Social security and pension for the self-employed

As a self-employed person you take care of your pension cover by taking out self-employed person’s pension insurance, i.e. YEL insurance. At the same time you safeguard your social security.

Pension cover for the self-employed

As a self-employed person, you can retire just like an employee. In addition to old-age pension, you can retire on a partial old-age pension. If your work ability weakens, you can apply for a disability pension or a years-of-service pension. The family of a deceased self-employed person can receive a survivors’ pension.

Read more about a self-employed person’s pension

Pension options

Earnings-related pension is part of your statutory social security. It provides you with financial security when you retire or supports you to continue longer in working life.

Read more about the various pension

Social security for the self-employed

By taking out YEL insurance for yourself, you take care not only of your pension but also your social security. In addition to your future pension, the benefits paid by Kela, such as sickness allowance and parental allowance, for example, are determined based on the YEL income. YEL income also determines the level of your unemployment security.

Read more about social security for the self-employed

When a self-employed person becomes unemployed

You are eligible for unemployment benefits if your entrepreneurial activities have ended or you no longer work in your company for another reason. As a member of the unemployment fund for entrepreneurs, you can receive an allowance based on your YEL income.

Read more about unemployment security for the self-employed