Discount for the newly self-employed
Your YEL income is used as the basis for calculating your insurance contributions. If you are
- under 53 or over 62 years of age, the contribution is 24.1 % of your earnings
- 53-62 years of age the contribution is 25.6 % of your earnings.
If you are starting up your first company, you get a discount of 22 % on your YEL contribution for a period of four years.