diff --git a/.changeset/khaki-camels-punch.md b/.changeset/khaki-camels-punch.md
new file mode 100644
index 0000000000..ee761ccc7e
--- /dev/null
+++ b/.changeset/khaki-camels-punch.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: ensure correct parent effect is associated with render effects
diff --git a/packages/svelte/src/internal/client/reactivity/effects.js b/packages/svelte/src/internal/client/reactivity/effects.js
index 225137ec1e..fa43f0afb2 100644
--- a/packages/svelte/src/internal/client/reactivity/effects.js
+++ b/packages/svelte/src/internal/client/reactivity/effects.js
@@ -201,7 +201,10 @@ export function user_effect(fn) {
 
 	if (defer) {
 		var context = /** @type {ComponentContext} */ (component_context);
-		(context.e ??= []).push(fn);
+		(context.e ??= []).push({
+			fn,
+			parent: active_effect
+		});
 	} else {
 		var signal = effect(fn);
 		return signal;
diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index ded38a6764..bfea047b24 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -1050,11 +1050,18 @@ export function pop(component) {
 		if (component !== undefined) {
 			context_stack_item.x = component;
 		}
-		const effects = context_stack_item.e;
-		if (effects !== null) {
+		const component_effects = context_stack_item.e;
+		if (component_effects !== null) {
+			var previous_effect = active_effect;
 			context_stack_item.e = null;
-			for (var i = 0; i < effects.length; i++) {
-				effect(effects[i]);
+			try {
+				for (var i = 0; i < component_effects.length; i++) {
+					var component_effect = component_effects[i];
+					set_active_effect(component_effect.parent);
+					effect(component_effect.fn);
+				}
+			} finally {
+				set_active_effect(previous_effect);
 			}
 		}
 		component_context = context_stack_item.p;
diff --git a/packages/svelte/src/internal/client/types.d.ts b/packages/svelte/src/internal/client/types.d.ts
index 9a3955d9ca..6d7065f1c8 100644
--- a/packages/svelte/src/internal/client/types.d.ts
+++ b/packages/svelte/src/internal/client/types.d.ts
@@ -15,7 +15,7 @@ export type ComponentContext = {
 	/** context */
 	c: null | Map<unknown, unknown>;
 	/** deferred effects */
-	e: null | Array<() => void | (() => void)>;
+	e: null | Array<{ fn: () => void | (() => void); parent: null | Effect }>;
 	/** mounted */
 	m: boolean;
 	/**
diff --git a/packages/svelte/tests/runtime-runes/samples/effect-order-4/_config.js b/packages/svelte/tests/runtime-runes/samples/effect-order-4/_config.js
new file mode 100644
index 0000000000..c1480c19a7
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/effect-order-4/_config.js
@@ -0,0 +1,19 @@
+import { test } from '../../test';
+import { flushSync } from 'svelte';
+
+export default test({
+	async test({ assert, target, logs }) {
+		const [b1] = target.querySelectorAll('button');
+		flushSync(() => {
+			b1.click();
+		});
+		flushSync(() => {
+			b1.click();
+		});
+		assert.deepEqual(logs, [
+			{ count: 0, doubled: 0 },
+			{ count: 1, doubled: 2 },
+			{ count: 2, doubled: 4 }
+		]);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/effect-order-4/main.svelte b/packages/svelte/tests/runtime-runes/samples/effect-order-4/main.svelte
new file mode 100644
index 0000000000..31bd1f6668
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/effect-order-4/main.svelte
@@ -0,0 +1,18 @@
+<script>
+	let count = $state(0);
+
+	function increment() {
+		count += 1;
+	}
+
+	$effect.pre(() => {
+		const doubled = count * 2;
+		$effect(() => {
+			console.log({ count, doubled });
+		});
+	});
+</script>
+
+<button onclick={increment}>
+	clicks: {count}
+</button>