I have a 2005 V50 AWD T5. The maintenance schedule in my owner's manual says that the timing belt should be replaced at either 120K or 150K depending on the VIN code. This is taken directly from the manual -

"Service interval for engine VIN codes 52, 54 and 59 is 120,000 miles or 192,000 kilometers. Service interval after first service for all turbo models is every 45,000 miles / 72,000 kilometers. No service required on engine VIN code 68."

My engine is VIN code 68 - does this mean that the timing belt does not have to be replaced at all?

If so, that would be exceptionally good news for my wallet

 

Count the asteriks. That is pertaining to the PCV servicing. Your timing belt is due a 120,000 miles.