On 1 January 2023, a new income roof was set for employees who are entitled to pension contributions under the ITP 1 pension plan (a defined contribution plan).
The ITP pension plan applies for employers who are bound by a collective bargaining agreement. As a main rule, the ITP 1 pension plan applies for employees born in 1979 or later, however, employers who have applied for an exemption with the ITP board may apply the ITP 1 pension plan for all employees.
As of 1 January 2023, the income roof is capped at SEK 185,750 per month. If the employee's total salary payment, including variable salary, for one month is exceeding SEK 185,750, the exceeding part is not considered as pensionable income under the ITP 1 pension plan. However, employers and employees may mutually agree that salaries above this cap shall still be considered as pensionable income.