Payment of pension to countries other than Finland

• Your pension can be paid to your foreign bank account. For that, we require your international IBAN account number and your bank’s BIC or SWIFT code, which your bank can provide you with.
• If the pension is paid to a foreign account, we will pay the pension in the currency of the destination country.
• If you want the pension to be paid in euros, you can inform us of it in the online service on the Messages and documents page or via secure e-mail.

Varma pays pensions abroad always through a Finnish bank. The bank transfers the pension abroad usually in the currency of the receiving country. If the pension is paid to a country outside the EU and EEA, the Finnish bank will charge a commission on the pension. The foreign receiving bank may charge fees even if the pension is being paid to an EU or EEA country. Contact your foreign bank directly for information about the amount of the fees charged.

You can change your account number yourself in our online service (you need Finnish banking codes or a mobile certificate to log in) or send the information to us by post.

You can print out and post the notification of a changed bank account form or send it to Varma by the “turvaposti” email encryption service. Notify us of your account number in IBAN format and the SWIFT/BIC code, and sign the notification of a changed bank account. Your bank account details cannot be given over the phone or via email, because the notification of a changed bank account must contain the pensioner’s signature.

Notification of a changed bank account form

If you are spending your retirement days abroad, be sure to inform Varma of your foreign address in our online service (you need Finnish banking codes or a mobile certificate to log in), by email or by letter. If you are moving abroad permanently and you have filed a notification of a change of address with the Finnish authorities, be sure to also inform Varma of the date on which you are moving. The move could affect the taxation of your pension.

Be sure to inform Varma if your address changes while you are living abroad. It is important that we always have your current address so that we can send you a residence report to be completed every year.

If you move back to Finland permanently, you must once again inform Varma of your new address.

If you are living abroad permanently, you must annually confirm to us your information using the residence report. Pensioners living abroad receive the annual letter by post. The letter also includes a residence report, which must be completed and signed and returned to Varma. We use the residence report submitted at the beginning of each year to verify the information of our pensioners living abroad in order to avoid making undue pension payments.

You must submit your residence report by the date indicated in the letter even if your circumstances have not changed from the previous year.

We will suspend the payment of pension if we do not receive your residence report. According to the Employees Pensions Act (TyEL section 113, paragraph 2): If the pension provider has reason to suspect that the pension recipient no longer meets the entitlement criteria for the pension, the pension provider may suspend the payment of the pension. We will resume the payment of pension as soon as we receive your residence report.

If you do not have personal banking codes you can also send a secure email. Send the signed notification of a changed bank account form, residence report or free-form letter securely to Varma.

1. Begin by selecting a subject below.
2. Enter your own email address as the sender. Press Continue.
3. Write your personal identity code in the subject line. Just put an empty space in the Message field, no text. Include the required attachments. Make sure that your personal identity code is included in the attachments as well. Press Send.

Please note that we will not reply to your message.

Select a subject:

Residence report

Other document

Log in to Varma Online Service to update your information, if you have Finnish banking codes