The idea is that an entrepreneur's YEL income is changed whenever necessary. As long as your YEL insurance is in force, it is your responsibility to report any long-term changes in your work input. Inform us of changes in, for example, your turnover, working hours or sector. So apply for a change in your YEL income when, for example, you switch from part-time to full-time self-employment or vice versa.
You can apply for a change in your YEL income as often as you need to. You can change your YEL income with effect from the date of arrival of your notification at the earliest, in other words, YEL income cannot be changed retroactively.
Apply for a change in your YEL income easily in the Varma Online Service. You can find the application under Insurance policies > Insurance policy information > Apply for a change in your YEL income. We will ask you for further information if needed.
Apply for a change in your YEL income in Varma Online Service
We will send you a decision on the YEL income change. The decision is appealable, which means that you can appeal the decision within 30 days. You can find instructions on how to appeal here. The instructions are also attached to the decision.
YEL income is adjusted annually using a wage coefficient
By law, YEL income is adjusted using a wage coefficient every year on the first of January. The objective of the adjustment is to keep an entrepreneur’s YEL income in line with the general payroll and price development. The Ministry of Social Affairs and Health confirms the wage coefficient annually by the end of October.
In future, YEL income will be reviewed every three years
The law obligates pension insurance companies to review the YEL income of self-employed persons regularly, every three years. The objective of this change is for YEL income to better reflect the value of the self-employed person’s work input also as their self-employed activities continue.
Read more about the YEL income reviews
We will review your income level during the calendar year in which three years have passed since the last time your YEL income was confirmed. For example, YEL incomes for insurance policies that started in 2022 will mainly be reviewed in 2025.
We will review YEL incomes of the YEL insurance policies that began before 1 January 2023 as follows:
- in 2023, we will review YEL incomes under EUR 15,000
- in 2024, we will review YEL incomes between EUR 15,000–25,000
- in 2025, we will review YEL incomes over EUR 25,000