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Current news for pensioners and benefit recipients
There are a few important things to consider at the turn of the year for everyone receiving pensions and benefits. These include, for example, taxation and notification letters. Read more about the instructions below and welcome the new year 2027 with peace of mind.
You will find your notification letter in December under the Documents tab in Elo's online service for private customers. The notification letter contains information about the pension paid in 2026 and the amount of the pension for 2027. In the online service, you can also manage other pension matters, such as adopting the paperless service.
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Earnings-related pensions will increase by approximately 2,6 % on January 1, 2026
The Ministry of Social Affairs and Health has confirmed the earnings-related pension indices for 2026.
The earnings-related pension index for next year is 3´184. This means that earnings-related pensions will increase by approximatel 2,58 percent at the beginning of next year compared to 2026.
The increase applies to everyone receiving an earnings-related pension at the turn of the year, regardless of the type of pension, provided the pension started by December 1, 2026.
Payment dates for pensions and rehabilitation allowances
| Month | Payment Date |
| January | 2.1.2027 |
| February | 2.2.2027 |
| March | 2.3.2027 |
| April | 1.4.2027 |
| May | 4.5.2027 |
| June | 1.6.2027 |
| July | 1.7.2027 |
| August | 3.8.2027 |
| September | 1.9.2027 |
| October | 1.10.2027 |
| November | 2.11.2027 |
| December | 1.12.2027 |
The 2027 tax card is valid starting from January
Notification letters
The notification letter contains information about
- the pension or benefit paid in 2026 and
- the amount of the pension or benefit in January 2027.
The payment information in the notification letter is based on the data at the time of sending, so it may change, for example, if taxation changes during 2027.
Notification letters for pension and benefit recipients residing in Finland
The notification letters will be sent from Elo during December this year. If the notification letter is delivered to you only electronically, you will receive a text message from us at Elo when your notification letter is available in the online service for private customers. The letter can be found under the Documents tab.
Notification letters sent by post will be sent at the end of December to pension and benefit recipients residing in Finland.
Notification letters for those residing abroad
We will send the notification letters to pension recipients residing abroad in January 2027. We will not ask you to submit a residence notification if you use Elo’s Online Service for private customers between 8 October 2026 and 8 January 2027.
Practical guidelines for taxation at the turn of the year 2026/2027
Instructions for pensioners
- Elo will receive your tax rate for 2027 from the Tax Administration. You do not need to report your tax rate to Elo yourself.
- Your January pension will be paid with the tax rate for the year 2027.
- You can see the amount of your January pension with the tax rate calculated by the Tax Administration in the online service for private customers starting December 27, 2026.
If your pension was granted on or after November 1, 2026:
- Order a tax card calculated for the pension for 2027 in December 2026, as we do not receive it directly from the Tax Administration. Additionally, you will need your own tax card for the tax year 2026 if you receive a pension during 2026.
- You can order a new tax card at www.vero.fi/OmaVero
- Indicate that the payer is the Employment Pension Company Elo, so the Tax Administration will send the tax card to us at Elo.
- If too much tax is withheld from your pension starting January 1, 2027, we will refund the excess amount to you as a tax refund approximately one week after the tax card arrives at Elo.
Tax and account changes related to the payment of the January 2027 pension must be with Elo by December 29, 2026.
Instructions for benefit recipients
- Request a tax card calculated for the benefit for 2027 from the Tax Administration by December 27, 2026. Tax cards will take effect at the beginning of the year, on 1 January 2027. Your benefit for January will therefore be paid using your 2027 tax rate.
- Indicate that the payer is the Employment Pension Company Elo, so the Tax Administration will send the tax card to us at Elo.
- Without a tax card for 2027, we will withhold tax from the benefit amount depending on the amount, ranging from 20-30%, and once the benefit tax card is received, we will refund the excess tax withheld.
- Check the year-end notification letter you receive at the end of December.