YEL is the most important insurance for the self-employed
Choose your YEL partner with care. With Ilmarinen, doing business is easy and your pension cover is guaranteed. We are here for you.
YEL insurance secures your life and that of your family
Self-employed person’s pension insurance (YEL) is the basis for an entrepreneur’s pension and social security. Your pension, social security benefits and YEL contributions will be calculated based on your confirmed YEL income.
The YEL insurance secures your income in the event of old age, disability or the death of a family provider. YEL also determines the size of the allowances paid by Kela, if you fall ill or take parental leave, for example.
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Pension insurance for the self-employed
As an entrepreneur you take care of your own pension cover. You take care of it by taking out self-employed person’s pension insurance, i.e. YEL insurance.
Read more about YEL insurance -
Handle insurance matters online
In our online service, you can take care of all your insurance matters when it best suits you.
Read more about what you can do in our online service -
Are you hiring an employee?
As an employer, you are also responsible for your employee’s pension cover.
Read more about insuring an employee
The YEL contribution is based on your YEL income
The size of the YEL contribution will be determined based on your YEL income. The YEL income should correspond to the monetary value of your work input.
YEL contributions are fully tax-deductible.
If you are a first-time entrepreneur, you get a 22 per cent discount on your YEL contribution for four years.
Vocational rehabilitation for the self-employed
You can apply for vocational rehabilitation if your health has weakened and impedes your work. Rehabilitation allows you to adapt your business operations to better suit your health and continue to work as an entrepreneur. Rehabilitation can also help you become self-employed.
Take a look at the vocational rehabilitation options