Social insurance premiums and income thresholds

 TyEL

​TyEL income thresholds​2017​2016
​Minimum income for coverage under TyEL​​58.19 €/month​57.51 €/month

Temporary employer:
If  there are no permanent employees or the payroll does not exceed

8,334.00 €/ 6 months 8,238.00 €/6 months

​Employer with insurance contract:
Permanent employees or payroll total at least

​8,334.00 €/ 6 months8,238.00 €/6 months
Premiums​2017 2016           
Temporary employer​​25.10 %​25.10 %
​Employer with insurance contract *​​25.10 %24.60 %

Employee’s pension premium  (included in the total premium)

The employer deducts the premium from the employee’s gross salary and pays both the employer’s and the employee’s premium.​

17–52 years​6.15 %​5.70 %
53–62 years​7.65 %​7.20 %
​63–67 years​​6.15 %​​7.20 %

* If the payroll exceeded € 2 044 500 in 2015  the company's payment class and premium loss discount influence the premium. If the payroll exceeds € 5.0 million, the group discount also lowers the premium.


 

YEL

YEL income thresholds​2017 2016           
​​Minimum income for coverage under YEL​7,645.25 €/year7,557.19 €/year
Maximum income for coverage under YEL​173,625.00 €/year171,625.00 €/year
​Self-employed entitled to unemployment security if their income exceeds​12,564.00 €/year12,420.00 €/year
Premiums​207​2016
​18–52 years​24.10 %23.60 %
53–62 years​25.60 %25.10 %
​​63–67 years​24.10 %​25.10 %
Starting entrepreneur (22 % reduction for insurances starting after 31.12.2012).
​18–52 years​18.80 % ​18.408 %
​53–62 years​19.97 %​​19.578 %
​63–67 years​​18.80 %​​​19.578 %

Other social insurance premiums

Sickness insurance premium​​2017​2016
Employer’s sickness insurance premium​1.08 %2.12 %
​Employer’s sickness insurance premium is paid in connection with payments of withholding tax. More information from tax offices at www.vero.fi. ​ ​
​Sickness insurance premium paid by the insured person
​Employee​1.58 %​2.12 %
​Self-employed person​1.64 %​2.25 %
​Pension recipient​1.45 % ​1.47 %
 Other premiums​2017​2016
Accident insurance premium ​0.80 %0.9 %
​Determined according to the wages and accident category of employment. More information is available from accident insurance companies (Federation of Accident Insurance Institutions, www.tvl.fi). ​ ​
Group life insurance premium​0.07 %0.07 %
​Paid in connection with the accident insurance premium. Premiums vary from one company to another. ​ ​
Unemployment insurance premium
​Of total payroll that is not in excess of €2,059,500​0.80 %1.00 %
Of the part of the payroll that exceeds  €2,059,500​3.30 %3.90 %
Employee’s premium​1.60 %10.15 %
Employer’s premium for a part-owner insured under TyEL​0.80 %​1.00 %
​Premium of a part-owner insured under TyEL​0.70 %​0.46 %

Interest​2017​2016
​Insurance contribution interest rate​2,00 %​2.00 %
Penal interest on delayed premiums
(1 Jan–30 Jun)
​8.50 %
Penal interest on delayed premiums
(1 Jul–31 Dec).
8.00 %