Employer

We have compiled instructions and information about the impacts of the coronavirus for our customers. The information package will be updated as we get new information. You can find information on, for example, what to do if you need more payment time, if you fall ill, or if you are quarantined.

Unfortunately, the Insurance Services' customer service has become congested due to the need for advice concerning the coronavirus situation. We kindly ask you to primarily use our eServices to take care of all changes relating to insurance and payments.

TyEL insurance provides pension cover for employees. Learn more about who you must insure under the Employees Pensions Act (TyEL).

All salaries are reported to the Income Register within five days of salary payment. Report salaries correctly and on time. This will secure your employees' pensions.

TyEL contributions are based on earnings data reported to the Incomes Register.

The TyEL contribution page provides information on:

• contribution percentages
• payment methods (immediate invoice and consolidated invoice)
• Varma's client bonuses

See the table for TyEL and YEL insurance contribution percentages and limits.

The table also contains information on other social insurance contributions and indexes.

Remember to take out pension insurance also for your summer employees. The lower age limit for TyEL pension insurance is 17 years. Insurance starts at the beginning of the month following the employee’s 17th birthday.

If an employee’s monthly salary is at least EUR 60.57, they must be insured under TyEL.

Please note that all earnings are now reported to the Incomes Register within five days of the payment of salary. The earnings of persons under 17 years or over 67 years of age are also reported to the Incomes Register although they are not covered by TyEL insurance. This also applies to monthly earnings below EUR 60.57. Read more on how to report earnings to the Incomes Register on the Tax Administration's website.

You can conveniently take care of many matters related to TyEL insurance and payments yourself in our eServices.

• View your TyEL insurance invoices. You can see the earnings data that the invoices are based on, as well as the payment status of your insurance. You can also save a copy of an invoice for yourself or check your payment information.
• Browse earnings and contributions by employee.
• Order a payment certificate to your email or download it as a PDF file in Finnish, Swedish and English.
• Update invoicing addresses, add an e-invoicing address and change your invoicing method.

Your user rights influence the information you can access in the service. If you do not yet have user rights, become a user of our eServices.

We offer companies diverse financing options for various investment and working capital needs. The overall financing decision is most often made together with our financing and guarantor partners.

Premium loan

Part of the insurance contributions paid by the client company to Varma are transferred into a fund and the accrued fund can be loaned by the client against a guaranty. Premium loans are especially suited to long-term financing and may have a fixed interest rate.

Lending other than premium loans

Varma's lending other than premium loans are suitable for the financing of companies investments, working capital and various corporate acquisitions and arrangements.

Contact us by telephone +358 10 244 5065 or send us secured email.

As the retirement age approaches, the employee can begin to plan for retirement. If he or she falls ill, rehabilitation or disability pension may be an alternative.

Here's a guide to different types of pensions:

• Old-age pension
• Partial old-age pension
• Old-age pension for the unemployed
• Rehabilitation
• Disability pension
• Years-of-service pension
• Survivors' pensions

We collected some answers to topical questions about the effects of this exceptional situation on pension cover or pension being paid.

Nordea is our banking partner and together we help you at different stages of the business life cycle.

Nordea offers just the right services for your enterprise as well as support for business growth. You get Nordea’s corporate service package at a 70% discount for the first six months.

As Nordea’s corporate customer, you can get competent assistance around the clock from Nordea’s Business Centre, tel. +358 200 26262.

The online service is an easy way to open an account and become Nordea’s corporate customer. At the same time, you can take out Varma’s YEL insurance.