TyEL contributions and payments

TyEL contributions are based on paid wages. We get earnings data from the Incomes Register and calculate the TyEL contributions accordingly. Varma offers competitive client bonuses because we are a solvent pension company. The client bonus reduces the TyEL contribution.

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TyEL contribution in 2025

In 2025, the basic TyEL contribution for contract employers is 25.28% of the employees' wages, and an administrative cost contribution, specific to each earnings-related pension insurance company, is added to it.

The TyEL contribution for temporary employers is 26.28% of wages in 2025.

Part of the TyEL contribution is paid by the employee. Withhold the employee’s contribution from their wages. The employee’s contribution in 2025 is:

7.15% of the wages for people aged 17–52
8.65% of the wages for people aged 53–62
7.15% of the wages for people who have turned 63

The employee must pay an increased contribution from the beginning of the calendar month following the year in which the employee turns 53 to the end of the calendar month in which he or she turns 63.

You can find your company's TyEL contribution rate in Varma Online Service: Insurance policies > Estimates and reports > Make a new estimate.

Take a look at the table that shows the insurance contribution percentages and limits

The administrative cost contribution included in the TyEL insurance contribution covers the operating costs of managing insurance policies and pensions. Since 2023, every earnings-related pension insurance company has set its own administrative cost contribution. The level of the administrative cost contribution is affected by the pension insurance company’s operational efficiency. We have lowered our already competitive administrative cost contributions for 2025. Our customers benefit from this in the form of a lower TyEL contribution.

The administrative cost contribution rate is determined by the size of the company. In 2025, the size is estimated using the latest available average monthly wages for 12 months (November 2024 to October 2025).

The final the administrative cost contribution rate will be determined when the last wages of the year are paid. The administrative cost contribution from 2025 will be based on insured wages in 2025.

If a company belongs to a group insured by Varma, the contribution rate is determined by the size of the group. The higher the group's wages insured by Varma are, the lower the contribution rate is. Varma's administrative cost contribution is also affordable for the smallest employers.

The administrative cost contribution is included in the TyEL contribution calculated on the basis of the wages reported in the Incomes Register. It is charged on each TyEL invoice.

As of 2023, there is no longer a separate administrative cost reduction, as the lower administrative cost contribution rate for larger employers will be reflected in the invoiced contributions in as real time as possible.

The administrative cost contribution included in the temporary employers' TyEL contribution continues to be determined in the same way in all earnings-related pension insurance companies. The temporary employers' contribution in 2025 is 26.28% of wages and includes the administrative cost contribution.

In Varma, the contract employer's TyEL contribution is the more affordable option. The basic TyEL contribution for contract employers in 2025 is 25.28% of the employees' wages, and an administrative cost component, specific to each earnings-related pension company, is added to it. In addition, a contract employer receives an annual reduction on the insurance contributions in the form of client bonuses.

If you want to become a contract customer, fill in the insurance application online or request a quote from us.

If the total of insured wages varies from month to month, there will also be slight variation in the administrative cost contribution rate between months. If the wages do not vary, there will be no variation in the administrative cost contributions.

In 2025, the size of the company is estimated using the latest available 12-month average monthly wages. The latest available average monthly wages are from the second calendar month preceding the month in which the wages are paid. For example, if wages are paid in May 2025, the average monthly wages used will be from the period of April 2024 to March 2025. The average monthly wages used will therefore be revised each month.

For a new insurance policy, the average monthly wages calculated on the basis of the total of wages declared in the insurance application are used at the beginning until the actual insured wages are established.

The client bonus reduces the TyEL contribution

We can give a discount on TyEL insurance contributions in the form of client bonuses. Every single one of our TyEL customers receives client bonuses due to our strong solvency. Varma is the most solvent pension insurance company and therefore our client bonuses are among the best ones in the sector. Varma provides affordable TyEL insurance.

In 2025, we paid the client bonuses for TyEL insurance contributions on 4 March 2025. Client bonuses are usually applied to your future TyEL contributions. Check Varma Online Service to see your client bonus amount and how it has been used.

Payment methods

Our TyEL insurance contribution payment methods are the immediate invoice and the consolidated invoice. We recommend selecting the payment method according to the number of times wages are paid within a one-month period.

