During 2025, a lot of Swedes can look forward to a lighter pressure on the wallet. This after seeing most things rise in price for a long time: fuel, food, transport and interest rates. But a lightening looms, at least according to Nordnet Bank’s savings economist Frida Bratt.
In an interview with News24 she explains that certain groups can look forward to several changes of a more positive kind. One of the groups is the country’s pensioners.
– Anyone who owns a home and works has it easier in the form of lower mortgage interest rates, reduced tax on work and pensions and savings. If, on the other hand, you live in a rental property, you unfortunately have to expect continued rent increases and if you become unemployed, changes to the social security fund will likely come into effect from October this year.
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In addition to the changes in the social security fund and lower mortgage interest rates, an important detail is that the social security fund’s ceiling is raised, but the compensation is reduced more quickly, only after 100 days.
– If you also have unsecured loans, so-called consumer loans, they are even more expensive now because the interest deduction is being scaled down to be abolished completely in 2026. We are also getting changes in the form of, for example, a higher limit for high-cost protection for medicines.
What important advice and details apply to the country’s pensioners in 2025?
– Same advice. But also that you take care to withdraw the pension smartly. Don’t invest everything in interest as soon as you retire, but make sure to have part of your occupational pension placed at a slightly higher risk with exposure to the stock market, so that it has a chance to grow even during retirement, she says.
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Financial pitfalls to avoid in 2025
When it comes to those of you who are of retirement age, Bratt has additional advice to offer. You should, among other things, make sure to withdraw the pension from the insurances that are placed at low risk, so also the insurances that are at high fees without being able to be transferred. But in the event that you think about continuing to work for a while more despite reaching retirement age, then it can give a real dent in the wallet.
– If you are energetic and can work part-time, it is of course a way to extend the pension. At the turn of the year, rules were introduced for a more flexible withdrawal for the occupational pension, as you can pause the withdrawal if, for example, you start working part-time, says Frida Bratt to Nyheter24.
What financial pitfalls do you warn retirees of in 2025?
– Both for pensioners and others, the fact that consumer loans will become more expensive in 2025 applies, because the right to deduct is scaled back. These are expensive loans, which are now becoming even more expensive. Pay off these loans as soon as possible. Another piece of advice is not to take out all occupational pensions in the shortest possible time, in 5 years. As I said, you can end up living as a pensioner for a long time, and it can be difficult if for a large part of the time as a pensioner you have to live only on the income pension.
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The cut-off point for the tax is raised
Frida Bratt also urges you who are retired or of retirement age to keep an eye on the cut-off point for state income tax in case you have a high pension. Namely, in 2025 the break point will be raised in contrast to how it looked in 2024.
– Don’t forget to check whether you, as a pensioner, are entitled to housing allowance. Many people are entitled to the allowance without knowing it. Check on the Swedish Pensions Authority’s website what you are entitled to, Bratt concludes by telling Nyheter24.
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Source: nyheter24.se
