What will change?
The launch of the Incomes Register will mean that you will no longer report the payroll information for a company’s employees on a monthly or annual basis to Elo but, instead, directly to the Incomes Register for each payment transaction. You shall report paid earnings from 2019 and later to the Incomes Register no later than five days from the payment date. Thus, the reporting rate will be faster than it currently is, but it will be distributed more evenly throughout the year. You shall provide the information, by employee, separately for each salary/wage payment.
Elo will receive the reported earnings payment information from the Incomes Register and will send an invoice based on this information. When accurate TyEL insurance contributions are calculated directly from each earnings payment report, there will no longer be any need to even out the contribution payments by means of an annual calculation. In other words, as long as the information in the reports is correct, the TyEL contributions will always reflect the actual, final amount.
The launch of the Incomes Register period does not require any measures on your part with regard to Elo. The notification method for your TyEL insurance will change, in any case, along with the shift to the Incomes Register. The TyEL insurance policy number, which for Elo insurances is in the form of 54-xxxxxxxx, is referred to as the pension policy number in the Incomes Register. When making reports to the Incomes Register, the earnings payment report should contain the pension policy number and the earnings-related pension provider code. The pension provider code for Elo is 54.
Wages paid to temporary employees during 2019 will be reported to the Incomes Register or Palkka.fi.