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 2018). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 557.79 euros (in 2018). 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 (€775.27/month in 2018) 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
062914677500775
1006076977500775
2005571977500775
300507080700807
400457085700857
500407090700907
6003570957121944
70030701007313975
800257010575051006
900207011076961037
1000157011578881068
11001070120710991098
12005701257129101128
1300001300146111154
1400001400187131213
1500001500228151272
1800001800347191453
2100002100457221643
2400002400561231839
3000003000814272186
40000040001256312744

Taxes and comparable payments have been calculated according to the final taxation in 2018. The municipal tax rate is 19.86 and the pensioner’s medical care contribution is 1.53. 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
055821777500775
10053614077500775
2004869077500775
3004364077500775
400386078600786
500336083600836
600286088601886
700236093643931
8001860986235962
90013601036426993
100086010866181024
110036011368091055
1200001200105101095
1300001300143111157
1400001400181131219
1500001500219151281
1800001800334191466
2100002100444211656
2400002400547231853
3000003000800272200
40000040001243312757

Taxes and comparable payments have been calculated according to the final taxation in 2018. The municipal tax rate is 19.86 and the pensioner’s medical care contribution is 1.53. 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).