The pension cover of your employees is your responsibility. When you take care of it, you increase your employees’ pensions. And ensure that future generations will receive theirs.
Submit to us the provisional payroll amount for the calendar year. Or leave this
amount for us to estimate. Change the provisional payroll amount during the year whenever you need to. This will ensure that it will correspond as closely as possible to the final TyEL contribution.
The TyEL contribution is paid beforehand, as an advance payment. The invoice for the advance contribution will fall due on the 20th of the due months you have selected. Usually you also take care of the other social security of your employees. Arrange this through four insurance policies and a social security contribution.
In the annual notification you need to report to us the earnings of all of your employees and other data for the entire calendar year. Submit the notification once a year in January.
Your annual calculation will be ready in the spring. It will indicate the size of your final TyEL contribution. It also shows whether you have paid too much or too little in advance contributions. If you paid too much we will refund the amount and if you have paid too little, we will send you a balancing invoice. The invoice will arrive in spring and must be paid in one instalment.
When applying the monthly reporting method you report the earnings once a month. And pay the TyEL contribution once a month. You do not need to submit an annual notification. And you always pay exactly what you need to. When you change notification and payment methods during November you begin applying the monthly notification method as of the beginning of January.