2018 tax percentage for pension recipients to be applied as of 1 February
The pension taxation percentages calculated according to the 2018 tax bases will take effect on 1 February 2018. As a result of this, the amount of pension paid into your account may change from the beginning of February.
Our pension recipients can check the amount of pension that will be paid to them next month using their Finnish online banking codes or a mobile certificate on Varma’s eServices.
Pension recipients living abroad must return their residence reports by 15 February
If you live permanently abroad and you received a residence report form together with the annual letter we sent you in December or early January, please return the filled in and signed residence report to us by 15 February. This will ensure that the payment of your pension continues uninterrupted. The residence report must be returned with your signature even if your circumstances have not changed from the previous year. The residence report can also be confirmed on our eServices. This will speed up the handling of the residence report.
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 2018. The letter will also state the total amount of the pensions that have been paid and the tax that has been withheld in 2017, as well as the pension payment dates for 2018.
The adjusted earnings-related pension index will increase current pensions by approximately 0.6% at the start of 2018.
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 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 2018
The Ministry of Social Affairs and Health has on 26 October confirmed the indexes for earnings-related pension provision for the year 2018.
The earnings-related pension index in 2018 will be 2548. Compared to 2017, 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.
Further information on the website of the Ministry of Social Affairs and Health (in Finnish)
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.
Read more about the new eServices (pdf)