Would you like to raise the tax rate on your pension?
From the beginning of February, we will withhold tax from pensions according to the 2017 tax percentage reported by the Finnish Tax Administration. If you would like to pay a higher withholding tax rate than what the tax authorities have informed you of, you can notify our pension payments department of the higher tax rate by phone or in writing. If you contact us by the 25 January 2017, we will be able to use the higher tax rate as the withholding rate for your pension as of February.
Mailing of annual letter to pension recipients has begun in the middle of December
Varma’s pension recipients will receive a personal letter in December or January stating the amount of their index-adjusted pension and withholding tax as of 1 January 2017. The letter will also state the total amount of the pensions that have been paid and the tax that has been withheld in 2016, as well as the pension payment dates for 2017.
The adjusted earnings-related pension index will increase current pensions by approximately 0.59% at the start of 2017.
Every year along with the annual letter, Varma sends a residence report to be completed by our pensioners who live permanently outside of Finland. The report should be completed, signed and returned to us as soon as possible to ensure that the payment of pension is not interrupted. The residence report must be returned to us, even if the pensioner’s circumstances have not changed from the previous year. The residence report can now for the first time be confirmed on our eServices. This will speed up the handling of the residence report. The residence report can now for the first time be confirmed on our eServices. This will speed up the handling of the residence report. Varma's eServices are available for pensioners living abroad, provided that they have personal Finnish banking codes or a mobile certificate required for logging in to our service.
Earnings-related pensions will rise by approximately 0.6 per cent at the beginning of 2017
The Ministry of Social Affairs and Health has confirmed the indexes for earnings-related pension provision for the year 2017.
The earnings-related pension index in 2017 will be 2534. Compared to 2016, the earnings-related pension index will rise by approximately 0.6 per cent. The earnings-related pension index is used to adjust earnings-related pensions in payment. When calculating the earnings-related pension index, the changes in price level weigh 80 per cent and the changes in wage-earners’ income level 20 per cent.
New eServices for our pensioners living abroad
As of 16 April 2016 can pensioners who live outside of Finland also access their own pension information, change their bank account and contact details and print out certificates by logging in with their Finnish banking codes or a mobile certificate. Log in to view and change your personal details.