The Finnish Ministry of Social Affairs and Health has confirmed the occupational pension insurance contributions for the private sector for 2025.

The average total contribution for next year will be 24.85 per cent of salary. The 2025 levy and the repayment instalment of the rebate are 0.04 percentage points higher than in 2024.

Broken down, employees will pay 7.15 per cent, and the increased contribution for those aged 53-62 will be 8.65 per cent – the same as in 2024. The average employer contribution in 2025 will be 17.38 per cent.

This contribution rate includes a final repayment of the 0.45 percentage point reduction from 2020, when employer contributions were temporarily cut due to the Covid-19 pandemic and the interest rate crisis.

From 1 May 2020, the occupational pension contribution rate was reduced by 2.6 percentage points until the end of that year. To compensate for this, employer contributions are increased from the normal rate between 2022 and 2025.

The occupational pension insurance contribution under the Employees' Pensions Act (TyEL) is determined according to the calculation criteria laid down by the Ministry of Social Affairs and Health.

Furthermore, the ministry has also fixed the occupational pension contribution under the Entrepreneurs' Pension Act and the basic rate under the Agricultural Entrepreneurs' Pension Act for 2025.

Next year, the basic rate under the Farmers' Pension Act and the contribution rate under the Entrepreneurs' Pension Act will be 24.1 per cent and the increased rate for those aged 53-62 will be 25.6 per cent.

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