Newly self-employed

When starting up a business on your own, make sure you have a solid foundation. Take out YEL insurance here or call our customer service at 010 192 102.

When you are just starting your self-employment you will get a 22% discount on your YEL insurance contributions for the first four years. YEL contributions are fully deductible either from your personal income tax or from your company’s taxable income.

Read more about YEL insurance contributions

YEL insurance is based on YEL income. YEL income refers to the monetary value of your own work input on an annual level.

Read more about confirmed income and how to set it at the right level

YEL insurance is statutory pension insurance for the self-employed. You cannot replace YEL insurance with voluntary pension insurance. You have six months to take out YEL insurance. The starting date of the insurance must, however, always be the date when you have started your self-employment.

Read more about the YEL insurance obligation

It is wise to take out legal expenses insurance from If 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.

Learn more about If's services for companies

Nordea is our banking partner and together we help you at different stages of entrepreneurship. As Nordea’s corporate customer, you can get competent assistance around the clock from Nordea’s Business Centre, tel. +358 200 26262.

Read tips for the first steps of entrepreneurship in Nordea’s guide to founding a business

The online service is an easy way to open an account and become Nordea’s corporate customer

More than 38,000 of tomorrow’s rising stars have chosen Varma to look after their pension security. We support you in navigating the twists and turns of your life and business, whether they concern a birth in the family, an illness or the need for flexible payment arrangements. We will help you determine your YEL income and keep your insurance cover at the right level.

1. You can conveniently manage your YEL insurance matters in the Varma Online Service when it suits you best.
2. Our experts, awarded by our customers, support you in navigating all the twists and turns of your life as a self-employed professional. Our friendly customer service is easy to reach by phone, chat or Varma Online Service.
3. At Varma, your YEL contributions are safe, as we are a solvent and by far the most efficient pension insurance company. You can entrust your pension contributions to us – we invest them responsibly and securely.

Take out YEL insurance