Increased daily allowances starting August 1, 2022
An extra index amendment will be made to affect social security benefits linked to the National Pensions Index on August 1, 2022. As a result, daily allowances, among other, will increase from € 34,50 to € 35,72.
In addition to the basic daily allowance, this extra index amendment will affect the amounts of increased component applicable to basic daily allowance, labour market subsidy, increased component applicable to labour market subsidy as well as child increases. Accordingly, income-related unemployment daily allowances, job alternation compensations, start-up grants and commuting and relocation allowances will also increase. In other words, the index amendment will increase the basic component equalling the basic daily allowance, which is used to calculate income-related daily allowances.
Index amendments are typically made at the turn of the year. However, this spring the Finnish Parliament approved a legislative initiative, based on which benefits linked to the National Pensions Index will increase by 3,5 percent now in August. The purpose of this extra index amendment is to safeguard benefit receivers’ solvency as inflation accelerates.
The below table shows how benefit levels, amounts and decreases will change starting August 1, 2022. For more information, please visit the websites of the Finnish Government.