Accounts in Sweden

Ordinary investment account (depå)

Profit is taxed when you sell, and fund holdings carry a small yearly charge on their value.

Shares, funds, bonds and savings you hold directly at a bank or broker, outside an ISK, an insurance or a pension. Profit is taxed at 30% when you sell, and interest and share dividends at 30% when they arrive.

Funds carry an extra yearly charge whatever the market did: 30% of a deemed 0.4% of what they were worth on 1 January, about 0.12% of the holding. Shares, bonds and bank savings held directly do not pay it. The Detailed view asks what you hold, and starts from funds that do not pay out, with cash in an ordinary savings account.

How it is taxed, rate by rate, is on the tax page.

In the withdrawal orders

With the ordinary accounts

Pays out

Whenever you like

At the first death

Your partner takes it over as it stands

Investment savings account (ISK)

Taxed on what it holds, not on profit: a small charge on its value each year above a tax-free first 300,000 per person. Withdrawals are never taxed.

The investment savings account is the most common way Swedes hold shares and funds outside a pension. Nothing you buy, sell or receive inside it is taxed, and money can come out at any age. Instead you are taxed on an assumed return: in 2026, 3.55% of the account's value (the government's borrowing rate at the end of November plus one point), taxed at 30%, so about 1.065% of the value a year. The plan keeps the 2026 rate for every year.

The first 300,000 kronor a person, in 2026, is free of this charge. It is one allowance shared with any endowment insurance or PEPP you hold, and the ISK uses it first. The law sets it as a fixed amount, so the plan does not raise it with prices. In a couple, each ISK counts against its owner's allowance, and a shared one is split between you.

The charge is part of your own yearly tax bill rather than something taken from the account, so it shows in your spending.

In the withdrawal orders

With the tax-free accounts

Pays out

Whenever you like

Taxed while you hold it

Yes, paid out of your spending

In a couple

Whose it is changes the tax, so the planner asks

At the first death

Your partner takes it over as it stands

Endowment insurance (KF)

The insurer pays a small yearly tax on its value from inside the policy. What is left of your tax-free first 300,000 after an ISK comes back as a reduction of your other tax. Payouts are never taxed.

An endowment insurance is a savings policy, often held at a bank or broker as a depåförsäkring in which you choose the funds or shares yourself. It is taxed on the same assumed return as an ISK, 30% of 3.55% of its value in 2026, but the insurer pays that tax from inside the policy, so it shows in your tax and not in your spending. Payouts are never taxed.

The 300,000 kronor allowance still applies: whatever your ISK has not used of it is set against the policy, and the tax that saves comes back to you as a reduction of your other tax for the year. The plan credits it that way.

In the withdrawal orders

With the tax-free accounts

Pays out

Whenever you like

Taxed while you hold it

Yes, paid from inside the account

In a couple

Whose it is changes the tax, so the planner asks

At the first death

Your partner takes it over as it stands

Tjänstepension or private pension insurance

A pension you draw down, from work or a private pension insurance. Nothing comes out before 55, then it pays over the years you choose, at least five. Each payment is taxed as income, and the pension company takes a small yearly tax from the pot.

A tjänstepension is the occupational pension your employer pays into, through a collective agreement such as ITP1, SAF-LO or AKAP-KR, or a plan of its own. This row is for the kind built up as a pot of money (defined contribution). Every krona that comes out is taxed as income, on the same scale as the state pension and with the same basic allowance.

While it is held, the pension company pays a yield tax from inside the pot: 15% of the capital times the government's average borrowing rate the year before, 0.354% of the pot in 2026. The plan takes it from the account, so it shows in your tax but not in your spending.

Before the payments start you choose when they start and over how many years, and the plan pays exactly that schedule: each year, the balance at the start of the year divided by the years left. What you do not need that year moves to your ordinary account. Nothing can come out before 55; many agreements set a later age, which the plan does not know, so pick a start age your agreement allows. A pot worth at most one price base amount (59,200 kronor in 2026, rising with prices in the plan) may be cashed in at any age.

Many agreements pay for life by default. If you will take yours that way, enter it in the pension step instead. The figure minPension gives you for the pension step already includes your tjänstepension, so enter each pension in one place only.

What is left passes to your partner at your death only if the pension carries repayment cover (återbetalningsskydd). Without it the money stays with the pension company. You say which in the account: the plan assumes cover unless you untick it, because the agreements differ. KAP-KL and AKAP-KL include cover unless the member opts out, while ITP and SAF-LO include it only if the member chose it. With cover your partner carries on with your payout schedule, which is how the largest provider, Alecta, pays a survivor once payments have started; other pension companies' rules can differ.

A private pension insurance (P-försäkring), a pension policy you bought yourself, goes in this row too. It pays out on the same rules: nothing before 55, then over the years you choose, at least five, each payment taxed in full as income, even for money you paid in without a deduction. It pays the same yearly yield tax from inside the policy.

In the withdrawal orders

With the accounts taxed on the way out

Before the earliest age

Nothing comes out before 55

Pays out

In instalments over a term you choose, within the law's limits. A small balance may be taken out whole

Taxed while you hold it

Yes, paid from inside the account

At the first death

Without repayment cover it ends with your death; with it, your partner takes it over

IPS pension savings account

From 55, over at least five years, taxed as income when it comes out, even if you got no deduction when you paid in.

An individual pension savings account (IPS, pensionssparkonto) is the bank or fund-platform version of a private pension insurance, with the same history: since 2016 only people without an occupational pension, or with their own business, can deduct what they pay in.

It follows the same rules: nothing before 55, then over the years you choose, at least five, and every payment taxed in full as income even where you got no deduction when you paid in. The yearly yield tax is charged to you and taken by the bank from the account, which is how the plan charges it.

The law also lets an IPS worth at most one price base amount (59,200 kronor in 2026, moving with prices) be closed early and paid out whole, at any age, and the plan allows that.

In the withdrawal orders

With the accounts taxed on the way out

Before the earliest age

Nothing comes out before 55

Pays out

In instalments over a term you choose, within the law's limits. A small balance may be taken out whole

Taxed while you hold it

Yes, paid from inside the account

At the first death

Your partner takes it over as it stands

Pan-European personal pension (PEPP)

Taxed like endowment insurance while it grows, and payouts are never taxed. Nothing comes out before 65, unless it is worth no more than 59,200 kronor in today's money.

A pan-European personal pension is a pension product with the same basic rules across the EU. Sweden does not tax it like a pension: there is no deduction when you pay in, it is taxed while held exactly like an endowment insurance, from inside the product and sharing the 300,000 kronor allowance, and payouts are never taxed.

Swedish law does not let a PEPP pay out before 65, and the plan holds it back until then. A small one, worth at most one price base amount (59,200 kronor in 2026, moving with prices), may be cashed in at any age, and the plan allows that too.

In the withdrawal orders

With the tax-free accounts

Before the earliest age

Nothing comes out before 65

Pays out

A small balance may be taken out whole

Taxed while you hold it

Yes, paid from inside the account

In a couple

Whose it is changes the tax, so the planner asks

At the first death

Your partner takes it over as it stands

Public or workplace pension (allmän pension, tjänstepension)

Taxed in full as income.

Sweden taxes every pension the same way, whoever pays it: the state pension (inkomstpension, premiepension, garantipension), a defined-benefit occupational pension such as ITP2 or KAP-KL, a pension your employer pays directly, and a tjänstepension you take for life. So one kind covers them all. From the age shown on the tax page, a larger basic allowance lowers the tax on all of it together.