Estimate your contributions with YEL calculator

The YEL calculator gives you an estimate of your YEL contributions and the level of your social security.

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Estimate of old-age pension

Summary

Insurance contributions

YEL contribution
YEL insurance contribution for new entrepreneurs *
€/month
€/month
* Discount 22 % for the first 4 years.

Allowances

Daily sickness allowance
Basic daily allowance
€/month
€/month
YEL income must be at least
Parental allowance
Earnings-related daily allowance
€/month
€/month
YEL income must be at least

Estimate of old-age pension

Lowest pension age
yr. mo.
Target pension age
yr. mo.
€/month
€/month

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.

The sums are estimates calculated for the current year.

The pension estimate is calculated at the level of the year of retirement. he long-term forecast of the Finnish Centre for Pensions has been used in the calculation. The pension estimate is based on current legislation and takes into account the effect of the life expectancy factor. The pension estimate includes the accrued earnings-related pension if you have entered the information in the calculator.

Instalments

Due date YEL contribution New entrepreneur -22%

The number of installments and the installment months affect the YEL payment. The cheapest option is to pay in one installment 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.

What is self-employed person’s pension insurance?

YEL insurance is the basis for your pension and social security. That is why the insurance is statutory, in other words mandatory. You grow your pension with each YEL contribution you pay. At the same time, you improve your other social security benefits. You cannot replace YEL insurance with voluntary pension insurance.

Your YEL contributions will be calculated based on your YEL income

YEL insurance costs the same at all earnings-related pension insurance companies. The contents of the insurance are also the same everywhere.
The YEL contribution is a percentage of your confirmed YEL income. If you are a first-time entrepreneur or you have been self-employed for less than four years, you will receive a 22% discount on your YEL contribution. You can deduct the contribution in your personal or company taxation. Read more about the YEL contributions.