The Government, together with the Sweden Democrats, wants to strengthen the job tax deduction in the upcoming budget. Furthermore, they will lower taxes for pensioners and ISK taxes.
It will be a certain strengthening for households, it's 18 billion kronor after all, says Arturo Arques, private economist at Swedbank.
On average, the parties expect a tax reduction of 2,600 kronor per year for wage earners, and for pensioners, it's about 1,400 kronor more in their pockets per year, or approximately 117 kronor more per month.
It's not big things, says Arques further and adds:
But if you live on the margin and, for example, get 2,600 kronor per year, it's more than nothing. Anything that gives a clinking sound in the cash register for households is good in the current situation.
"A signal value"
Shoka Åhrman, savings economist at SPP, believes that the proposals are good and will strengthen the purchasing power of households.
"But for ordinary people, and especially those with mortgages, the interest rate situation will likely have a more direct effect than the budget", she says in a written comment.
The governing parties want to introduce a tax-free basic level for savings on investment savings accounts (ISK) – in 2025, savings will be tax-free up to 150,000 kronor and in 2026, it will be increased to 300,000 kronor.
What's important about this proposal is that it gives a signal value – everyone needs a savings buffer for unexpected expenses. Giving incentives to people to really prioritize a savings buffer can make a big difference, says Arturo Arques.
Makes a difference
In the autumn budget, the Government and SD also want to extend the supplementary allowance for housing allowance until June 2025. It's likely the part that will make the most difference going forward, believes Arturo Arques.
Many families with children receive this allowance, and I think this has greater significance than the other proposals. It's something that makes a difference, he says.
