TyEL contribution 2022
In 2022 the basic TyEL contribution is 25.85% of the employees' wages.
Part of the TyEL contribution is paid by the employee. Withhold the employee’s contribution from their wages. The employee’s contribution is:
- 17–52 years of age: 7.15% of wages and salary
- 53–62 years of age: 8.65% of wages and salary
- 63–69 years of age: 7.15% of wages and salary
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.
Take a look at the table that shows the insurance contribution percentages and limits
Next year brings changes to how TyEL contributions are determined
New pension company-specific differences will be introduced for TyEL contributions from the beginning of 2023. Read more on the subject in our news: