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Certificates and contributions

Certificates

When you need a certificate for paid contributions to be attached to an offer, contact our customer service at tel. +358 10 192 102

As a self-employed person you also need a certificate on your earnings under your YEL insurance when you apply for

  • housing benefits
  • unemployment benefits
  • daily allowances granted by KELA
  • financial aid for your studies or
  • a day-care spot for your child

YEL contribution 2017

The YEL contribution is calculated on the basis of the income you have reported to us. This year the contribution is

  • 24.10% for those under 53 years
  • 25.60% for those aged 5362 years
  • 24.10% for those aged 6367 years

As an entrepreneur just starting out, you get a discount of 22% for a period of four years. In that case, the contribution is

  • 18.798% for those under 53 years
  • 19.968% for those aged 5362 years
  • 18.798% for those aged 6367 years

The entrepreneur pays a higher contribution starting from the beginning of the year following the year in which s/he turned 53 and continues till the end of the calendar year in which s/he turned 63.

Key contribution percentages and limits 

Contribution table

Entrepreneur’s Calculator 2017

Calculate how your income affects your social security and estimate your insurance contribution.

YEL insurance

YEL concerns people aged 18–67.
The earliest age you can retire at is @RetirementYear years and @RetirementMonth months. Highest retirement age: @RetirementYear years.
0 € / weekday
0 € / weekday
Unemployment allowance
0 € / working day
0 € / working day
0 € / month

0 € / year
0 € / month

TyEL insurance

€ / year

0 € / month
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The insurance cover has been calculated using the following assumptions

The YEL earnings have been in force for two years. The unemployment cover has been calculated under the assumption that the person does not have dependent children. An estimated effect of the life expectancy coefficient is included. The person lives in Finland. The calculated insurance cover applies to this insurance only and should be considered approximations. The purchasing power of the pension estimate corresponds to present-day values.

Note

Entrepreneurs are entitled to a daily sickness allowance when unable to work due to illness provided that they have worked as an employee or entrepreneur for at least three months prior to the disability. If the work requirement is not fulfilled, the entrepreneur is entitled to sickness allowance only after 55 consecutive days of disability. Entrepreneurs are entitled to unemployment allowance when becoming unemployed after ending their entrepreneurial activities. Receiving earnings-related unemployment allowance requires membership in an unemployment fund. The YEL insurance contribution can be paid by the entrepreneur or by the company. The contribution is deductible for both. YEL provides security also in the event of disability or the death of a family provider. YEL pension is the amount of old-age pension according to the earned income you entered.

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.