Do you need YEL insurance?
You need YEL insurance if
- you are self-employed and aged 18-67
- you work in your company
- your self-employed activities continue for a minimum of four months
- the value of your work input (YEL income) is at least EUR 7,557.18 (in 2016).
YEL insurance must be taken out within six months of the commencement of self-employment. The commencement date of the insurance is the date when your entrepreneurial activites have started.
If you continue your self-employed activites while simultaneously drawing old-age pension, YEL insurance is voluntary.