Veritas will continue its YEL income reviews in September. We have compiled a checklist for entrepreneurs whose YEL income will be reviewed this autumn.
Your YEL income will be reviewed this year if
- your YEL insurance policy has been in force for at least three years
- it has not been reviewed or adjusted in the past three years.
Here’s how the review proceeds:
1. You will receive advance information about the review
You will receive a message from us in advance if you are one of the entrepreneurs whose YEL income will be reviewed. So you can simply wait for us to contact you. However, it is worth checking now that your contact information is up to date in Veritas’ online service.
If we propose a change, your YEL income may be increased by a maximum of 4,000 euro, which means that the insurance contributions may increase by about 85 euro per month.
Please note that the maximum increase of 4,000 euro, as set by law, only applies to reviews initiated by a pension insurance company. The maximum increase limit does not apply if you independently seek a change to the YEL income.
2. The YEL income is reviewed
We calculate a YEL income recommendation using the shared YEL income recommendation service of the employment pension sector. The recommendation will take into account the turnover of your company/companies for the past three years as well as the median salary of employees and the median turnover in your line of business.
Based on experiences from the last few years, the Finnish Centre for Pensions has made changes to the calculator used for the YEL income review process. From the beginning of 2026, the YEL income recommendation has been limited to a maximum of 60 per cent of the entrepreneur’s turnover.
The calculation service makes its recommendation automatically on the basis of this data and does not take your individual situation into account. The recommendation is, therefore, always an estimate and you have the opportunity to submit further information to Veritas that will affect the final YEL income decision.
3. If your YEL income does not require any change
If your YEL income falls within the +/-30 per cent margin given by the calculation service, we will not propose a change to your confirmed YEL income. There is also no need to adjust the confirmed income if the change is no more than a 5 per cent higher or lower than the previously confirmed YEL income.
We will notify you that your YEL income has been reviewed and no further actions are necessary.
4. If we suggest a change to your YEL income
If we suggest a change to your YEL income, you will receive our proposed decision by mail. Read the decision carefully.
If the information on which the decision is based is correct, you do not need to do anything. We will confirm your new YEL income based on the decision you have received.
If some of the information needs to be changed or the information on which the decision is based does not correspond with your current situation, please provide us with additional information via the online service within two weeks.
Explain in your request what information about your entrepreneurial activities we should consider when assessing your YEL income. According to the law, the fact that you cannot afford to pay the contributions is not a valid justification. The determination of the YEL income level is, on the other hand, affected by the extent of your entrepreneurial activities, for example.
We will take into account the information you have provided and, if necessary, issue a new decision.
5. Your contact person is here to help
If you have any questions about the YEL income review, please get in touch with your contact person or Veritas customer service.
We stick by our promise to answer phone calls in under 20 seconds, but the YEL income reviews may occasionally increase the volume of enquiries to our customer service and affect our response times. In this case, you can also opt to leave us a request to contact you and we will get back to you as soon as we can.
