What will change?
As an employer, the Incomes Register will mean that you will no longer report your employees’ payroll information on a monthly or annual basis to Elo but, instead, directly to the Incomes Register. Information on any salaries or wages paid in 2019 and onwards shall be reported 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.
The annual calculation will no longer be carried out for salaries/wages paid in 2019. If the information reported by you is correct, the TyEL contributions will always reflect the actual, final amount. 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.
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.
If you have temporary employees, you will report any wages paid to them in 2019 to the Incomes Register or to palkka.fi.