The Self-employed Persons’ Pensions Act (YEL) obliges pension insurance companies to review the YEL income of self-employed persons regularly, at intervals of three years. Veritas will launch the next review round during the autumn.
Your YEL income level 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.
New limitation in the calculation service: The YEL income recommendation can be no higher than 60 per cent of the turnover
The YEL income recommendation is calculated using the shared YEL income recommendation service of the employment pension sector. The review 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 will be limited to a maximum of 60 per cent of the entrepreneur’s turnover”, says Anne Wesalainen, YEL Product Manager at Veritas.
The calculated recommendation is issued automatically on the basis of the information provided 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.
“If your YEL income falls within the +/-30 per cent margin given by the calculator, we will not propose a change to your confirmed income. There is also no need to adjust the confirmed YEL income if the change is no more than a 5 per cent higher or lower than the previously confirmed YEL income level”, says Wesalainen.
The pension insurance company may adjust the YEL income by a maximum of EUR 4,000. In other words, the increase in the YEL insurance contribution may, at the most, be approximately EUR 85 per month.
How will the review proceed?
Before the review, we will send preliminary information to those customers whose YEL income will be reviewed this year.
If your YEL income is at the correct level:
You will receive a message from us confirming that we have reviewed your confirmed income under the YEL insurance. We will not propose any changes, and no further action is needed.
If your YEL income is not at the correct level:
- We will send you a conditional decision for your new YEL income by mail during the autumn.
- 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, you should provide us with additional information via the online service within two weeks. We will take into account the information you have provided and, if necessary, make a new decision.
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