🇸🇪🇩🇰🇫🇮 Nordic Region
Nordic pension: ITP, ATP, and TyEL in one platform.
Swedish ITP, Danish ATP, and Finnish TyEL each have different structures, contribution bases, and reporting routes. Pensvyne administers the employer obligations for each, keeping your Nordic team's pension correctly handled alongside your other European countries.
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Sweden — ITP (Industrins och handelns tilläggspension)
Administered via Collectum for white-collar private sector employees
ITP1 (employees under 28 or joining after 2007)
- Defined contribution: employer contributes based on income band
- Band 1 (0–7.5 IBB): 4.5% of pensionable salary
- Band 2 (7.5–30 IBB): 30% of pensionable salary
- Premium paid monthly to Collectum-managed fund
ITP2 (employees 28+ who joined before 2007)
- Defined benefit accrual — pension paid from career-average salary
- Employer reports salary data to Collectum each month
- Actuarial funding via Alecta (or opt-out to insurance company)
- Pensvyne tracks accrual data and generates Collectum submissions
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Denmark — ATP (Arbejdsmarkedets Tillægspension)
Mandatory supplementary labour market pension for most employed workers
- Fixed statutory contribution per full-time employee per month — not percentage-based
- Employer pays 2/3 of total contribution; employee pays 1/3 (deducted from salary)
- Full-time contribution rate (2026): DKK 284/month from employer, DKK 142/month from employee
- Contribution prorated for part-time workers based on hours worked vs. full-time hours
- Pensvyne calculates, tracks, and generates ATP contribution declarations
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Finland — TyEL (Työntekijän eläkelaki)
Employee's Pension Act — the main earnings-related pension for private sector employees
- Employer contribution rate age-dependent (lower rate for employees under 53 and 63+; higher for 53–62)
- Employee contribution: 7.15% for under 53 / over 62; 8.65% for 53–62 age band
- Contributions paid to a licensed pension provider (Elake-Varma, Ilmarinen, etc.)
- Annual salary and contribution report filed with the pension provider
- Pensvyne calculates both employer and employee contributions by age band and generates provider reports