YEL in 2022

Your YEL insurance contribution is calculated as a percentage of the income that has been confirmed for your YEL insurance. The Ministry of Social Affairs and Health confirms the contribution percentages towards the end of each year. In 2022, the contribution percentages for YEL insurance are the same as they were in 2021:

• 24.10% for those aged 18-52
• 25.60% for those aged 53-62
• 24.10% for those aged 63-69

Read more about YEL contributions

If you are newly self-employed, meaning you are taking out YEL insurance for the first time, you get a 22% discount on your YEL contributions! The discount is valid for the first four years, i.e. 48 months, of your valid YEL insurance.

Take out YEL insurance online

Try our handy Calculator for the Self-Employed! You can use the calculator to estimate the impact of your YEL income on your accrued pension, your social security benefits while working and your insurance contributions.

To go to the calculator, click here

The YEL contribution falls due on the 20th day of the month or on the following banking day. The YEL contribution due dates in 2022 are as follows:

• 20 January 2022
• 21 February 2022
• 21 March 2022
• 20 April 2022
• 20 May 2022
• 20 June 2022
• 20 July 2022
• 22 August 2022
• 20 September 2022
• 20 October 2022
• 21 November 2022
• 20 December 2022

You can choose the number of instalments for your YEL contribution. You can choose 1, 2, 3, 4, 6 or 12 instalments per year. The method of payment can be changed at any time, provided that at least half of the contributions fall due by the July due date (20 July 2022) at the latest.

The minimum amount of YEL income in 2022 is EUR 8,261.72. This means that the minimum amount of YEL income at the monthly level is EUR 689.

The upper limit for YEL income in 2022 is EUR 187,265.

In order to keep your YEL income up to date, be sure to inform us at Varma immediately if any material changes occur in your self-employment or your work input. The YEL income cannot be changed retroactively. You can apply for a change to your confirmed YEL income in the Varma Online Service!

Read more about YEL income and how it is determined

News: Varma helps entrepreneurs define the appropriate level of confirmed YEL income

Log in to Varma Online Service

The amount of YEL confirmed income will be increased using a wage coefficient on 1 January 2022. By law, this index increase is applied to YEL confirmed income every year on the first of January. On 21 October 2021, the Ministry of Social Affairs and Health confirmed that the wage coefficient for 2022 is 1.501.

In practice, the wage coefficient increase means that if your YEL confirmed income in 2021 was, for example, EUR 30,000, with the increase it will be EUR 30,737 as of 1 January 2022.

The index increase keeps an entrepreneur’s earned income in line with the general payroll and price development. In the wage coefficient, the proportion of the change in salaries is 80 per cent. The proportion of the change in prices is 20 per cent.

Unemployment security for the self-employed in 2022

In order to qualify for unemployment coverage as of 1 January 2022, your YEL income must be at least EUR 13,573. When your income exceeds this so-called unemployment coverage limit, you may qualify for Kela’s basic unemployment allowance and you can join the Entrepreneur Fund.

NOTE! If your income in 2021 was exactly at the unemployment security limit, i.e. EUR 13,247, the wage coefficient increase that takes place on 1 January 2022 will not be sufficient to raise your income to the limit of EUR 13,573 in 2022. The reason for this is the rounding rule for unemployment security. If necessary, apply for a change to your confirmed YEL income in the Varma Online Service or by phone at 010 192 100. There must be a justified reason for changing the income. You should also inform the Entrepreneur Fund of your confirmed YEL income amount, if you are a member.