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 628.85 euros per month (in 2019). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 557.79 euros (in 2019). The national pension is reduced as your earnings-related pension grows.

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 (€784.52/month in 2019) only if you do not receive any other pensions.

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.

Single pensioner
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
062915678500785
1006077878500785
2005572878500785
300507080700807
400457085700857
500407090700907
600357095781949
70030701007273980
800257010574641011
900207011076561042
1000157011578471072
11001070120710491102
12005701257125101132
1300001300142111158
1400001400183131217
1500001500224151276
1800001800344191456
2100002100457221643
2400002400561231839
3000003000808272192
40000040001248312752

Taxes and comparable payments have been calculated according to the final taxation in 2019. The municipal tax rate is 19,88 and the pensioner’s medical care contribution is 1.61. 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.

Married or cohabiting pensioner
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
055822778500785
10053614978500785
2004869978500785
3004364978500785
400386078600786
500336083600836
600286088600886
700236093600936
8001860986192967
90013601036384998
100086010865751029
110036011367671059
120000120010281098
1300001300142111158
1400001400183131217
1500001500224151276
1800001800344191456
2100002100457221643
2400002400561231839
3000003000808272192
40000040001248312752

Taxes and comparable payments have been calculated according to the final taxation in 2019. The municipal tax rate is 19.88 and the pensioner’s medical care contribution is 1.61. 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).