Old age pensionBritish expat residing in Sweden |
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Old age pensionBritish expat residing in Sweden |
3.Aug.2012, 06:58 AM
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#1
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Joined: 25.May.2011 |
as a British National and full time resident in Sweden am i entitled to two pensions when i retire or will my pension be shared between the two countries ? would appreciate any helpful replies.
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3.Aug.2012, 08:10 AM
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#2
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Joined: 22.Nov.2011 |
You are entitled to whatever pension You earned or paid into in the UK.
PLUS if you have been working and paying taxes in Sweden there is the income related pension. Amount depends upon how many years and how much you paid in. AND In addition to that there is a special Garantipension for people with low value pensions, that depends upon how many years you have been here also, eg. for the full amount you have to have lived in Sweden 40 yrs. Pensions are taxable income, there are certain rules as to where the UK pension will be taxed, it is quite posssible that you will have to pay taxes on it in Sweden at Swedish rates. |
3.Aug.2012, 08:12 AM
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#3
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Joined: 2.Nov.2008 |
In terms of state pension, and assuming that you have worked and paid into the schemes of both countries during your working life, your contributions will be aggregated. If you retire in Sweden, the UK will need to report your UK contributions to Sweden. If you retire in the UK, the reverse will occur.
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