Swedish Pensions Agency sees need for new pension savings scheme
The Swedish Pensions Agency (Pensionsmyndigheten) says it sees a need for a new type of private pension savings scheme, as some sections of the population should be putting more money away for retirement.
In a report investigating this proposal, the authority said while the financial need for increased savings seemed to be low for most people in Sweden, there were nevertheless groups that needed to save more for their pensions.
The agency said in a statement: “A private pension savings scheme that everyone can take advantage of is currently lacking, and one should be created, but we are not taking a position on whether or not those savings should be tax deductible.”
The agency – which administers state pensions and pension-related benefits – said that although tax deductibility for private pension savings ended in 2016, private pension savings in Sweden were continuing to increase.
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