Social security and benefits for the self-employed
Many entrepreneurs associate YEL insurance only with retirement, but its impact is visible much earlier. Your YEL income forms the basis for many benefits and social security entitlements available to self-employed people.
YEL supports your income in different life situations
YEL affects, for example:
- sickness allowance
- parental allowance
- unemployment security
- vocational rehabilitation
- the amount of your pension
The more accurately your YEL income reflects the value of your work contribution, the better your social security will meet your needs in different life situations.
How YEL supports you
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YEL and sickness allowance
Your YEL income determines the amount of sickness allowance paid by Kela.
Read more about sickness allowance for self-employed people -
YEL and parental allowance
Your YEL income affects the level of your parental allowance and helps support your income during family leave.
Read more about family leave for self-employed people -
YEL and unemployment security
YEL affects the level of your unemployment security. If you belong to an entrepreneur unemployment fund, you may be entitled to an earnings-related allowance based on your YEL income.
Read more about vocational rehabilitation for the self-employed -
YEL and vocational rehabilitation
Vocational rehabilitation can help you continue as an entrepreneur in a way that suits your health situation.
Read more about vocational rehabilitation -
YEL and your pension
As a self-employed person, you retire in much the same way as an employee. Your retirement age is based on your year of birth. The amount of pension you accrue from your entrepreneurial work depends on your YEL income.
Read more about pensions for self-employed people -
Need more flexibility with your YEL contributions?
If paying your YEL contribution on time is difficult, you can easily apply for additional payment time or change your instalments in our online service.
Read more about YEL payment flexibility