News 29.10.2024

Pensioner, the 2025 tax card goes into effect already in January

Next year, tax cards for pensioners and employees will enter into force as early as 1 January 2025. The change will come into effect automatically for our pensioners, and you don't have to worry about it.

The Tax Administration will make the change to make it easier to monitor income limits. When the tax card is valid for the entire 12 months of the calendar year at a time, the taxpayer does not need to order new tax cards throughout the year.

In previous years, the new tax card did not enter into force until the beginning of February.

Read more about the taxation of pensions

Are you just about to retire?

Pensions are taxable income just as other earnings are. Therefore, we require your tax card for pension income. Apply for a pension tax card from MyTax immediately once you have received the pension decision from us. In the following years, we receive the tax card annually directly from the Tax Administration.

When you retire on an old-age pension, you can order a pension tax card already after receiving a temporary pension decision.

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News 23.6.2026

Agreement reached on YEL reform  – a proposed freedom of choice model for pension contributions

The Ministry of Social Affairs and Health has released a draft government proposal to reform the Self-Employed Persons’ Pensions Act (YEL). Under the proposed reform, your pension contributions and benefits would be based on either your taxable earned income from your most recent completed tax assessment, or a confirmed income (as today) based on an overall assessment of your work input.

Agreement reached on YEL reform  – a proposed freedom of choice model for pension contributions

Press release 13.2.2026

Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion

Ilmarinen’s investment assets increased to EUR 67.5 billion. Solvency continued to strengthen and cost-effectiveness is at a good level. Ilmarinen’s investments have generated a total of EUR 30.2 billion over a period of 10 years. Twenty per cent of the investments are in Finland.

Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion
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