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TyEL contributions

TyEL contribution 2019

The basic TyEL contribution is 25.20% of the employees’ wages and salary.

Employee’s contribution:

  • 17-52 years of age: 6.75% of wages and salary
  • 53-62 years of age: 8.25% of wages and salary
  • 63-67 years of age: 6.75% of wages and salary

You withhold the employee's pension contribution from the employee's salary and pay the entire earnings-related pension contribution to the pension insurance company.

Key contribution percentages and limits 

Contribution table (pdf)

Payment of TyEL insurance contributions

There are two ways to pay insurance contributions: immediate invoice and consolidated invoice. The payment methods have changed as of 1 January 2019.

Immediate invoice

We will send the insurance invoice immediately when we receive the payroll information. This is a good option if salaries are paid once a month. See an example picture of an immediate invoice (png).

Consolidated invoice

We will send the insurance invoice once a month for payroll information reported during a one-month period. This is a good option if salaries are paid several times during one month. See an example picture of a consolidated invoice (png).

Viewing and changing the invoicing method

You can view and change the default invoicing method chosen for the company in our eServices. We recommend selecting the invoicing method according to the number of times salaries are paid within a one-month period. We also recommend e-invoicing.

Additional information about TyEL insurance contributions during the Incomes Register period is also presented in a video (16 min, in Finnish).

Would you need some payment time for your invoices?

When necessary you can make a payment plan request in our eServices. Penalty interest (8%) will be added to late payments. There is a collection charge (40€) when we send a reminder invoice that is more than 400 euros.

View or change invoicing method in our eServices

Log in to Varma’s eServices
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