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Article 28.4.2022

Finnish pension system in a nutshell

Finland has one of the best pension systems in the world - and that’s a fact. But if you’re starting a business in Finland, you might be wondering why it’s mandatory for entrepreneurs to take out pension insurance. Or for employers to get pension insurance for their employees? We are here to help you!

Finnish pension system in a nutshell
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  1. Employer contributions – How well do you know the additional employer costs?
    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 2022.
    Employer contributions – How well do you know the additional employer costs?
  2. Finnish pension system in a nutshell
    Finland has one of the best pension systems in the world - and that’s a fact. But if you’re starting a business in Finland, you might be wondering why it’s mandatory for entrepreneurs to take out pension insurance. Or for employers to get pension insurance for their employees? We are here to help you!
    Finnish pension system in a nutshell
  3. 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?
    How to deduct YEL contributions in taxation
  4. Which insurances are mandatory for an entrepreneur?
    Becoming self-employed means learning a lot of new things — such as figuring out which insurances you need to take out. Find out below which insurances are mandatory for you and which ones you can take out voluntarily.
    Which insurances are mandatory for an entrepreneur?
  5. What every entrepreneur should know about YEL insurance
    Are you an entrepreneur? How well do you know your most important insurance? Below you’ll find seven things every entrepreneur should know about the self-employed person’s pension insurance, also known as YEL insurance
    What every entrepreneur should know about YEL insurance
  6. 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.
    What every entrepreneur should know about sickness allowance
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