Earnings-related pensions will rise by approximately 1.5 per cent at the beginning of 2019
The Ministry of Social Affairs and Health has confirmed the indexes for earnings-related pension provision for the year 2019.
The earnings-related pension index in 2019 will be 2585. Compared to 2018, the earnings-related pension index will rise by approximately 1.5 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.
Spain’s new tax agreement to enter into force and Portugal’s tax agreement to end at the start of 2019
The new tax agreement between Finland and Spain will enter into force at the start of 2019. At the same time, the tax agreement between Finland and Portugal will end. This will affect the taxation of our pensioners living in Spain and Portugal.