Paying and invoicing TyEL contributions
You receive a TyEL invoice once a month. In our online service, you can check the invoice amount, any outstanding payments, and your client bonus. You can also download a copy of your invoice and apply for extended payment time.
When will I receive my TyEL invoice?
You receive a TyEL invoice once a month at the beginning of the month following payroll payment. Depending on your chosen invoicing method, the invoice arrives either by post, as an e-invoice, as an online invoice, or through the Palkka.fi service.
For example, an invoice for wages paid in February arrives at the beginning of March. The invoice is based on the wage information you have reported to the Incomes Register.
If you are an occasional employer, you will receive the invoice a few days after submitting your earnings payment report to the Incomes Register.
-
Let's assume that you pay wages on 15 April and 30 April and report each payment to the Incomes Register within five days.
You can pay your TyEL contribution in one of the following ways:
Option 1: Pay by the standard due date
We will send you a TyEL invoice for the wages paid in April. The invoice is due by the end of the month following the wage payment month, which in this example is 31 May.
Option 2: Postpone the due date
You can postpone the due date of your future TyEL invoices in our online service by up to one month. The change must be made during the wage payment month.
If you postpone the due date by one month, the invoice for the April wages will be due at the end of June instead of May. In that case, insurance contribution interest will be charged on the contribution.
-
If you use Palkka.fi, you will receive your TyEL invoices from Palkka.fi by default. The due date is always the last day of the month following the payroll month, and this due date cannot be changed in our online service.
If you use the corporate interface in Palkka.fi, you can choose to receive your invoices from your pension provider instead. When you receive the invoices from us, you can change the due date of future TyEL invoices in our online service. You can postpone the due date by up to one month. The new due date will then apply to all future invoices.
To receive invoices from us:
- Log in to Palkka.fi.
- Go to Employer information > Insurance information.
- Select the option to receive invoices from the pension company.
After that, you can change the due date of future TyEL contributions in our online service under Due date of TyEL contributions.
Where can I see the amount of my TyEL invoice?
You can see the invoice amount in the online service under upcoming invoices in the Insurance and invoices section. The amount is based on the wage information you have reported to the Incomes Register.
Please note that if, when reporting earnings, you select No obligation to provide insurance as the insurance information type, those earnings will not be included in your TyEL payroll amount. In that case, we will not charge a TyEL contribution on the earnings you report to the Incomes Register.
If there is an error in the wage information, correct the data in the Incomes Register. Corrections made during the current year will affect your next invoice. We do not send a replacement invoice for an incorrect invoice.
If the correction concerns a previous calendar year, we will send you a separate invoice or a refund, which will be allocated to upcoming invoices.
-
How to correct data in the Incomes Register
What is a TyEL client bonus? Where can I see the amount?
A TyEL client bonus reduces your TyEL contribution. You can see your client bonus in the online service at the beginning of the year. The bonus is also shown on your TyEL invoice.
The bonus is primarily applied to the invoice due in March. If the bonus exceeds that invoice amount, the remaining balance will be applied to your next invoice.
Even though the size of the discounts is based on the previous years’ information, they are part of you current year’s TyEL contribution. Periodise the discounts and payments in accordance with materiality and good accounting practice for internal reporting or financial statements.
Can I change the due date of future TyEL invoices?
You can move the due date of future invoices by up to one month in the online service.
The new due date will apply to all future invoices. You can change it again later if needed. When the due date is postponed, insurance contribution interest is added to the TyEL contribution or the second month, i.e. from the original due date until the new due date.
How a due date change affects your payment
You can use the TyEL calculator to estimate how changing the due date affects the amount of your TyEL contribution.
Please note that in Palkka.fi, invoices are always due on the last day of the month following receipt of the invoice.
Frequently asked questions
-
Check the payment status in the online service. If the payment is not shown as paid after two banking days, verify the amount and reference number. If necessary, contact customer service.
-
You can download a copy of your invoice from the online service.
Download a copy of your TyEL invoice
-
No worries. Any excess payment is automatically applied either to your oldest outstanding invoice or to your next TyEL invoice, reducing the amount due accordingly. You can always see the current status of your invoices in the online service.
If you would like us to refund the overpayment, please provide your company’s bank account number in our online service under Do we have your bank account number? – Provide your bank account number.
We process refund requests as quickly as possible.
-
If you want to change an existing payment agreement, please contact customer service and tell us which agreement the change concerns.
We always assess the possibility of a payment agreement based on your situation. If a new agreement cannot be made, we will explain your options when we provide our decision.