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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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