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The Selkoraha blog
Clear guides and tips on Finnish personal finance: salary, taxes, Kela benefits, immigration, business and pension.
Salary and taxes
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How much of your salary is left in Finland 2026?
On a €3,000 monthly salary in Helsinki you keep about €2,440/month in 2026 (deductions 18.7%). How net pay is calculated: social contributions, taxes and reductions.
Holiday pay and holiday bonus (lomaraha) in Finland 2026
The holiday bonus (lomaraha) is typically 50% of holiday pay and based on the collective agreement, not the law. Leave accrues 2–2.5 days/month. How both are calculated in 2026.
Marginal tax in Finland 2026: how much of a pay rise do you keep?
On a €3,000/month salary you keep about €61 of a €100 rise. Marginal tax is 39–47% for middle earners. How extra income, overtime and bonuses are taxed in 2026.
Final pay in Finland 2026: loppupalkka and holiday compensation
Final pay 2026: holiday compensation is monthly salary / 25 × unused vacation days. Accrual of 2 or 2.5 days a month, the holiday bonus and taxation.
Immigration · Migri
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How long must you live in Finland for citizenship? (2026)
The residence period for Finnish citizenship in 2026: usually 8 years, 5 years with language skills or a Finnish spouse, 2 years for Nordic citizens. Table and conditions.
Family reunification income requirement in Finland 2026
How much income is needed for family reunification in 2026? The net threshold by family size and municipality: adult €1,210, child €610 in the capital region. Table and conditions.
Strong identification in Finland 2026: personal code and bank codes
To use Finnish e-services (Kela, Vero, Migri, a bank) you need a personal identity code and strong identification — usually online banking codes. How to get them in 2026.
Migri fees 2026: how much do a residence permit and citizenship cost?
A first residence permit costs €750 online in 2026 (€800 on paper), a citizenship application €550, an extension €230. Migri fees by application type, no VAT.
Kela and benefits
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What is yleistuki in 2026?
Yleistuki replaced the basic unemployment allowance and labour market subsidy on 1 May 2026. €37.21/day (about €800/month), means-tested. How it is calculated and what reduces it.
General housing allowance in Finland 2026: who gets it and how much?
The general housing allowance is 70% of accepted housing costs after the basic deductible. Single in Helsinki: max costs €563/month. How it is calculated in 2026 (rentals only).
Home care allowance in Finland 2026: how much for caring at home?
Home care allowance for a child under 3: care allowance €377.68/month + income-tested supplement up to €202.12/month, together up to about €580/month. Plus a municipal supplement in many areas.
How much does daycare cost in Finland in 2026?
The municipal daycare fee from 1.8.2026: at most 335 €/month, 10.7 % of income above the threshold, thresholds by family size, sibling discount. Tables and examples.
Business
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YEL insurance for new entrepreneurs 2026
The YEL contribution in 2026 is 24.40% of work income; new entrepreneurs get a 22% discount for 48 months (effective 19.03%). How work income affects the contribution and benefits.
Start-up grant (starttiraha) 2026: amount, duration and conditions
In 2026 the start-up grant equals the basic amount: €37.21/day, about €800/month gross. Up to 12 months, apply before starting. Taxable — set aside 20–30% for tax.
VAT in Finland 2026: rates and the registration threshold
Finland’s standard VAT is 25.5%, reduced rates 13.5% (food etc.) and 10% (press). The small-business VAT-registration threshold is €20,000/year. How VAT is added to a price in 2026.
Pension
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Retirement age by birth year in Finland 2026
Lowest old-age retirement age 2026 by birth year: born 1961 → 64y 9m, born 1962–1964 → 65y. Table, upper age limit and partial pension.
Pension accrual (TyEL) 2026: 1.5% a year and the life-expectancy coefficient
Earnings-related pension accrues at 1.5% of annual earnings: €40,000/yr gives about €50/month. The 2026 life-expectancy coefficient is 0.94643 and the deferral increment 0.4%/month.
Pension gaps in Finland 2026: which periods don’t accrue pension?
Earnings-related unemployment (75%), parental allowance (121%), home care and degree study accrue pension. Kela basic security (yleistuki), non-degree study and work outside the EU are pension gaps.
Partial early old-age pension (OVE) in Finland 2026
OVE 2026: draw 25 % or 50 % of your accrued pension before retirement age. Early reduction 0.4 %/month, up to 14.4 %. Age limits, formula and examples.
Loans and insurance
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Inheritance tax in Finland 2026 — how much do you pay?
Inheritance tax 2026: the tax-free threshold rose to €30,000 per heir, classes I and II, the scales, spouse and minor deductions. Tables and worked examples.
Gift tax in Finland 2026 — how much do you pay?
Gift tax 2026: the tax-free limit rose to €7,500 from the same donor over three years, classes I and II, the scales and cumulation of gifts. Tables and examples.
Mortgage and the loan cap in Finland 2026 — how much can you borrow?
Mortgages in 2026: the loan cap rose to 95 % on 30 June 2026, servicing costs capped at 60 % of net income, stress test at 6 % over 25 years. Examples and rules.
Property tax in Finland 2026 — how much do you pay?
Property tax 2026: permanent home 0.41–1.00 %, land 1.30–2.00 %, holiday home 0.93–2.00 %. How the tax is calculated and where to find your own rates.
Capital gains on selling a home in Finland 2026 — when is the gain tax-free?
Capital gains 2026: your own home is exempt after two years of residence, capital income tax 30/34 %, deemed acquisition cost 20 or 40 %. Worked examples.