Current information for Veritas pension recipients

The turn of the year will, once again, bring some changes to pensions in payment. The majority of the changes will happen automatically and will not require any action on the part of pension recipients.

Index adjustment

Pensions in payment will be adjusted at the turn of the year by the earnings-related pension index. The earnings-related pension index increases each pension amount by about 1.3%. The index adjustment happens automatically, so there is no need to apply for the increase. If you receive a pension that has an earnings limit, the limit will also be adjusted with the relevant index.

Pension taxation

The new tax cards for 2025 will be applicable to pensions immediately from the start of January. We will inform the tax authorities of the index-adjusted pension amounts of our pension recipients for 2025 and the tax authorities will automatically send us new tax cards calculated on the basis of these amounts. The tax authorities also always notify the pension recipient of the valid withholding rate.

If you would like to increase your tax percentage, you can notify us of this by sending us a message through our online service. You can also call us. Our phone numbers are listed on our contact information page. Any changes other than an increase to the tax percentage must be handled directly with the tax authorities.

Pension taxation for pensions that started at the end of 2024

Tax percentage information for pensions that have started on 1 November 2024 or later is not automatically exchanged between Veritas and the tax authorities. In such cases, we will still need the customer to independently acquire and send us a new pension tax card for 2025. If this is your situation, you can order a tax card using the MyTax service or by calling the tax card service at 029 497 050. Once you have notified the tax authorities that Veritas Pension Insurance is your pension provider, they will send the tax card directly to us. Please note that if we do not have a valid calculated tax percentage for your pension, we will withhold taxes from your pension at a rate of 40%.

Information about changes will be sent to you by letter at the turn of the year or can be found in our online service

We will send all our pension recipients a letter containing their index-adjusted pension amount and the pension payment dates for 2025. The letter will also state the amount of pensions paid during 2024 and total amount of related withholding tax. If you receive a pension that has an earnings limit, the letter will also state the index-adjusted earnings limit for 2025. We will be sending out the year-end letters starting on 23 December 2024.

This year, we have expanded our online service, and an increasing amount of information related to your pension payments can be found there. Details about the upcoming changes can be found in our online service in accordance with the timetable below:

• The index-adjusted amount of your pension in 2025 can be found in our online service as of 27 November 2024. The index will be applied starting in January, with the first index-adjusted pension to be paid to your account on 2 January 2025.
• The tax card applicable for your pension in 2025 will be available in our online service by 10 December 2024.
• After 28 November 2024, you will be able to print a certificate showing your pension amount. A certificate that shows the total amount of pensions paid in 2024 will be available for printing from the start of January.
• The earnings limit for work done alongside pension during 2025 is already available in our online service.

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Pension payment dates for 2025

Pensions are paid on the first weekday of every month. Below, you will find the pension payment dates for 2025.