In 2018, the Swedish social security contribution paid by the employer is 31.42%, calculated on top of the employee's salary before taxes. The percentage is lower for old employees.[5] The specifics of the payroll tax (National Insurance in UK English) may be found at the Swedish Tax Agency's Website.[6] In addition, the employee pays 7% in pension contributions to the public system, with a cap at an annual income of 420,447 kr. Thus, the maximum employee contribution is 29,400 kr.