Taxation of pensions

Turn of the year and pension taxation 2026

2026 tax card effective in January

If your pension was already being paid before October 30, 2025, we will automatically receive your tax rate for 2026 from the tax authority. The tax card will be valid starting January 1, 2026. The tax authority will take the earnings-related pension index adjustment into account when determining the tax rate.

Do I need to order a new tax card for 2026?

We will automatically receive the tax card at the turn of the year for most pension recipients, but there are situations where you should order it yourself. Order a new tax card for 2026 if:

• you receive or have received a pension decision between October 30, 2025, and December 31, 2025, or
• you have received a new pension decision, and your pension amount increases, or you have been granted another pension alongside your previous one.

Order a tax card for pension for 2026 if, for example: your partial old-age pension changes to an old-age pension, you have been granted a lump-sum increase, you have applied for pension accrued alongside your current pension, or you have been granted a survivors’ pension.

I want to increase my tax rate for 2026

If you want more tax withheld from your pension than what the tax authority has reported to us; you can raise your withholding rate in our online service under the “My Information” section.

My tax rate was too high in 2025

We can refund taxes for the 2025 calendar year if we receive a new tax card from the tax authority by December 29, 2025.

Your pension in 2026

You can see the amount of your pension for the coming year, the payment dates and information on the amount of tax withholding from the MyPension service on our website. You can also download a certificate of your pension amount from the service. Read more about your pension in 2026

Apply for a pension tax card right away

Apply for a pension tax card immediately once you have received the pension decision from us. You cannot use your old tax card for earned income.

Apply for the pension tax card from the tax authority. For this you need the following:

1. the pension decision you received from us
2. information on your income, tax withheld and deductions since the start of the year

You can apply for a tax card on the tax authority’s website (vero.fi).

Once you have applied for a tax card, no actions are required from you; the tax authority will send your tax card to us.

What happens if we haven't received your pension tax card

In the unfortunate event that you do not apply for a pension tax card in time, we will have to withhold 40 per cent tax on your pension. The overpaid tax will be paid back into your account once you have applied for a tax card and we have received it from the tax authority. The sum will arrive into your account within around a week. Please note that we can only refund taxes in the year that we withheld them.

When the amount of pension changes

The amount of your pension may change for three reasons.

Firstly, because the earnings-related pension index changes. It changes at the beginning of January every year. Your pension will then change automatically, and no actions are required from you. You’ll be able to see the amount of your pension for the next year in our MyPension service in December. The service is currently only available in Finnish and Swedish. You can find the information under Omat tiedot in the Finnish version of the service.

Your net pension may also change due to a change in the tax percentages. They change at the beginning of February every year. You do not need to send us a new tax card; the tax authority will do it automatically for you. Please note that if you receive a pension decision at the end of October or later, you need to apply for a tax card for the following year yourself.

The amount of your pension may also change if you receive a new pension decision. Check to see whether you need to change the tax percentage on the tax authority’s website at vero.fi.

Also apply for a new pension tax card if you wish to decrease your tax percentage. If you wish to increase your tax percentage, you can do it in our MyPension service.

We will report your pension income to the incomes register

In our MyPension service, you can find a pension payments history stating how much pension you’ve received and how much tax we have withheld on it. Currently it is possible to have the certificate only in Finnish or Swedish. We will also report the amount of pension you have received, i.e. your pension income, to the incomes register.