TyEL contribution 2020
In 2020 the basic TyEL contribution is 25.30% of the employees’ wages and salary.
Employee’s share of the contribution:
- 17-52 years of age: 7.15% of wages and salary
- 53-62 years of age: 8.65% of wages and salary
- 63-67 years of age: 7.15% 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.
See the table (pdf) from the link below for social security contributions and limits (pdf)in 2020.