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 775.70 euros per month (2024). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 692.54 euros (2024).

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 65.62 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 1 601.21 per month. If you are married or live in a domestic partnership or a registered partnership the amount is 1 434.88 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. As for earnings-related pensions, any old-age, disability, years-of-service and survivor’s pension you may receive under the earnings-related pension system affect the amount of your guarantee pension. You will get the full guarantee pension of €976.59 (2024) 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/monthTaxes and contributions % of gross pensionNet pension e/month
077620197700977
10075911897700977
2007096897700977
3006591897700977
40060901009001009
50055901059001059
60050901109001109
700459011591111147
80040901209312,61177
90035901259524,11207
100030901309725,51236
110025901359936,81266
12002090140911381295
1300159014591349,21325
14001090150915410,21354
1500590155917511,21384
180000180027115,11529
210000210036617,41734
240000240047519,81925
300000300069723,22303
4000004000114828,72852

Example table: Single pensioner at age 65 in 2024 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2023. The municipal tax rate is 7.46 and the pensioner’s medical care contribution is 1.48. 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
069328497700977
10067520197700977
20062515197700977
30057510197700977
4005255197700977
500475097500975
60042501025001025
70037501075001075
80032501125001125
90027501175181,51158
100022501225383,11187
110017501275594,61217
1200125013257961246
130075013751007,21276
140025014251208,41305
1500001500151101349
180000180027115,11529
210000210036617,41734
240000240047519,81925
300000300069723,22303
4000004000114828,72852

Example table: Married or cohabiting pensioner at age 65 in 2024 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2023. The municipal tax rate is 7.46 and the pensioner’s medical care contribution is 1.48. 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).