Options for solving payment challenges
- Payment extension
Apply for an extended term of payment before the due date. Creating a payment plan is free of charge, but it is advisable to act early to avoid the EUR 40 payment reminder. For payments made after the due date, only late interest is charged.
Apply for an extended term of payment in the Varma Online Service:
Log in > YEL insurance > Invoices > Apply for an extended term of payment for your invoices
2. Change in the due months for contributions
Even if your work remains the same, your clients’ payment behaviour may have changed. When that happens, paying YEL contributions may be difficult. One option is to change the payment months such that your YEL contributions fall due every second or third month, for example.
Change the months when your payments are due in the Varma Online Service:
Log in > YEL insurance > Insurance information > YEL income and YEL payment instalments > Change contribution instalments
3. A change in your YEL income
If there has been a significant, permanent change in your work, you can apply for a change in your YEL income in the Varma Online Service.
In the application, enter your business sector and your company’s net revenue for the last three months. You will receive a recommendation on the amount of your YEL income based on that. If your view of the current level of your YEL income does not match the recommended YEL income or its range, provide further clarification on the factors affecting the value of your work input. If necessary, we will ask you for more information before we make a decision.
A good tip is to first use the income calculator to see whether your YEL income could be lowered. You can find the calculator for estimating the correct level of YEL income on our website. Enter your business sector and your company’s annual net revenue into the calculator. You will receive a recommendation for the amount of your YEL income and its range, and you can assess whether it would be possible to lower the amount of your YEL income.
Apply for a change in your YEL income in the Varma Online Service: Log in > YEL insurance > Insurance information > YEL income and YEL contribution instalments > Apply for a change in YEL income
4. Flexibility in YEL contributions
You can apply for a downward adjustment of your YEL contribution if you have no outstanding payments, you do not receive the discount for new entrepreneurs and your YEL insurance with Varma has been valid for this entire calendar year. The payment flexibility retroactively reduces the entire year’s YEL contributions by 10–20 percent, depending on your choice, so that the contributions for the rest of the year will already be partially paid. After the payment flexibility, your YEL income must be at least the minimum YEL amount. You can reduce your YEL contributions for a maximum of three years within seven consecutive calendar years.
Learn more about the conditions and guidelines for payment flexibility on our page What determines the price of YEL insurance? - Varma
Apply for a payment extension for YEL contributions in the Varma Online Service: Log in > Messages > Message Subject: Flexibility
If you are unable to pay your YEL contribution on time, please do not hesitate to contact us at your earliest convenience. We will find the best solution for your situation.
Our customer service is here to help you from 8 am to 5 pm. Service in Swedish and in English is available from 8 am to 4 pm. Our phone number is 010 192 100 (when calling from abroad, dial +358 10 192 100).
How do I apply for a payment extension online?
Do you need more time to pay your YEL or TyEL invoice? When it comes to payments, planning ahead is key to avoiding reminders for unpaid invoices.
Read our article for instructions on how to apply for a payment extension.