The immediate invoice is a good option if wages are paid once a month. We will send the invoice right away when we receive the earnings data from the Incomes Register. The due date of the invoice is 21 days from the date that the invoice was sent.

The consolidated invoice is the most sensible invoicing method if wages are paid several times during one month. We send the invoice once a month for earnings data reported during a one-month period. For example, for wages paid during January, we send an invoice in early February. The due date of the invoice is 21 days from the date that the invoice was sent.

You can check your current payment method in Varma Online Service. You can also change the payment method there.

Electronic TyEL invoices

You can receive your TyEL invoices electronically. Please, provide us with your company’s electronic invoicing address and operator through the Varma Online Service: Insurance policies > Insurance policy information > Invoicing details > Edit.

Add your company's electronic invoicing address

If you would like to receive TyEL invoices by email, provide your email address to which you want invoices to be sent in the Varma Online Service: Insurance policies > Insurance policy information > Invoicing details > Edit.

Provide the email address for TyEL invoices

You can also receive invoices in Varma Online Service. If you would like to receive your invoice in the service, please contact our customer service by sending a message in Varma Online Service or by calling +358 10 192 100. Depending on your choice, you will receive a notification either by text message or e-mail when you have received an invoice in Varma Online Service.

Your TyEL insurance invoices can be sent as e-invoices to your personal online bank. Add a new e-invoice in your online bank by searching the e-invoice senders to find Varma and select TyEL insurance (TyEL-vakuutus). You need your TyEL insurance policy number and invoice number when adding the new e-invoice. More detailed instructions for ordering e-invoices for the online banking application you use are available from your bank.

Extended term of payment for TyEL invoice

We support you in navigating the twists and turns of your life and business. If you require flexible payment arrangements, you can ask for an extended term of payment for your invoice in Varma Online Service. The term of payment is subject to interest for late payment (10.5% in 2025). Varma’s own collection advisors will work with you to find the best solution for your payment situation. Don’t hesitate to contact us! We charge a EUR 40 collection fee for sending a payment reminder.

Ask for an extended term of payment in Varma Online Service

Take advantage of the payment tools in Varma Online Service

Varma Online Service, our clear and easy-to-use online service, is always open. Using the tools in our online service, you can estimate your future TyEL contributions and stay up to date on paid contributions to support your accounting.

In the online service's Estimates and reports section, you can estimate the future TyEL contribution and gather information for financial statements, for instance. In the Data for financial statement tab, you can easily retrieve information on TyEL contributions and invoicing for accounting. You can use the service for monthly reconciliations or interim accounts, for example. In the service, you can see the TyEL contribution information for the previous and current year. You can also see the total of invoiced TyEL contributions and payments made.

In the Data by year tab, you can follow the realisation of your budget and make an end-of-year estimate for your financial statements. You can see your TyEL payroll and contributions for the current year. You can make an estimate of the TyEL contributions and contribution percentages for the entire year. The service also shows your client bonuses.

Five reasons to choose Varma’s TyEL insurance

Affordable TyEL insurance

Varma offers you affordable TyEL insurance as we are the most solvent earnings-related pension insurance company. This is why we are able to offer excellent discounts on TyEL contributions.

Easy-to-use online service

As Varma's customer, you will have access to the user-friendly Varma Online Service, which is always open. In one service, you can easily take care of matters related to TyEL insurance and payments as well as work ability management. You can manage your TyEL insurance matters on your smartphone, for example, when it suits you best. If you also have Varma's YEL insurance, you can take care of your YEL insurance matters in the same service.

Professional service

Our experts, awarded by our customers, will support you through the changing and unexpected twists and turns of your business. Our friendly customer service can be easily reached by phone, via chat, and in Varma Online Service.

See Varma's contact information

Flexible payment arrangements

If you ever find yourself in need of flexible payment arrangements we will find a solution for your situation together. Varma has its own knowledgeable collection advisors, so please don't hesitate to contact us!

Responsible operator

In Varma, your earnings-related pension contributions are under excellent management as our investment activities are profitable and secure. Varma is a pioneer in sustainability. You can rest assured that while we look after your and your employees' pension cover, we also take the environment, our employees, and future generations into consideration.

Help with using our services

Take care of your TyEL matters online

In our online service, you can, for instance

view your TyEL insurance invoices and invoice specifications
view earnings by employee
send us messages and attachments through a secure connection
calculate estimates of TyEL contributions

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