Social insurance contributions

TyEL contributions, % of gross earnings

20242023
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.
25.1225.30
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).26.1226.20
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)

20242023
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
Employee0.791.50
Part-owner0.430.75
Employer’s premium for part-owner0.270.52

Health insurance contributions, %

20242023
Employers’ health insurance contribution1.161.53
The health insurance premium of the insured party
Employee
The health care contribution0.510.60
Daily allowance contribution, for income of less than €15,703/year in 2023 0.000.00
Daily allowance contribution, for income of minimum €15,703/year in 2023 1.011.36
Pensioner1.481.57

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

20242023
TyEL Insurance Lower Limit, salary at least€68.57/month€65.26/month

Interest rates

20242023
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.TBA12.00%

Index increases

20242023
Pensions, % from previous year5,76.8
E.g. earnings and particular limits 5,13.8
Wage coefficient1.6371.558
Earnings-related pension index 30372874