eläkesäästö

Eläkesäästö refers to the accumulated funds set aside by an individual for their retirement income in Finland. This can encompass various forms of savings, including voluntary pension insurance, mutual fund investments, savings accounts, and other assets designated for post-employment financial security. The primary goal of eläkesäästö is to supplement the statutory earnings-related pension, which is provided by national pension schemes, to maintain a desired standard of living during retirement.

The Finnish social security system provides a baseline pension, but many individuals choose to build additional eläkesäästö to ensure financial comfort in their later years. Factors influencing the need for and amount of eläkesäästö include expected retirement age, desired income level, personal financial circumstances, and individual risk tolerance for investments. Various financial institutions and insurance companies offer products and services designed to facilitate eläkesäästö, often with tax incentives to encourage participation. Planning and consistent saving are key components of building sufficient eläkesäästö to meet long-term retirement needs.