YEL contribution 2018

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.