Social Insurance Contributions

TyEL Contributions, % of Gross Earnings

20222023
Employer with Insurance (has at least one permanent employee at all times), Including Employee’s Share.
A client bonus reduces employer’s insurance contribution.
2023 TyEL basic contribution rate does not include the company-specific expense loading.
The final amount of the insurance contribution may vary when the total payroll for 2021 exceeded €2.198 million and will affect the company’s contribution class and the premium loss discount in 2023.
25.8525.30
Occassional employer including employee’s share. No permanent personnel and paid wages less than €9,348/6 months in 2023 (€9,006/6 months in 2022).25.8526.20
Employee’s Share, age 17–527.157.15
Employee’s Share, age 53–628.658.65
Employee’s Share, age 63–677.157.15

Unemployment Insurance Contributions (age 18–64 yrs)

20222023
More info at www.tyollisyysrahasto.fi
Employer
– for the first €2.251 500 of Total Payroll/Year in 2023 (€2.197 500 in 2022)
– for the Part of Total Payroll exceeding €2.251 500/Year in 2023 (€2.197 500 in 2022)

0.50
2.05

0.52
2.06
Employee1.501.50
Part-Owner0.740.75
Employer’s Premium for Part-Owner0.500.52

Health Insurance Contributions, %

20222023
Employers’ health insurance contribution1.341.53
The health insurance premium of the insured party
Employee
The health care contribution0.530.60
Daily allowance contribution, for income of less than €15,703/Year in 2023 (€15,128 /Year0.000.00
Daily allowance contribution, for income of minimum €15,703/Year in 2023 (€15,128/Year in 2022)1.181.36
Pensioner1.501.57

Group Life Insurance and Statutory Workers’ Compensation Insurance Premiums

The statutory workers’ compensation insurance premium is determined by the job’s risk factor and the total payroll. The group life insurance premium is collected together with it. Please contact Your non-life insurance company for more information.

Other Key Figures

TyEL Limits

20222023
Salary at least
TyEL Insurance Lower Limit62.88 €/Month65.26 €/Month

YEL Limits

20222023
YEL Insurance Lower Limit8,261.71 €/Year8 575.45 €/Year
YEL Insurance Upper Limit187,625.00 €/Year194 750.00 €/Year
Basic Uneployment Allowance13,573.99 €/Year14 088.00 €/Year
Membership of Uneployment Fund13,573.00 €/Year14 088.00 €/Year
Self-Employed Person’s Voluntary Accident InsuranceConfirmed incomeConfirmed income

Interest Rates

20222023
Premium interest Rate% of Premiums
– TyEL 1.1.–30.6.
– TyEL 1.7.–31.12.
– YEL
2 %
2 %
2 %
2,45 %

2.45%
Delaying Rate
1.1.–30.6.8 %10.5 %
1.7.–31.12.8 %

Index Increases

20222023
Pensions, % from Previous Year2.286.8
E.g. earnings and particular limits 2.463.8
Wage coefficient1.5011.558
Earnings-related pension index 26912874