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New entrepreneur

Entrepreneur’s Calculator 2019

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


YEL insurance

YEL concerns people aged 18–67.
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.

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

€ / year
€ / month

TyEL insurance

€ / year

Take out an insurance Change your earned income
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The insurance cover has been calculated using the following assumptions

The YEL earnings have 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 person lives in Finland. The calculated insurance cover applies to this insurance only and should be considered approximations. The purchasing power of the pension estimate corresponds to present-day values.


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. 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. The YEL insurance contribution can be paid by the entrepreneur or by the company. The contribution is deductible for both. YEL provides security also in the event of disability or the death of a family provider. YEL pension is the amount of old-age pension according to the earned income you entered.

Checklist for the newly self-employed

1. Secure the foundation and take out YEL insurance

The first thing to do is to take out the entrepreneur’s statutory insurance, i.e. YEL insurance.

Take out YEL insurance here or call us at +358 (0)10 192 100.

2. Protect your rights and take out legal expenses insurance

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 PC for an offer +358 (0) 10 19 15 00.

3. It’s all about reliable banking services

Your company also requires reliable banking services. You can open an account and access other basic services easily and conveniently by calling Nordea’s Corporate Service at +358 (0)200 2121 (Mon–Sun, 24/7). You can also discuss your company’s needs at greater length over the phone.

Learn more about the entrepreneur programme on Nordea’s website

Temporary employer

If you don't employ regular staff and salaries are less than 8 502 euros within 6 months, you can act as a temporary employer.

As of 1 January 2019 you will be report the payroll information to the Incomes Register. To make it easier to make notifications, you can use the free-of-charge service (in Finnish and Swedish) or a commercial payroll service such as (in Finnish).

  • If you use the service, choose "Varma" as insurance company on the dropdown-list on the online form. The system will generate Varma's company ID and pension insurance number.
  • If you use the technical interface or the upload service of the Incomes Register, remember to provide Varma's company ID "55" and as pension insurance number "55-3999990D".

Accident insurance

You may 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 10 192 102

YEL - eesti keeles

YEL-i alusel määratakse vanadus-, töövõimetus- ja toitjakaotuspensione. 

YEL - по-русски

Согласно YEL, предпринимателям предоставляется пенсия по старости, пенсия по нетрудоспособности и семейная пенсия.

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