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)
YEL income reviews will start this summer
The YEL reform entered into force in the beginning of the year. Pension companies are now obligated to check entrepreneurs' YEL incomes at steady intervals. We will start the reviews this summer – here’s what you need to know about it.
Excellent client bonuses in store for employers – check the amount in the service for employers
We have calculated the final client bonuses reducing the TyEL contribution and they are available in the service for employers as of 3 March. Our record-high cost-effectiveness is directly reflected in smaller pension contributions for our employer customers.
When you move abroad it is very important to know which country’s social security you are covered by during the time you live in another country and what does it covers. It is also important to make sure all official documents – both statutory and possible additional insurances – are in order.