News and articles
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News and articles
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 nutshellMore news and press releases
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Press release
15.8.2024
Ilmarinen's return on investment 4.9 per cent, and market uncertainty increasedIn January–June, Ilmarinen's return on investment was 4.9% and its solvency strengthened. Cost-effectiveness continued to improve as premiums written grew 2 per cent and pension cover operating expenses fell 6 per cent.Ilmarinen's return on investment 4.9 per cent, and market uncertainty increased
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News
12.4.2024
Coming this year: electronic YEL invoices to be sent automaticallyIn future, we will be sending electronic YEL invoices automatically if the payer of the invoice is a company that receives online invoices.Coming this year: electronic YEL invoices to be sent automatically
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News
22.11.2023
YEL in 2024 – what will change?YEL insurance is the most important insurance for you as an entrepreneur, as it is the basis for your pension and social security. Keep reading to see what you should know about your YEL insurance as the year changes.YEL in 2024 – what will change?
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News
9.11.2023
Earnings-related pension insurance contributions for 2024 confirmedThe Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2024. The average contribution for employer’s pension insurance (TyEL) is 24.81 per cent of the payroll in 2024.Earnings-related pension insurance contributions for 2024 confirmed
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News
27.10.2023
Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmedThe Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2024. Next year, the earnings-related pension index is 3037, which means an approximately 5.7 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.637. Compared to 2023, the wage coefficient will rise some 5.1 per cent.Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmed
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News
20.6.2023
Self-employed person, did you get a YEL income recommendation from us?We will be sending out new YEL income recommendations for the first group of our self-employed customers in June. What’s it all about?Self-employed person, did you get a YEL income recommendation from us?