Eläketulon

Eläketulo refers to income received from a pension. In Finland, this typically includes statutory earnings-related pensions, such as those earned through employment, and national pensions, which are a basic safety net for those who have not earned sufficient pension benefits. Pension income can also include voluntary pension insurance schemes.

The taxation of pension income in Finland is a significant aspect of the Finnish tax system. Pensioners pay income tax on their pension benefits, similar to wage earners. However, there are specific deductions and tax brackets applicable to pension income. The amount of tax paid depends on the total amount of pension income received and other potential income sources.

The Finnish Centre for Pensions (Eläketurvakeskus) is a key organization responsible for the administration and development of the earnings-related pension system. They provide information on pension accrual, pension types, and the legal framework surrounding pensions. For national pensions, the Social Insurance Institution of Finland (Kela) is the primary authority.

Changes in pension legislation and economic conditions can affect the amount of eläketulo and its purchasing power. Understanding the specifics of Finnish pension income is crucial for individuals planning for retirement and for understanding the social security system. The system aims to provide a reasonable standard of living for retirees based on their past contributions and national solidarity.