The guarantee pension is based mainly on how large your national public pension is and how long you have lived in Sweden, but also your marital status.
If you have a low pension and live in Sweden, you can also apply for housing supplement and financial support for the elderly.
Who can receive a guarantee pension?
You may be entitled to a guarantee pension if you have reached the age of 65 and have a low or no income-based pension. The age limit of 65 will probably be changed to 66 in 2023.
To receive a full guarantee pension, it is a requirement that you have lived in Sweden for at least 40 years from the year when you reached the age of 16 and up to the year when you turn 64. If you have in Sweden for a shorter period of time, the guarantee pension will be lower.
To be entitled to a guarantee pension when you live in Sweden, you must have lived or worked in Sweden for at least three years. If you have lived or worked in the EEA or Switzerland (EEA is the EU countries as well as Norway, Iceland and Liechtenstein), those years can be combined with the time you have in Sweden, but you must have lived or worked in Sweden for at least one year.
If you live in Sweden and previously lived and worked in the EEA or Switzerland (EEA is the EU countries as well as Norway, Iceland and Liechtenstein), your insurance period in the other country also affects the calculation of the guarantee pension.
If you live or move outside Sweden, other regulations apply, see the heading "Guarantee pension can be paid outside Sweden".
If you have come to Sweden and received a residence permit with a refugee status declaration or a person in need of protection, you may in some cases be able to include your residence period from your previous home country. It is the Swedish Migration Board that decides on a residence permit. If you were born in 1937 or earlier, the guarantee pension acts as compensation for changes that took place in the pension system in 2003.
What affects the size of the guarantee pension?
The guarantee pension is calculated on the time you have resided or worked in Sweden, the EEA or Switzerland (the EEA are EU countries as well as Norway, Iceland and Liechtenstein).
If you have income-based pensions such as an income pension, widow's pension or a foreign pension, the guarantee pension is gradually reduced and is then completely terminated when you reach a certain level. Your marital status also affects the size of the guarantee pension.
What does not affect the size of the guarantee pension?
The size of the guarantee pension is not affected by whether you have a salary, capital or have other benefits paid to you from Sweden or another country, such as an occupational pension and a private pension insurance policy.
Guarantee pension can be paid outside of Sweden
Guarantee pension in the UK
Report any changes
Keep in mind that you must always report changes that may affect your guarantee pension. This applies to your finances, if you receive a new or changed foreign pension or annuity from another country, if you move or if your marital status changes.
It is important that you report changes, to make sure that you do not miss out on higher compensation or to ensure that you do not receive too much and become liable to reimburse money. Contact customer service to notify your changes.