Sweden

Currency
Swedish krona (SEK)
Payroll Frequency
Monthly
Employer Taxes
31.42%

About 

Sweden

Occupying much of the eastern half of the Scandinavian peninsula, Sweden is the largest country in Northern Europe. Like its Nordic neighbors, it has a highly developed economy and enjoys a high standard of living.

Overview

Population
10,402,070
Language
Swedish
Capital
Stockholm
Currency
Swedish krona (SEK)
Country code
+46
Min wage
No official national minimum wage
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Monthly

Avg employer tax

31.42%

Taxation

Tax breakdown - Employer
  • Health insurance: 3.55%
  • Parental insurance: 2.60%
  • Retirement pension: 10.21%
  • Survivors pension: 0.60%
  • Labor market fee: 2.65%
  • Occupational injury: 0.20%
  • General payroll tax: 11.62%
VAT

25%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Apr: Good Friday
  • 17 Apr: Easter Sunday
  • 18 Apr: Easter Monday
  • 1 May: May Day
  • 26 May: Ascension Day
  • 5 Jun: Whit Sunday
  • 6 Jun: National Day
  • 25 Jun: Midsummer Day
  • 5 Nov: All Saints' Day
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
Sick days

The first day of sick leave is unpaid. The second to 14th days are paid by the employer. Subsequent days are paid by social security. Sick leave is normally paid at 75–80% of salary, depending on the duration of the illness.

Maternity leave

Paid maternity leave is 14 weeks, seven before the birth and seven after.

Paternity leave

Paid paternity leave is 10 days.

Termination

Termination Process

Termination processes vary according to the type of contract, the reason for termination, the employment agreement, and any collective agreements in place. The Employee Insurance Agency must be involved if the termination is due to long-term disability or economic reasons. Furthermore, any company with over five employees must inform the government's Employment Service in the event of any termination. Trade unions may then need to become involved in negotiations before the company provides a written termination notice.

Notice Period

Notice periods are typically set out in collective bargaining agreements and are normally one month. Employees not covered by such agreements are entitled to notice depending on their length of service:

  • Under two years – 1 month's notice
  • Between two and four years – 2 month's notice
  • Between four and six years – 3 months' notice  
  • Between six and eight years – 4 months' notice  
  • Between eight and ten years – 5 months' notice  
  • Over ten years – 6 months
Severance Pay

Employment contracts/collective agreements stipulate any severance pay required.

Probation Period

Employment contracts/collective agreements stipulate the length of any probation period.

Tax Calculation

*
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SE
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Sweden

Currency
Swedish krona (SEK)
Payroll Frequency
Monthly
Employer Taxes
31.42%

About 

Sweden

Occupying much of the eastern half of the Scandinavian peninsula, Sweden is the largest country in Northern Europe. Like its Nordic neighbors, it has a highly developed economy and enjoys a high standard of living.

Overview

Population
10,402,070
Language
Swedish
Capital
Stockholm
Currency
Swedish krona (SEK)
Country code
+46
Min wage
No official national minimum wage
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Monthly

Avg employer tax

31.42%

Taxation

Tax breakdown - Employer
  • Health insurance: 3.55%
  • Parental insurance: 2.60%
  • Retirement pension: 10.21%
  • Survivors pension: 0.60%
  • Labor market fee: 2.65%
  • Occupational injury: 0.20%
  • General payroll tax: 11.62%
VAT

25%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Apr: Good Friday
  • 17 Apr: Easter Sunday
  • 18 Apr: Easter Monday
  • 1 May: May Day
  • 26 May: Ascension Day
  • 5 Jun: Whit Sunday
  • 6 Jun: National Day
  • 25 Jun: Midsummer Day
  • 5 Nov: All Saints' Day
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
Sick days

The first day of sick leave is unpaid. The second to 14th days are paid by the employer. Subsequent days are paid by social security. Sick leave is normally paid at 75–80% of salary, depending on the duration of the illness.

Maternity leave

Paid maternity leave is 14 weeks, seven before the birth and seven after.

Paternity leave

Paid paternity leave is 10 days.

Termination

Termination Process

Termination processes vary according to the type of contract, the reason for termination, the employment agreement, and any collective agreements in place. The Employee Insurance Agency must be involved if the termination is due to long-term disability or economic reasons. Furthermore, any company with over five employees must inform the government's Employment Service in the event of any termination. Trade unions may then need to become involved in negotiations before the company provides a written termination notice.

Notice Period

Notice periods are typically set out in collective bargaining agreements and are normally one month. Employees not covered by such agreements are entitled to notice depending on their length of service:

  • Under two years – 1 month's notice
  • Between two and four years – 2 month's notice
  • Between four and six years – 3 months' notice  
  • Between six and eight years – 4 months' notice  
  • Between eight and ten years – 5 months' notice  
  • Over ten years – 6 months
Severance Pay

Employment contracts/collective agreements stipulate any severance pay required.

Probation Period

Employment contracts/collective agreements stipulate the length of any probation period.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
SE
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation