YEL insurance made simple for entrepreneurs: video series
We know that YEL insurance can seem confusing at first. Don’t worry, we have made helpful videos to guide you step by step so you can easily understand and manage your pension insurance as an entrepreneur.
Explore our videos to better understand YEL insurance
As a self-employed person, your pension and other social security are based on your YEL insurance. Self-employed persons working in Finland must have YEL insurance. Learn more about the YEL insurance
Are you 18 or older, living in Finland, and working in your own company? If your YEL income is above the annual minimum, you need YEL insurance. Read more about who is YEL insurance for and when
YEL income is the monetary value of your work input. YEL income is not your taxable income, the salary you pay yourself or your company’s profit or sales. Read more about YEL income
Setting your YEL income can feel tricky. The YEL calculator allows you to estimate the impact of YEL income on pension and social security as well as on the YEL contribution. Try out our YEL calculator
When applying for YEL insurance, estimate your income as realistically as possible. Your confirmed YEL income is based on your revenue and industry. New entrepreneurs can use the coming months as a basis, while those already in business can rely on past figures. Update your YEL income easily here
The cost of your YEL insurance depends on your YEL income. New entrepreneurs get a 22% discount for the first 48 months, automatically. A well-defined YEL income ensures you are protected, even in unexpected times.
YEL insurance is your most important safety net as an entrepreneur. It protects your income, supports you in case of illness, parental leave, or unemployment. Learn more about self-employed person’s social security
As an entrepreneur, your YEL insurance ensures you accumulate pension just like employees. It covers old-age, partial, disability, rehabilitation, and survivors’ pensions. Learn more about self-employed person’s pension
You can be a part-time entrepreneur even if you are employed or a student. YEL insurance is mandatory for part-time entrepreneurs once their business meets the conditions for YEL coverage. Learn more about being a part-time entrepreneur and YEL insurance