YEL calculator
The YEL calculator allows you to estimate the impact of YEL income on pension and social security and on the YEL contribution. You can also try out how different instalment months and amounts affect the YEL contribution.
Calculate YEL income recommendation
With the calculator, you can calculate a business sector specific indicative work income recommendation for full-time entrepreneurship. Use it like this:
- Enter an estimate of your future 12-month turnover.
- Select your main business sector from the drop-down menu.
- Press the button "Calculate recommendation".
Enter information
Summary
Insurance contributions
Allowances
Instalments
The number of instalments and the instalment months affect the YEL payment. The cheapest option is to pay in one instalment in January.
If your insurance starts in the middle of the year, you will pay the YEL contribution from the time your insurance takes place.
| Due date | YEL contribution | New entrepreneur -22% |
|---|
Estimate of old-age pension
The sums are estimates calculated for the current year.
In the old-age pension estimate, the assumption is annual earnings-level growth of 1.5% in real terms. The pension estimate is based on valid legislation and it takes into account the impact of the life expectancy coefficient. The pension estimate includes the accrued earnings-related pension if you have entered the information in the calculator.
The sums are estimates calculated for the current year.
The pension estimate is based on valid legislation and it takes into account the impact of the life expectancy coefficient. The pension estimate includes the accrued earnings-related pension if you have entered the information in the calculator.
Estimate of old-age pension
What is YEL insurance?
YEL insurance is the basis of self-employed person's pension and social security. That is why the insurance is statutory, i.e. mandatory. You cannot replace YEL insurance with voluntary pension insurance.
You increase your pension and improve your other social security with every YEL insurance payment you pay.