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Entrepreneur’s Calculator

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

Instructions

YEL insurance

YEL concerns people aged 18–69.
The earliest age you can retire at is @RetirementYear years and @RetirementMonth months. Highest retirement age: @RetirementYear years. With this calculator you can count up to 70 years of age.
The limits for YEL earnings are 8 063,57 - 183 125 €
YEL income is an estimate of the value of the entrepreneur’s work contribution. It is not the same thing as the entrepreneur’s taxable earned income or the profit made by the company. The estimation of the YEL income is affected by, among other things, the company’s turnover and field of business.
A new entrepreneur is entitled to receive a 22% new entrepreneur discount on YEL contributions for a total of 48 months.

Results

0
€ / weekday
0
€ / weekday
Unemployment allowance
0
€ / working day
0
€ / working day
0
€ / month
0
€ / year
0
€ / month

TyEL insurance

€ / year
0 € / year
0 € / month The insurance contribution includes both the employer’s and employee’s share. The employer's share is 16.95% of the payroll on average.
Take out an insurance Change your YEL income
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The insurance cover has been calculated using the following assumptions

  • The YEL income has 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 calculator does not take into account the earnings-related pension index nor the wage coefficient.
  • The person lives in Finland.
  • The calculated insurance cover applies to this insurance only and should be considered as an estimation.
  • The purchasing power of the pension estimate corresponds to current values.

Please, note also this

Sickness allowance

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 10 consecutive days of disability.

Unemployment allowance

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.

Insurance contribution

The YEL insurance contribution can be paid by the entrepreneur or by the company. The contribution is deductible in taxation.

Disability and survivors' pension

YEL provides security also in the event of disability or the death of a family provider.

Retirement age

YEL pension is the amount of the old-age pension according to the YEL income you entered.

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