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  2. Entrepreneur
  3. Certificates and contributions
  4. YEL contribution 2020

YEL contribution 2020

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 53–62 years
  • 24.10% for those aged 63–67 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 53–62 years
  • 18.798% for those aged 63–67 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.

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