DealMakerz

Complete British News World

Share paternity leave equally and save thousands

Share paternity leave equally and save thousands

Today, mothers take up the vast majority of the 480 parental days. Often, the family bases this decision on the fact that whoever earns more should also work more.

But calculations by Länsförsäkringar show that an evenly distributed vacation is more profitable. A typical family that shares parental leave equally during the first year earns SEK 1,361 per month compared to a distribution where the mother takes ten months and the father two (see fact box below).

“The person who takes the most parental leave is also the person who works more and works part-time more, which negatively affects the evolution of the lifetime salary and income of the person who lives at home,” says the private economist at Länsförsäkringar. Stefan Westerberg comments, and continues:

“When a couple reaches 27 years of age, there is a difference of SEK 52,000 in annual salary between them, which means that women earn SEK 4,300 less in monthly salary than men. When they are 37, the difference rises to SEK 89,000 per year, i.e. 7,500 SEK per month.”

Stefan Westerberg refers to statistics from Statistics Norway. Calculations show that a family benefits from sharing parental leave equally even when both parents have the same income.

Read more: This is how you cut your money fees in half

Read more: Homeowners can get grants for energy renovations – up to SEK 60,000

This is the amount you earn by dividing paternity leave evenly over the first year

Länsförsäkringar made a number of calculations based on different income levels. Below is a choice.

See also  Botkyrkabyggen has been hunting down energy thieves for 15 years

Example 1

Monthly salary
Mother: 33 thousand SEK
Father: 35,500 SEK

The annual income of the mother upon reaching the age of ten, and the father’s, is two months
589,157 SEK
Annual income when parental leave is evenly distributed (six months each)
605,484 SEK
difference per month
1361 SEK

Footnote: Average salaries of women and men in 2022 according to the Mediation Institute

Example 2

Monthly salary
Mother: 35 thousand SEK
Father: 85,000 SEK

The annual income of the mother upon reaching the age of ten, and the father’s, is two months
916,383 Swedish kronor
Annual income when parental leave is evenly distributed
937,845 SEK
difference per month
1788 SEK

Example 3

Monthly salary
Mother: 50,000 SEK
Father: 50,000 SEK

The annual income of the mother upon reaching the age of ten, and the father’s, is two months
823,386 SEK
Annual income when parental leave is evenly distributed
858,159 SEK
difference per month
2898 SEK

Source: Länsförsäkringar