Pension taxation

• For pensions and rehabilitation allowance, we need a tax card. Order a tax card from the tax authority immediately after receiving the pension decision.
• The pension tax card must be valid from the start of the pension.
• When you have ordered a tax card, the tax authorities will submit it directly to Varma.
• If we have not received your pension income tax card when your pension begins, we will have to withhold 40% tax on your pension. If the amount of your pension increases by more than 20 euros, the tax on the increase is 40%.
• We will refund any excess tax withheld from your pension as soon as possible after you have received the pension income tax card from the tax authority.

• From the MyTax service at vero.fi/omavero
• From the Finnish Tax Administration’s service number at 029 497 050 or
• from a Finnish tax office.

The Tax Administration recommends that its customers primarily use the online service. When you order a tax card, the tax authorities will send it directly to Varma. 

To obtain a tax card, you are required to have:

• a pension decision
• information about your earnings at the start of the year, withholding tax and deductions.
  

• Once your pension begins, we request a new tax rate from the tax authorities every year. If your pension begins on 1 November or 1 December, we will not receive the tax card for the following year automatically from the Tax Administration. Therefore, if you have retired late in the year, you need to order a new tax card for the pension for the following year as well.
• We inform the Incomes Register about the pension payments you have received and the taxes that have been withheld on them.
• If you live outside of Finland permanently and it has been 3 years since you left Finland, we will request a tax card for limited tax liability from the Finnish tax authorities for your pension.