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New entrepreneur

If you need information about insurance for owners and family members

Call us 010 192 083

Checklist for the newly self-employed

The first thing to do is to take out statutory insurance for the self-employed, i.e. YEL insurance.

Take out an insurance policy here or call us at 010 192 094.

It is also wise to take out legal expenses insurance right from the start. You can supplement your insurance to cover essential matters. If P&C Insurance Company can help you map out your insurance needs.

Ask If P&C for an offer +358 (0) 10 19 15 00.

Your company also requires reliable banking services. Nordea’s e-starter package for entrepreneurs is an easy and convenient way to open an account and access other basic services. Call Nordea’s Corporate Service number at 0200 2121 (Mon–Sun, 24h). You can also discuss your company’s needs at greater length over the phone.

Read more on Nordea’s website

Hiring the first employee

Hiring the first employee

The pension cover of your employee is in your hands. Take out TyEL insurance for him/her with us if

  • the work is performed under an employment contract
  • the employee is between 18 and 67 years of age
  • the pay for the work equals EUR 57.51/month or more

You also need to take out accident insurance for your employees, ask If for an offer +358 (0) 10 19 15 00.

Insure your employees

Take out insurance

or call us at +358 10 192 083




Important facts about income under YEL insurance for the self-employed

Your pension accrual is based on your earned income under YEL insurance. If you fall ill or if a child is born into your family, the benefits paid by Kela are also determined according to your YEL income. Your entitlement to part-time pension and unemployment benefits depend on the amount of your earned income.

The minimum and maximum limits for YEL income in 2016

  • Minimum: EUR 7,557.18
  • Maximum: EUR 171,625.00
  • The lower limit for unemployment security is EUR 12,420.00
  • The minimum income for entitlement to part-time pension is EUR 15,114.37.

It is important that your YEL income is at the correct level right from the start of your self-employed activities. Important considerations for setting your income level:

  • You set the level of your YEL income.
  • Your YEL income is an estimate of your work input.
  • Your YEL income should equal the sum that would be paid to an employee with the same professional skills as you have for carrying out the same work.
  • YEL income is not the same as your taxable income from self-employment or the salary you have taken out

Use the Entrepreneur’s Calculator on our website when thinking about your earned income! The Finnish Centre for Pensions’ earnings instructions can also be helpful (in Finnish).

Thinking about the correct level of YEL income? Call us at 010 192 083, we can assist you.

YEL - eesti keeles

YEL-i kindlustus on isiku- mitte ettevõttepõhine, seepärast hõlmab üks kindlustus ettevõtja kogu äritegevust.

YEL - по-русски

Страхование по YEL оформляется лично на предпринимателя, а не на фирму; поэтому один страховой полис покрывает всю деятель-ность предпринимателя.