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Turn of the year for pension recipients

16.12.2019

At the turn of the year we will send pension recipients a notification on pension payments. The annual notification includes the amount of pension on 1 January 2020, pension paid in 2019 and the amount of income tax and capital gains tax if the contract contains pension subject to capital gains tax. You can also see up-to-date information on your pension in Mandatum Life’s Web Service.

Annual notifications are available in the Web Service under ‘Archive’. If you have opted for the paperless service, the annual notifications will not be mailed to you. You can read the notifications in the Web Service’s archive.

Tax percentages for 2020

We will receive the new income and capital gains tax percentages for pensions directly from the tax authorities in January and they will enter into force as of 1 February 2020. Your information is available on Mandatum Life’s Web Service and you do not need to send your tax card to us.

If you wish, you can change the tax percentage for your pension:

- If you wish to reduce your tax percentage, contact the Tax Administration.
On the Tax Administration’s OmaVero site, you can manage practically all of your tax matters online at the address www.vero.fi/omavero. More information is also available by phone at 029 497 000.

- If you wish to raise your tax percentage, you can notify Mandatum Life directly by sending us a message on the Web Service or by contacting our customer service.

Change in the calculation method for pension tax percentages

The Tax Administration has informed us that, in future, a single pension percentage will be calculated for pensions, except for part-time pensions.

More information is available at: www.vero.fi or by phone at the Tax Administration’s number 029 497 000.