TyEL contributions, % of gross earnings
2024 | 2023 | |
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 expense loading fee will be determined on the basis of the individual customer company’s payroll and is added to the basic contribution rate. 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. | 25.12 | 25.30 |
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Occassional employer including employee’s share. No permanent personnel and paid wages less than €9,822/6 months in 2024( €9,348/6 months in 2023). | 26.12 | 26.20 |
Employee’s share, age 17–52 | 7.15 | 7.15 |
Employee’s share, age 53–62 | 8.65 | 8.65 |
Employee’s share, age 63–67 | 7.15 | 7.15 |
Unemployment insurance contributions (age 18–64 yrs)
2024 | 2023 | |
More info at www.tyollisyysrahasto.fi | ||
Employer – for the first €2 337 000 of Total Payroll/Year in 2024 (€2 251 500 in 2023) – for the Part of Total Payroll exceeding €2 337 000/ Year in 2024 (€2 251 500/Year in 2023) | 0.27 1.09 | 0.52 2.06 |
Employee | 0.79 | 1.50 |
Part-owner | 0.43 | 0.75 |
Employer’s premium for part-owner | 0.27 | 0.52 |
Health insurance contributions, %
2024 | 2023 | |
Employers’ health insurance contribution | 1.16 | 1.53 |
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The health insurance premium of the insured party | ||
Employee | ||
The health care contribution | 0.51 | 0.60 |
Daily allowance contribution, for income of less than €15,703/year in 2023 | 0.00 | 0.00 |
Daily allowance contribution, for income of minimum €15,703/year in 2023 | 1.01 | 1.36 |
Pensioner | 1.48 | 1.57 |
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
2024 | 2023 | |
TyEL Insurance Lower Limit, salary at least | €68.57/month | €65.26/month |
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Interest rates
2024 | 2023 | |
Premium interest rate, % of premiums | ||
---|---|---|
– TyEL 1.1.–30.6. – TyEL 1.7.–31.12. | 4.10% (1.1-30.6) TBA | 2.45% 3.85% |
Delaying Rate | ||
1.1.–30.6. | 12.5% | 10.50% |
1.7.–31.12. | TBA | 12.00% |
Index increases
2024 | 2023 | |
Pensions, % from previous year | 5,7 | 6.8 |
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E.g. earnings and particular limits | 5,1 | 3.8 |
Wage coefficient | 1.637 | 1.558 |
Earnings-related pension index | 3037 | 2874 |