Working while getting a pension

You can start in a new employment or work as a self-employed person while you draw an old-age pension. If you are on an old-age pension, there are no limits to how much you can work or earn.

In that case, you will accrue new pension at a rate of 1.5 per cent of your new annual income until you reach the age when your insurance obligation ends.

Since you earn new pension for work you do in retirement, you must also pay pension contributions for your earnings from that work until you reach the age when your insurance obligation ends (see table below).

Read more about earnings-related pension contributions

If you work while you get a pension, you need a separate tax card for your wage.

Read more about how your pension will be paid and taxed

If you work as a self-employed person while drawing an old-age pension, you can take out voluntary pension insurance. You will accrue new pension based on your pension-declared income for self-employment.

Read more about pensions for the self-employed

You have to claim the pension  you have earned for work or self-employment in retirement. You will be paid out the new pension once you have reached the age when your insurance obligation ends. That age depends on when you were born.

Age when your insurance obligation ends
Year you were born Age when your insurance obligation ends
1957 or earlier 68
1958-1961 69
1962- 70

Go to instructions on how to claim the old-age pension

If you consider working while drawing a disability pension, contact your pension provider to find out how much you can earn without it affecting your disability pension.

If you consider working while drawing a disability pension, please check with your pension provider what your earnings limits are.

If you draw a full disability pension, you can earn up to 40 per cent of the income level you had before you began drawing your disability pension. The earnings level is 60 per cent if you draw a partial disability pension. However, you can always earn 855.48 euros a month even if your individual earnings were smaller.

If your earnings are higher than the earnings limit, you can either leave your pension dormant (that is, have your pension payments suspended) or convert your full disability pension to a partial disability pension while working. You must leave your pension dormant for at least three months but not for more than two years.

The new pension you accrue for the work you do while drawing a disability pension will be paid out when your disability pension becomes an old-age pension. That happens when you reach your retirement age. You have to apply for this new pension separately.