Working Hours
Employees can work up to 8 hours a day, or a maximum of 40 hours per week.
Minimum Wage
There is no statutory minimum wage in Finland, though collective bargaining agreements establish minimum wages for specific workers.
For the purposes of a residence permit for an employed person, there is an applicable minimum wage limit. Effective 1st January 2025, the minimum wage for a residence permit for an employed person is EUR 1,600 per month.
Employee Tax
Annual income | Tax rate |
---|
Up to EUR 19,200 | 0% |
EUR 19,201 - 28,700 | 6% |
EUR 28,700 - 47,300 | 17.25% |
EUR 47,300 - 82,900 | 21.25% |
More than EUR 82,900 | 31.25% |
Health insurance contribution | Daily allowance contribution: 0.84% if income is at least €16,862 p.a. 0% if income is below €16,862 p.a. Medical care contribution: 1.06 % . |
Pension contribution | - 7.15% of earnings for those aged 17-52.
- 8.65% of earnings for those aged 53-62.
- 7.15% for those over the age of 63.
|
Unemployment insurance contribution | 0.59% |
Bonuses
There are no statutory bonus schemes in Finland, but holiday bonuses are contracted in many collective bargaining agreements. This is usually equal to 50% of the employee’s gross salary, and is paid on return to work from their annual vacation.