Salary Calculator
Sweden

The salary calculator for Sweden estimates gross and net earnings by factoring in various components. It begins with the gross salary, including base pay, bonuses, and additional compensation. Next, it applies Sweden’s municipal rate or the national tax rate for higher income brackets.

The calculator also accounts for social security contributions from both the employee and employer, which fund essential services like pensions and healthcare. After all taxes and contributions are deducted, the result is the net salary—the actual amount the employee takes home.

Employers contribute around 31.42% of the employee’s gross salary to cover social security. These contributions fund important services like healthcare, pensions, parental leave, and unemployment benefits. This percentage applies uniformly, regardless of the employee’s salary level.

Many employers also provide an additional pension contribution, often around 4.5-6% of the employee's gross salary. This is a benefit that goes beyond the basic national pension and can make a company more attractive to potential employees.

Sweden’s income tax is progressive, with a combination of municipal and national taxes. Employees pay around 29-35%, depending on the municipality. There’s also an additional 20% on income exceeding approximately SEK 598,500 per year.

*Please note that these tax rates can vary based on legislative changes.

By law, employees in Sweden are entitled to 25 paid vacation days per year. During vacation, employees receive an increased vacation pay amounting to 12% of their regular income, typically distributed in advance of or during their leave.

When it comes to parental leave, Sweden offers a total of 480 days of paid leave per child. This leave is flexible and can be divided between the mother and father. Each parent is allocated 240 days, with 90 days reserved specifically for each parent (non-transferable). During parental leave, parents receive approximately 80% of their salary for the first 390 days (up to a capped amount), and a flat rate for the remaining 90 days.

In addition, employees are well-supported during illness. The first day of illness is unpaid, known as the "qualifying day." After that, employees receive 80% of their salary from the employer for the following 13 days. If the illness extends beyond this period, the Swedish Social Insurance Agency (Försäkringskassan) provides a sickness benefit, generally at 80% of the employee’s salary up to a certain cap.

Many companies provide meal vouchers or subsidised meals to employees, particularly in larger organisations. Wellness programs like gym memberships and health screenings are also provided. EAPs (Employee Assitance Programs) provide confidential support for employees dealing with personal issues, such as mental health challenges, financial advice, or legal concerns. Access to counselling and resources can help employees maintain their well-being.

In Sweden, the salary calculator plays a vital role in distinguishing between gross and net salary, which is essential for comprehending an employee's earnings. Gross salary represents the total income an employee earns before any deductions, including the base salary, bonuses, and other forms of compensation outlined in the employment contract. It effectively reflects the complete financial agreement between the employer and the employee.

Conversely, net salary is the actual amount that employees receive after all mandatory deductions have been applied to the gross salary. In Sweden, these deductions usually include income tax, social security contributions, and health insurance.