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Contributions and certificates

TyEL contribution 2017

You may pay the TyEL contributions in accordance with the estimated provisional payroll or monthly earnings notifications.

The basic TyEL contribution is 25.10% of the employees’ wages and salary.

Employee’s contribution:

  • 17-52 years of age: 6.15% of wages and salary
  • 53-62 years of age: 7.65% of wages and salary
  • 63-67 years of age: 6.15% 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
Instructions

Insurance contribution estimate for 2017

See how the instalment months and the premium interest rate affect the amount of the contribution.

Monthly earnigs under EUR 58.19 do not require insurance.
The percentace can be set at 17-26.
In 2017, the lowest annual YEL income is €7 645,25 and the maximum annual YEL income is €173,625.
Installments Total contribution Average monthly installment

First installment month

Change the due months of TyEL or YEL contributions, please call +358 10 192 083.

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Instructions

Premium interest rate

The premium interest rate is a fixed part of the TyEL contribution used to bring the contribution from the theoretical due date of 1 July to the interest date in the calculation. The interest has influence on the payments, in the beginning of the year by reducing and in the end of the year by increasing payments due.

The premium interest rate is based on the 12-month TyEL benchmark rate quoted by Garantia, but it is always at least 2 per cent.

Since the level of the insurance contribution interest rate is lower than the level of the technical rate of interest, the interest rate benefit from focusing the provisional contributions on the first half of the year.

The premium interest rate used in this calculator is 2 per cent.

 

Do you need an insurance certificate to be attached to an offer?

Print a certificate of your TyEL-insurance situation.

Change your provisional payroll amount

Is your provisional payroll amount at the correct level? If you have chosen the annual notification method, you can always adjust the provisional payroll amount.