National and guarantee pensions supplement small earnings-related pensions

For the majority of retirees living in Finland, the earnings-related pension is the main source of income. The pension can consist of different components: the earnings-related pension, the national pension, the guarantee pension and a pension from abroad.

If you have earned no or only a small earnings-related pension, you may get a national pension.

The full national pension (old-age pension in the form of a national pension) is 775.70 euros per month (2024). If you are married or live in a domestic partnership or a registered partnership, your full national pension is 692.54 euros (2024).

The national pension is reduced as your earnings-related pension grows. The national pension is payable at its full amount only if you receive no earnings-related pensions or if their combined amount before taxes is 65.62 euros per month or less. To get a national pension, you have to be covered by Finnish social security. You must also have lived in Finland for at least 3 years since your 16th birthday.

When the earnings-related pension reaches a certain level the national pension is no longer granted. Earnings-related pension which no longer entitles to a national pension is 1 601.21 per month. If you are married or live in a domestic partnership or a registered partnership the amount is 1 434.88 euros.

The guarantee pension offers you a minimum pension. All other pensions that you receive in Finland and from abroad affect the amount of the guarantee pension that you may receive. As for earnings-related pensions, any old-age, disability, years-of-service and survivor’s pension you may receive under the earnings-related pension system affect the amount of your guarantee pension. You will get the full guarantee pension of €976.59 (2024) only if you do not receive any other pensions.

Total pension: Examples of national and guarantee pensions

In the following examples, the national pension and the guarantee pension have been calculated under the assumption that all earnings-related pension income reduces the national pension.

The earnings-related pension has been adjusted with the life expectancy coefficient. The total pension is combined earnings-related, national and guarantee pensions that they receive per month. Taxes have been calculated assuming that the person’s monthly income has been of the same amount throughout the year.

Single pensioner

Earnings-related pension e/month	National pension e/month	Guarantee pension e/month	Total pension e/month	Net pension e/month	Taxes and contributions e/month	Taxes and contributions % of gross pension
0	776	201	977	977	0	0
100	759	118	977	977	0	0
200	709	68	977	977	0	0
300	659	18	977	977	0	0
400	609	0	1009	1009	0	0
500	559	0	1059	1059	0	0
600	509	0	1109	1109	0	0
700	459	0	1159	1147	11	1
800	409	0	1209	1177	31	2,6
900	359	0	1259	1207	52	4,1
1000	309	0	1309	1236	72	5,5
1100	259	0	1359	1266	93	6,8
1200	209	0	1409	1295	113	8
1300	159	0	1459	1325	134	9,2
1400	109	0	1509	1354	154	10,2
1500	59	0	1559	1384	175	11,2
1800	0	0	1800	1529	271	15,1
2100	0	0	2100	1734	366	17,4
2400	0	0	2400	1925	475	19,8
3000	0	0	3000	2303	697	23,2
4000	0	0	4000	2852	1148	28,7

Example table: Single pensioner at age 65 in 2024 (Excel, xlsx)

Taxes and comparable payments have been calculated according to the final taxation in 2023. The municipal tax rate is 7.46 and the pensioner’s medical care contribution is 1.48. The Church tax rate has been excluded from the calculation.

A public service broadcasting tax of 2.50 per cent, or a maximum of 163 euros per year, is levied on the pension. The taxation has been calculated assuming that the person has no other income than the earnings-related, national and guarantee pensions.

Earnings-related pensions also include components which do not reduce the national pension. They include, for example, the increase for late retirement.

National pensions and guarantee pensions drawn before the age of 65 are reduced for early retirement by 0.40 per cent per month taken early.

Married or cohabiting pensioner

Earnings-related pension e/month	National pension e/month	Guarantee pension e/month	Total pension e/month	Net pension e/month	Taxes and contributions e/month	Taxes and contributions % of gross pension
0	693	284	977	977	0	0
100	675	201	977	977	0	0
200	625	151	977	977	0	0
300	575	101	977	977	0	0
400	525	51	977	977	0	0
500	475	0	975	975	0	0
600	425	0	1025	1025	0	0
700	375	0	1075	1075	0	0
800	325	0	1125	1125	0	0
900	275	0	1175	1158	18	1,5
1000	225	0	1225	1187	38	3,1
1100	175	0	1275	1217	59	4,6
1200	125	0	1325	1246	79	6
1300	75	0	1375	1276	100	7,2
1400	25	0	1425	1305	120	8,4
1500	0	0	1500	1349	151	10
1800	0	0	1800	1529	271	15,1
2100	0	0	2100	1734	366	17,4
2400	0	0	2400	1925	475	19,8
3000	0	0	3000	2303	697	23,2
4000	0	0	4000	2852	1148	28,7

Example table: Married or cohabiting pensioner at age 65 in 2024 (Excel, xlsx)

Earnings-related pensions also include components which do not reduce the national pension. They include, for example, the increase for late retirement.

National pensions and guarantee pensions drawn before the age of 65 are reduced for early retirement by 0.40 per cent per month taken early.

For more information on the national and the guarantee pensions, contact the Social Insurance Institution of Finland (Kela).

Updated 23.7.2024