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 703.45 euros per month (from 1 August 2022). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 628.03 euros (from 1 August 2022).

The national pension is reduced as your earnings-related pension grows. The national pension is payable at its full amount only if you receive no earnings-related pensions or if their combined amount before taxes is 59.45 euros per month or less.

When the earnings-related pension reaches a certain level the national pension is no longer granted. Earnings-related pension which no longer entitles to a national pension is 1 452.05 per month. If you are married or live in a domestic partnership or a registered partnership the amount is 1 301.13 euros.

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 of €885.63 (from 1 August 2022) only if you do not receive any other pensions.

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

Total pension: 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
070318288600,0886
10068310288600,0886
2006335288600,0886
300583088300,0883
400533093300,0933
500483098300,0983
6004330103380,81025
70038301083282,51056
80033301133474,11087
90028301183665,61117
100023301233877,01147
1100183012831078,31176
1200133013331279,61206
1300830138314810,71235
1400330143316811,71265
150000150019613,01304
180000180031617,51484
210000210043120,51669
240000240055323,01847
300000300077825,92222
4000004000120730,22793

Example table: Single pensioner at age 65 from 1 August 2022 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2022. The municipal tax rate is 20.01 and the pensioner’s medical care contribution is 1.5. 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.

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
062825888600,0886
10060817888600,0886
20055812888600,0886
3005087888600,0886
4004582888600,0886
500408090800,0908
600358095800,0958
7003080100800,01008
80025801058181,71040
90020801108373,31071
100015801158564,81102
110010801208766,31131
12005801258977,71161
13008013081179,01191
140000140015511,11245
150000150019613,01304
180000180031617,51484
210000210043120,51669
240000240055323,01847
300000300077825,92222
4000004000120730,22793

Example table: Married or cohabiting pensioner at age 65 from 1 August 2022 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2022. The municipal tax rate is 20.01 and the pensioner’s medical care contribution is 1.5. 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.

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).