Payment of pension and payment dates
Your pension will be paid into your account on the first banking day of each month. You can view the amount of your pension, the withholding of tax and the payment date in Ilmarinen’s MyPension service.
Where is pension paid to and when?
Your first pension will be paid into your account within around one week of having received a pension decision from us. If your pension has not yet begun, the pension will be paid into your account on the first banking day of the month in which your pension starts. A banking day means a day during which banks are open.
Thereafter, your pension will be paid into your account once a calendar month, always on the first banking day of the month. If the first day of the month is a Saturday or a public holiday, the pension will arrive in your account on the following weekday. The payment date cannot be postponed to the previous month, as the right to a pension arises on a monthly basis and according to the law, occupational pension can only be paid once a month.
Pension payment dates
| Month | Payment date |
|---|---|
| January | 2.1.2023 |
| February | 1.2.2023 |
| March | 1.3.2023 |
| April | 3.4.2023 |
| May | 2.5.2023 |
| June | 1.6.2023 |
| July | 3.7.2023 |
| August | 1.8.2023 |
| September | 1.9.2023 |
| October | 2.10.2023 |
| November | 1.11.2023 |
| December | 1.12.2023 |
Change of account number or address
If your account number changes, report your new account number to us in our MyPension service. You may also send us your new account number in a letter that includes your personal identity code and signature.
You do not need to do anything if your address changes. We will receive the information on your new address from the Digital and Population Data Services Agency within around one month. If you wish, you can inform us of your new address in our MyPension service. The trustee must notify Ilmarinen of any change of address.
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Taxation of pensions
The pension is taxable income like other earnings.
Read more about taxation of pensions -
Payment of pension to foreign countries and taxation
A pension can also be paid to a foreign bank account. The taxation of pension paid to a foreign country depends on how long you have lived abroad.
Read more
If your retirement starts retroactively
We will also pay your pension retroactively. If you have received any other benefit during this period from, for example Kela or the unemployment fund, we will find out from the payer whether the retroactive pension will be paid to them in part or in full.