Our eServices will be unavailable at the turn of the year, between 29 December and 1 January
We are developing our online service. For that reason, the service will be closed for a few days, starting on 29 December. Please take care of any urgent pension matters before the service is closed.
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 2019. The letter will also state the total amount of the pensions that have been paid and the tax that has been withheld in 2018, as well as the pension payment dates for 2019.
The adjusted earnings-related pension index will increase current pensions by approximately 1.5% at the start of 2019.
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 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.