National and guarantee pensions supplement small earnings-related pensions

For the majority of retirees living in Finland, the earnings-related pension is the main source of income. The pension can consist of different components: the earnings-related pension, the national pension, the guarantee pension and a pension from abroad.

If you have earned no or only a small earnings-related pension, you may get a national pension. To get a national pension, you have to be covered by Finnish social security. You must also have lived in Finland for at least 3 years since your 16th birthday.

The full national pension is 665.29 euros per month (in 2021). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 593.97 euros (in 2021). The national pension is reduced as your earnings-related pension grows.

Read more about national pension on Kela’s Quick quide for pensioners

The guarantee pension offers you a minimum pension. All other pensions that you receive in Finland and from abroad affect the amount of the guarantee pension that you may receive. You will get the full guarantee pension (€837.59/month in 2021) only if you do not receive any other pensions.

Read more about who may qualify for a guarantee pension on Kela’s website

Examples of national and guarantee pensions

In the following examples, the national pension and the guarantee pension have been calculated under the assumption that all earnings-related pension income reduces the national pension.

The earnings-related pension has been adjusted with the life expectancy coefficient. The total pension is combined earnings-related, national and guarantee pensions that they receive per month. Taxes have been calculated assuming that the person’s monthly income has been of the same amount throughout the year.

Earnings-related pension e/monthNational pension e/monthGuarantee pension e/monthTotal pension e/monthTaxes and contributions e/month  Taxes and contributions % of gross pensionNet pension e/month
066517283800838
1006439483800838
2005934483800838
300543084300843
400493089300893
500443094300943
600393099380,8985
70034301043272,61016
80029301093474,31047
90024301143665,81078
100019301193867,21108
1100143012431068,61137
120093012931279,81166
13004301343148111196
140000140017112,21229
150000150021214,11288
180000180033318,51467
210000210045321,61647
240000240056323,51837
300000300080326,82197
4000004000122830,72772

Example table: Single pensioner at age 65 in 2021 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2021. The municipal tax rate is 20.02 and the pensioner’s medical care contribution is 1.65. The Church tax rate has been excluded from the calculation.

A public service broadcasting tax of 2.50 per cent, or a maximum of 163 euros per year, is levied on the pension. The taxation has been calculated assuming that the person has no other income than the earnings-related, national and guarantee pensions.

Earnings-related pensions also include components which do not reduce the national pension. They include, for example, the increase for late retirement and the pension accrued at a rate of 4.50 per cent before 2017.

National pensions and guarantee pensions drawn before the age of 65 are reduced for early retirement by 0.40 per cent per month taken early.

Earnings-related pension e/monthNational pension e/monthGuarantee pension e/monthTotal pension e/monthTaxes and contributions e/monthTaxes and contributions % of gross pensionNet pension e/month
059424483800838
10057216583800838
20052211583800838
3004726583800838
4004221583800838
500372087200872
600322092200922
700272097200972
80022201022191,91003
90017201072383,61034
100012201122585,11064
11007201172776,61095
120022012229881124
1300001300130101170
140000140017112,21229
150000150021214,11288
180000180033318,51467
210000210045321,61647
240000240056323,51837
300000300080326,82197
4000004000122830,72772

Example table: Married or cohabiting pensioner at age 65 in 2021 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2021. The municipal tax rate is 20.02 and the pensioner’s medical care contribution is 1.65. The Church tax rate has been excluded from the calculation.

A public service broadcasting tax of 2.50 per cent, or a maximum of 163 euros per year, is levied on the pension. The taxation has been calculated assuming that the person has no other income than the earnings-related, national and guarantee pensions.

Earnings-related pensions also include components which do not reduce the national pension. They include, for example, the increase for late retirement and the pension accrued at a rate of 4.50 per cent before 2017.

National pensions and guarantee pensions drawn before the age of 65 are reduced for early retirement by 0.40 per cent per month taken early.

For more information on the national and the guarantee pensions, contact the Social Insurance Institution of Finland (Kela).