The price of YEL insurance cannot be compared between providers, as the contribution rate is the same for all pension insurance companies. The total cost depends on your YEL income, age, the start‑up entrepreneur discount, the number of instalments, and the chosen payment months.

You pay the lowest total amount when you choose one instalment per year and January as the payment month.

YEL contributions are fully tax‑deductible.

Get YEL insurance

You need YEL insurance when:

• The upper age limit for YEL insurance depends on your year of birth. The obligation to insure ends no later than at the end of the calendar month in which an entrepreneur born in 1957 or earlier turns 68, or an entrepreneur born between 1958 and 1961 turns 69
• You work as an entrepreneur continuously for at least four months
• Your YEL income is at least €9,423,09 in 2026
  You work in your own company
  You live in Finland

YEL insurance must be taken out once these conditions are met. It’s best to take it out immediately, but no later than six months after starting YEL‑covered entrepreneurship.

You can also consider the income threshold on a monthly basis. In that case, you must take out YEL insurance when the value of your monthly work input exceeds an average of €785.

Get YEL insurance

The cost of YEL insurance is a fixed percentage of your YEL income – in other words, the value of your work input. In 2026, the contribution rate is 24.4% (for ages 18–68). New entrepreneurs receive a 22% discount on YEL contributions when the YEL insurance has been valid less than 4 years.

Estimate your YEL income based on the annual monetary value of your work. It is not your taxable income, the salary you pay yourself, or your company’s turnover or profit. For pension and social security purposes, it’s important that your YEL income is set at the right level from the start.

YEL contributions are fully tax‑deductible.

Example

Alex is a newly graduated 23‑year‑old hairdresser who starts their first business. Alex estimates annual turnover at €35,000. If another equally skilled professional did the same work, Alex would pay them €26,800 in annual salary. This means Alex’s YEL income is €26,800 per year.

In 2026, the YEL contribution rate is 24.40%. Alex’s annual YEL contribution is €6,539, or about €545 per month. As a first‑time entrepreneur, Alex receives a 22% discount for the first four years, reducing the monthly contribution to about €425. Alex deducts the YEL contributions in the company’s taxation.
This calculation is an example. The number of instalments may affect the final contribution amount.

With this YEL contribution, Alex accrues a pension and improves their social security, such as daily allowances paid by Kela. Because Alex has YEL insurance with us, they also have access to our easy‑to‑use online service and continuous, flexible support from our experts.

YEL insurance is mandatory also for part‑time and secondary‑activity entrepreneurs when the conditions for YEL insurance are met.

Even if you work in your business only alongside other work or seasonally, you must take out YEL insurance if:

• The upper age limit depends on your year of birth (see above)
• You work as an entrepreneur continuously for at least 4 months
• Your YEL income is at least €9,423.09 in 2026
• You work in your company
• You live in Finland

As a part‑time entrepreneur, you define your YEL income based on your own work input. When estimating it, consider how much salary you would pay, per year, to an equally skilled person to do your work. If your work input is small, your YEL income – and contribution – will usually be lower as well.

You can calculate a recommended YEL income and the price of YEL insurance directly in our online application (requires identification).

According to the Finnish Centre for Pensions’ application guidelines, part‑time, seasonal or secondary entrepreneurship may in some cases justify deviating from standard income recommendations.

Get YEL insurance