Agreement between the EU and the UK – impacts on social security yet to be specified
Negotiations on the future relationship have been concluded between the European Commission and the United Kingdom. The agreement was signed 30 December 2020.
The agreement is applied temporarily from 1 January 2021. The agreement will be eventually in force when the European Parliament gives its approvement and it is approved by The Council of the EU.
The regulations of social security included in the agreement are similar to the EU social security regulations.
- Main principle is that a person belongs to the social security of only one country at a time.
- Main rule is that the person is insured by the legislation of the working country, exceptions are posted workers and self-employed persons, and persons who work in two or several countries.
- Regulations of pension, such as payments and application are similar to the EU regulations for social security.
Finnish Centre for Pensions will publish directives of the regulations in the beginning of the year.
Brexit and working abroad (etk.fi)
What employers should know about 2022 earnings-related pension contributions?
The average level of earnings-related pension contributions will rise 0.45 percentage points in 2022. The need for the increase was agreed on earlier when reductions were made to TyEL contributions due to the COVID-19 pandemic. Client bonuses, in turn, will return to their previous level. The pension insurance companies’ application concerning actuarial principles has been sent to the Ministry of Social Affairs and Health for ratification, and the Ministry will confirm the percentages in November.
Insure summer and seasonal employees in time
With summer approaching, summer employees are ready to start their work. When summer employees should be insured? What else you should consider when hiring a summer employee? Read the answers from this article.
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Hiring an employee entails additional employer costs. What are they? How much do they come out to? Read on to get an overview of employer contributions in 2021.
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