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".
Calculate YEL contribution
Allowances
Amount of pension accrued from work income
The pension estimate takes into account the life expectancy coefficient. The YEL income is assumed to increase annually in accordance with the wage coefficient. Any previously accrued pension will not be taken into account.
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% |
|---|
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.