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 every entrepreneur should know about sickness allowance
We all get sick sometimes – even entrepreneurs. Luckily, when you’ve taken care of your pension insurance, you can receive sickness allowance from Kela during your illness. Read on to find out what every entrepreneur needs to know about YEL insurance and sickness allowance.
How to deduct YEL contributions in taxation
Entrepreneurs can deduct YEL contributions in taxation – either in their own, their spouse’s, or their company’s taxation. Which method should self-employed persons who are sole traders use and when? What about entrepreneurs running a company? Do you know what the best method for you is?
We want to continue supporting our customers during challenging times
If you're having difficulties making your pension insurance payments, we urge you to contact us in good time to discuss your options. We evaluate every situation on a case-by-case basis. Payments cannot be suspended altogether, but we'll try to make flexible arrangements for you to the extent possible.
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