Lessons to be learned from Norwegian declassification


The expert: This way more people can get 1 million more in pension

Published: October 10, 2022, 10:00 a.m. Updated: November 29, 2022, 1:20 p.m.Nicklas Andersson, savings economist Avanza. Fees are like tooth decay. The damage is not immediately visible, but over time the fees eat away at the pension and eat up your money. – Unnecessary fees can give you 1 million less to live on in the future, says Avanza savings economist Nicklas Andersson. It may pay to give the occupational pension a little attention. Substantial. Several actors in the pension industry charge fixed annual scale fees, which means that your money ends up in the insurance company’s pockets instead of your own, says Nicklas Andersson. – It is so unnecessary. A seemingly low fee of 0.65 percent per year could leave you with 1 million less to live on as a retiree, which is a lot of money. Therefore, it is very important that you review your pensions and move them away from contributions, he says. Can you get 1 million more? Test and see! Here, Avanza searches for your old pensions for you.How can it be 1 million more?As the annual fees are a percentage, the cost becomes higher as your savings grow. Great for the insurance company, which makes more money year after year – but bad for you as a saver, as more kroner are lost in fees, effectively eroding your future pension. – No one would ever have their monthly salary in an account with an annual percentage charge, but still many have such an arrangement with their occupational pension. It should be avoided at all costs. Now it is also easier than ever to move your pensions and give yourself a substantial future salary increase in the bargain, says Nicklas Andersson.Which pensions can be transferred?Last year, a long-awaited bill came into effect. This means that it may cost a maximum of SEK 600 to move a non-collectively agreed occupational pension to another actor. The proposal includes mutual fund insurance and deposit insurance (not traditional insurance) taken out after 2007. – My absolute best pension tip is to transfer old occupational pensions and private pension insurance to an actor without scale fees. It can therefore give you up to 1 million more in retirement. After that, it is of course important to ensure the right form of savings and price tag, but the scale fee is, after all, a guaranteed fee. Just by avoiding it, you improve the future prospects in your savings, says Nicklas Andersson. Let Avanza search for your old pensions – and see immediately whether they can be transferred or not (and what you can save by avoiding fees). The 5 most owned shares at Avanza right now:1. Investor B 2. Samhällsbyggnadsbolaget i Norden B 3. Volvo B 4. Kinnevik B 5. Volvo Car B The list shows the most owned shares among Avanza’s customers as of 10/19/2022.The 5 most owned funds at Avanza right now:1. Spiltan Aktiefond Investmentbolag 2. Avanza Zero 3. Avanza Global 4. Länsförsäkringar Global Index-close 5. Swedbank Robur Ny Teknik A The list shows the most owned funds among Avanza’s customers as of 10/19/2022.Risk text:Historical returns are no guarantee of future returns. An investment in securities/funds can both increase and decrease in value and it is not certain that you will get the invested capital back. The return may also increase or decrease due to changes in the exchange rate. We reserve the right for any errors in the share and fund information provided on this page. *The new rules for reduced fees apply to all fund or deposit insurances, not traditional insurances, taken out after July 1, 2007. Please note that you cannot transfer collectively agreed occupational pensions to us such as SAF-LO, KAP-KL, PA03 (PA16) or ITP (ITPK). Avanza offers a moving fee of up to SEK 1,000. Read more and see how we calculated here. The article is produced by Brand Studio in collaboration with Avanza and not an article by Dagens industri

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