YEL calculator

Calculate the impact of YEL confirmed income on your social security benefits and estimate the size of your insurance contributions using the YEL calculator.

YEL Calculator for the Self-Employed

Five tips for using the Calculator for the Self-Employed

Use the YEL calculator to estimate the impact of your YEL income on your social security and the amount of the YEL contribution.

1. Enter your YEL income in the YEL income field

The YEL income is an estimate of the annual value of your work input. It must match the annual salary that would be paid for the same work to an employee with the same skills as you have. With our YEL income calculator, you get an YEL income recommendation based on your business sector and your company's turnover.

2. Add accrued pension

If you would like to also include your pension accrual up to this point, enter the estimate of your accrued earnings-related pension from your pension record in the Your accrued pension field. You can check your pension record at any time in Varma Online Service. If you are not yet our customer, you can see the record in the Työeläke.fi service.

3. Choose due months of YEL contribution

The instalment months and the number of instalments affect the YEL contribution. The YEL contribution is lowest if you pay it in one instalment in January. If you pay at the beginning of the year, the contribution will be credited with interest. If you pay at the end of the year, the contribution will be debited with interest.

4. Find out what kind of pension and social security your YEL income provides

Remember that besides your pension, your YEL income determines your social security, such as sickness allowance, unemployment security and parental allowances, while you are working.

The last point: Remember to deduct YEL contributions in taxation

Remember that your YEL contributions are fully tax deductible.

What you need to know about YEL insurance

As self-employed you are responsible for organising your pension cover by taking out statutory YEL insurance. You must have YEL insurance if you are self-employed or a light entrepreneur for at least four months and the estimated value of your work input is at least EUR 9,010.28 per year (in 2024).

YEL insurance is based on YEL income. It is an estimate of the monetary value of your work input on an annual level. Your YEL income should equal the salary that would be paid to an employee with the same professional skills as you have for carrying out the same work.

The YEL insurance contribution is calculated as a percentage of your YEL income. The YEL contribution percentage for 2024 is 24.10% for all persons aged 18–52 and for those over 63 years of age. The contribution percentage for those between 53 and 62 is 25.60%.

If you are newly self-employed, we will automatically give you a 22% discount on your insurance contributions for the first four years.

Take out YEL insurance easily online or over the phone

You can take out YEL insurance quickly online. For the insurance application, you only need

2–5 minutes
online banking codes or a mobile certificate.

If you already have YEL insurance with another company, we will terminate the insurance with that company on your behalf.

If you are newly self-employed, you automatically get a 22% discount on your insurance contributions for the first four years.

Take out YEL insurance

You can also take out YEL insurance over the phone. Call us at 010 192 100 and we will go over your situation together. We can take care of all your YEL insurance matters for you.

You can reach our customer service from Monday to Friday, 8:00–16:00.

Help with using our services

What to do when...

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Take care of your YEL matters online

In our online service, you can, for instance

apply for a change in your YEL income
view your past and future YEL contribution
request an extended term of payment for an invoice