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.
Log in to Varma Online Service
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 (8%). 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, if the invoice amount is more than EUR 400.
Ask for an extended term of payment in Varma Online Service