Changes in salary reporting to FORA

Precision in reporting salaries

Under the new system, salaries paid in a given month must be reported by the end of the following month. This allows for more accurate and fair management of insurance and pension contributions. Employers will now receive invoices based on actual costs, reducing the risk of retroactive adjustments and aiding in budgeting and expense calculations.

This change also benefits employees by allowing them to allocate funds to their pensions monthly, giving them greater control over their financial planning. New employees will receive pension information upon hiring, a significant improvement from the previous system where this information could be delayed until January of the following year.

FORA’s support in managing benefits

While the new system requires more advanced administrative processes from employers, it offers more dynamic and fair management of employee benefits. FORA supports the transition by providing training materials and webinars.

In summary, the 2024 reform in salary and pension reporting in Sweden aims to enhance efficiency, transparency, and fairness for both employers and employees, introducing monthly reporting to improve the management of pension and insurance contributions.