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.

Enter information

YEL income means the value of your work input. Year 2023 your YEL income can be no less than EUR 8,575.45 and no more than EUR 194,750 per year. To be eligible for unemployment security, your YEL income must be at least EUR 14 088 in 2023.
YEL income can range from EUR 8,575.45 to EUR 194,750 per year. Please enter the amount without commas or periods.
Your year of birth affects the insurance contribution percentage. Under 53 year olds 24.1% / as a new entrepreneur 18.8 %. 53-62 year olds 25.6 % / as a new entrepreneur 19.97 %. 63 year olds and over 24.1 % / as a new entrepreneur 18.8 %.
Enter here the amount of earnings-related pension that you have accrued. You can check the amount of earnings-related pension that you have accrued in your pension record or in MyPension service.

Summary

Insurance contributions

YEL contribution

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

Allowances

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

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

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

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.