Employees’ pension contribution will be harmonised in 2026
The increased pension contribution and the higher accrual rate for employees aged 53–62 will be eliminated in 2026. From the beginning of the year, the contribution will be the same for employees of all ages: 7.30 per cent of the wage, regardless of age.
In 2025, the employee’s contribution is 7.15 per cent of the wage for those under 53 years of age and those over 62 years of age and 8.65 per cent for those between 53 and 62 years of age.
Employees’ pension contribution percentage will be the same for all from 2026 onward
The transition period for the 2017 pension reform will end in 2025. As a result, the increased pension contribution and the higher accrual rate for employees aged 53–62 will be eliminated. When the increased pension contribution is discontinued in 2026, its impact (0.3 per cent of the TyEL payroll) will equally affect the employer’s pension contribution and the pension contributions of employees of all ages. The contribution will be the same for all employees aged 17–68, 7.30 per cent of their wages.
Until now, the pension contribution of employees aged 53–62 has been higher than that of other age groups, and correspondingly, they have accrued pension at a higher accrual rate. Compared to 2025, the pension contribution of employees under the age of 53 and over 62 will increase by 0.15 percentage points and the contribution of those aged 53–62 will decrease by 1.35 percentage points.
The employer’s contribution will be on average 17.10 per cent of the payroll next year.
Read more on the TELA website (tela.fi, in Finnish)
Employers, payroll clerks: take the change into account in time
Please ensure that your company’s payroll also takes the change into account. The elimination of the increased pension contribution will affect the pension contribution of your 53–62-year-old employees. You should charge your employees of all ages the same amount of pension contributions from the beginning of 2026.
We will organise a webinar to provide further information on the changes at the turn of the year
We will organise a free webinar aimed at those working in financial management and payroll on 27 November 2025. Read more and sign up (in Finnish)
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