As a self-employed person, your confirmed YEL income is used to calculate your pension and social security as well as your YEL insurance premiums. It should be set at a sufficient level right from the start.
Pension will be paid into your account in accordance with your confirmed YEL income. And if you fall ill or welcome a new family member, your confirmed YEL income will be used to calculate your daily allowance.
Each self-employed person is responsible for ensuring that their confirmed YEL income is at a sufficient level. Your confirmed income may be changed, but it cannot be adjusted retroactively.
What constitutes confirmed YEL income? Your confirmed income must correspond to your work input. It should correspond to the pay that a person with the same level of professional skill as you have would receive in an employment relationship. You should always keep your confirmed income up to date. This will secure your livelihood in different life situations.
|Entrepreneurial activities must be insured if your work input as a self-employed person is valued at more than|
|The upper limit of confirmed income for a self-employed person is||173,625.00|
|You are entitled to unemployment security if your earned income is at least||12,564.00|
|Average income in Finland||22,000|
The effect of confirmed YEL income on a self-employed person's social security
Instructions for determining a sufficient level of confirmed income
YEL income and pension
YEL income and benefits from Kela
YEL income and unemployment security
YEL income and health insurance contributions