TyEL calculator

The pension cover of your employees is your responsibility. Our TyEL calculator calculates the amount of your insurance contribution. You will get a listing of your TyEL contribution due dates and you will see how the different instalment options impact the contributions.

Use the TyEL calculator to estimate the size of your contribution

You can use the calculator to estimate the size of your TyEL contribution and how deferring the due date impacts the TyEL contribution amount due to the insurance contribution interest. As a rule, the TyEL contribution falls due on the last day of the month following the payment of the wages or salaries. You can defer the due date to the second month following the payment of wages. The TyEL calculator will calculate the insurance contribution interest up until your chosen due date. The actual TyEL contribution will be calculated based on the earnings payment reports that you submit to the Incomes Register.

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Summary

Insurance contributions

For the chosen month
For the rest of the year

Your insurance contribution for the wage payment month you selected and an estimate of the contributions for the rest of the year presuming that the payroll remains the same.

Insurance contribution interests

For the chosen month
For the rest of the year

If you deferred the insurance contribution due date, insurance contribution interest will be added to it. The insurance contribution interest rate may change every six months. This calculation uses a 2.0% insurance contribution interest rate.

Total payment

For the chosen month
For the rest of the year

An estimate of the total insurance contributions and interest for the wage payment month you selected. The estimate for the rest of the year presumes that no changes will occur in the payroll and due dates.