CHANGE IN EARNED INCOME

As the YEL income is based on the self-employed person's work input in the business, the amount of the reported earned income must hence be adjusted in line with considerable changes in the work contribution. Temporary disruptions in the business or annual variations in taxable income do not affect the amount of earned income confirmed for the purposes of the YEL policy.

Ilmarinen adjusts the self-employed person's earned income automatically in accordance with the change in the wage coefficient at the beginning of each year.

The earned income can be altered at any time during the year, however, not retroactively. The change must always be notified in writing. Special forms for notification of such changes are available under the item Forms and brochures (pdf).