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Pension payments cease for Swedish living abroad

PENSION PAYMENTS CEASE FOR SWEDISH LIVING ABROADAnnounced last month, the Riksdag, Swedens highest decision-making assembly, decided that the right to take a guarantee pension upon emigration from Sweden will cease from 1st October 2022.

For Swedish pensioners who already live outside Sweden, the right to a guarantee pension ceases from January 2023. The guarantee pension is no longer considered a pension without being classified as a minimum benefit. The decision will not affect the income pension.

The current proposal states that the regulation of the payment of guarantee pensions and guarantee pensions to conversion pensions within the EEA and in Switzerland, as well as to persons resident in the United Kingdom, has been temporary and not a permanent change. As no alternative solution has been found, there is no legal support to continue with payments to persons residing abroad. The proposal means that from January 2023, guarantee pensions will no longer be paid to persons residing outside Sweden.

In practice, the proposal means that those who apply for a guarantee pension after 1st October 2022 and have not previously been entitled to a guarantee pension will be rejected if they are not resident in Sweden.

For those persons who before the last September 2022 have applied for and been granted a guarantee pension, the payments for you who live abroad will cease from 1st January 2023.

Swedes throughout the world have been in contact with the Swedish Pensions Agency, which comments that it is a political decision and that the agency is now working on preparatory efforts to apply the decision that the temporary regulation that gave the continued right to payment of guarantee pension ceases.

Information will soon be published on the Swedish Pensions Agency's website. During the autumn, the authority will send out a so-called communication letter to those who have a payment of guarantee pension and in December they will send out decisions to the people who will be affected by the fact that the payments will cease.

Source https://www.sviv.se/

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