What is YEL insurance in Finland?

YEL (Yrittäjän eläkevakuutus) is mandatory pension insurance for self-employed people in Finland. It covers your retirement pension, disability pension, and parental leave benefits.

How is the YEL contribution calculated?

The YEL contribution is calculated as a percentage of your confirmed YEL income. The rate is approximately 24.1% (18.8% for entrepreneurs under 53 and over 62). New entrepreneurs get a 22% discount for the first 48 months.

What should my YEL income be?

Your YEL income should reflect the market value of your work input. It affects not only your pension but also other social benefits like parental allowance and unemployment benefits. Setting it too low reduces all your benefits.

YEL Pension Calculator

Calculate your YEL contributions and future pension as a self-employed person in Finland. Enter your YEL income to see the monthly cost and benefits.

YEL income: 25 000 €/year

Minimum €9,010Maximum €204,625

YEL income is the entrepreneur's own estimate of the value of their work. It affects the pension, sickness allowance, and other social benefits.

Age

New entrepreneur
−22% discount, max 48 months

502,08 €

YEL contribution / mo

6 025,00 €

YEL contribution / year

YEL contribution rate: 24,10 %

YEL income	25 000 €/yr
YEL contribution rate	24,10 %
Estimated tax deduction (~30% tax rate)	− 1 807,50 €
Actual cost after tax deduction	4 217,50 € /yr
Pension accrual / mo	+31,25 € /mo

Note: YEL contributions are tax deductible. They grow your pension and affect the size of your sickness allowance, parental allowance, and unemployment benefit. You can adjust your YEL income flexibly once a year.

The YEL pension calculator estimates the self-employed person's pension insurance contribution based on your YEL income. It helps you see how much the statutory pension insurance costs and how your declared income affects the contribution.

How the calculator works and what it’s for▾

How the YEL contribution is formed

The YEL contribution is calculated from your confirmed YEL income using a set contribution rate. The higher you set your income, the larger the contribution, but also the greater your accruing pension and social security.

The calculator converts the income you provide into an estimated yearly or monthly contribution, so you can compare different income levels.

What you enter and get

You enter your estimated YEL income, from which the calculator works out the insurance contribution. The result shows the size of the contribution at the income level you choose.

This lets you plan your business expenses and the level of your own pension cover.

Who it is for

The calculator is intended for entrepreneurs, sole traders, and light entrepreneurs who are considering a suitable YEL income and its effect on contributions and future pension.

Good to know

The YEL contribution rate, the lower and upper limits of the income, and any discounts for new entrepreneurs are set by legislation and reviewed each year. Check the current figures with your pension insurance company. The result is an estimate.

🔄 Reviewed June 2026