Interruption in e-services on 26 September 2021 between 00:00 and 11:00, affecting the following identification method: OP More information
No appointment confirmation, change or cancellation messages will go out to customers between 05:00 and 20:00 on 25 September 2021 More information
Interruption in online customer service 25 September 05:00-20:00 More information
The purpose of the guarantee pension is to provide residents of Finland with a minimum pension (EUR 837.59 per month) if their total pension incomes before taxes are less than EUR 830.82 per month. However, the income limit and the minimum pension are lower if the recipient has taken early retirement on an old-age pension.
A full guarantee pension is payable only if you have no other pension income.
The amount of the guarantee pension is reduced by any other pension income the recipient may receive from Finland or from abroad. Other pension income is deducted fully from the full amount of the guarantee pension. The Act on Guarantee Pensions includes a detailed list of the pensions deducted from the guarantee pension. These pensions include, for instance, earnings-related pension, national pension, spouse's pensions and pensions payable under a statutory workers compensation scheme.
The guarantee pension is not reduced by
- care allowance for pensioners
- front-veteran’s supplement
- child increase to the pension
- earnings (exception: earnings affect the guarantee pension for persons who receive a disability pension and for persons who receive a guarantee pension on the grounds of incapacity for work)
- capital income
- informal care allowance paid by the municipality.
In addition to the disability pension, you can earn a maximum of EUR 837.59 per month (in 2021) without any effect on the further payment of the disability pension or guarantee pension. The earnings limit for the guarantee pension also concerns persons who are permanently blind or unable to move.
Just as other pensions, the guarantee pension affects both the amount of housing allowance payable and the amount of social assistance being paid to a family.