ITP1
ITP1 is the defined-contribution occupational pension for most private-sector white-collar employees, mainly those born 1979 or later. Your employer pays a set percentage of your salary into it every month, and you choose how it is invested.
The two rates
Below 7.5 × IBB (625 500 kr for 2026) your employer contributes 4.5% of your salary. Above that threshold the rate jumps to 30%. That large step is why higher earners’ pensions lean so heavily on ITP1, It also matters for löneväxling (salary sacrifice): ITP1 is calculated on your salary after the sacrifice, so a sacrifice in the band above the threshold also shrinks your 30% contribution unless your employer compensates for it.
You choose the fund
You pick the provider and fund through Collectum, and whether to add survivor’s cover (återbetalningsskydd). Because it is defined-contribution, your final pension depends on the contributions, the returns and the fees, the investment risk is yours, which is exactly why an active, low-fee fund choice pays off.
Where it shows up
- Pension
- Salary sacrifice
ITP1 is defined-contribution (you carry the risk, you choose the fund). Its older sibling ITP2 is mainly defined-benefit (a promised percentage of final salary). Which you have depends mostly on your birth year.