Emergency Fund Requirement
Emergency Fund for Expats in Sweden Here is the snapshot of various situations when we need an Emergency Fund as expats in Sweden. (Akassa and inkomstförsäkring are really good financial safety nets in Sweden). The biggest expense shall be when our family/parents are sick in our home country, and we need to visit them […]
Positive Side of Immigration in Sweden
Positive Side of Immigration Indians skilled workers in Sweden tops the list with the median value of total earned income in year 2022 based on SCB (Statistikmyndigheten). Interesting to see countries outside EU from this list which shows positive effects from skilled immigration who pay income taxes and their employer pays social taxes. The […]
Public Dental Insurance in Sweden
Folktandvården Dental Insurance (Abonnemangstandvård) Most people in Sweden are unaware about this dental insurance! Yes, Folktandvården (Public Dental Care) offers a Dental Insurance known as abonnemangstandvård. How to Get This: Visit your nearest Folktandvården and fix an appointment with a dentist. After the initial examination, they will recommend corrective actions, which you need to […]
Education Loan Aboard – Tax Deduction
Students from Abroad in Swedish Higher Education for the First Time Quick facts: Most students are in the age group of 22-29. More women students take up education compared to men. Most chosen courses are Engineering and Manufacturing, and Social Sciences, Law, Commerce, and Administration (maybe it’s bachelor degree). Most chosen universities are: Lund: […]
Should I have cash in Sweden?
Cash is IMPORTANT! But do we have enough cash (banknotes & coins) in society to manage extreme crises? Nordic countries have issued documents on how people should be prepared for emergencies, and the common point in all these four country documents was: “Have some cash,” the payment infrastructure can be compromised in case of […]
ISK Investment Account – Taxation
ISK Account holding tax will be lower for year 2025 which shall be 0,888%. Benefits of ISK Account: Capital Gain tax is ZERO 150 000 Kr total market value of ISK account has NO Holding tax, above that it’s 0,888% Automatic Reporting to Skatteverket for Buy & Sell transactions and Tax Disadvantage: Capital Loss […]
Withdraw of Occupation Pension
You can buyback (withdraw) your occupation pension (Tjänstepension ) in Sweden anytime but it needs to meet a certain condition Total amount in that particular pension fund shall be less than 1 PBB ( Year 2024 it’s 57 300 Kr & year 2025 its 58 800 Kr) Your Pension company and Pension agreements need to […]
Moving to sweden with family expense
Housing stands out as the most significant expense in Sweden, capable of shaping the financial stability of a single income earner supporting a family. When relocating to Sweden with a family, opting for Stockholm may result in a considerable portion of the income going towards expenses, as outlined in the monthly breakdown. Conversely, choosing a […]
Top 10 Personal finance things to do in Sweden
Top 10 Personal Finance Tips for Working Expats in Sweden Be a Member of A-kassa (Unemployment Fund): Ensure financial stability during unemployment by joining an A-kassa relevant to your profession. Join a Union if Your Salary Exceeds 33,000 SEK: Unions can provide salary negotiations, legal support, and additional job security benefits. Secure Comprehensive Home Insurance: […]
Annamalai Ramanathan | Financial Educator
I create awareness on personal finance topics to European Indian NRI and Swedish expats by empowering them to have control over their finances and a fulfilling life with happier relationship with money
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