Enter the employee's gross salary into the wage calculator, and it will provide an estimate of
• the TyEL contribution
• the health insurance contribution
• the unemployment insurance contribution
•The payment for accident insurance and group life insurance as well as
• the amount of holiday pay.
Gross salary is the employee's salary before taxes and other statutory deductions. You need TyEL insurance for your employee if their salary is at least 71,72 euros per month (70,08 € year 2025).
Holiday pay is based on the collective agreement, workplace practice, or employment contract. In our salary calculator, you can also add an estimate of the holiday pay portion to the salary costs. In the calculator, the holiday pay portion is estimated at 4.5 percent of the total salary (2025). You can check the employer-specific calculation method if needed.
The TyEL contribution is the pension insurance payment that the employer pays in full to the pension insurance company. The TyEL contribution includes both the employer's and the employee's share. The employer pays their share and withholds the employee's share during payroll. The employee's contribution is 7.30% for all employees. (In 2025, 7.15% for those under 53, 8.65% for those aged 53–62, and 7.15% for those aged 63 and over.)
In addition to TyEL insurance, mandatory insurances for employers include health insurance, unemployment insurance, and accident and group life insurance.
The health insurance contribution is a cost that the employer pays for an employee who is insured in Finland under the Health Insurance Act.
The health insurance contribution is 1.91% of the wages paid by all employers (1.87 % 2025).
The unemployment insurance contribution includes both the employer's and the employee's share.
The unemployment insurance contribution for small employers is 0.31 % (0,2 % 2025)of the employee's salary, and the employee's unemployment insurance contribution is 0.89 % (0,59 % 2025) of the salary. The employer withholds the employee's share from the employee's salary during payroll. The unemployment insurance contribution is paid for employees aged 17–64.
The accident insurance contribution varies according to the risk of the work and the industry, with an average contribution of 0.54 % (2025).
The group life insurance contribution varies between insurance companies. The average contribution is 0.06% (2025), and it is collected together with the accident insurance contribution.
Hiring an employee is a big step that brings new responsibilities. We have compiled the most important tips for hiring an employee and TyEL insurance in a guide.
An employee should be insured under TyEL when they
• work in an employment relationship,
• are at least 17 years old, and
• earn at least 71,72 euros per month in 2026 (70,08 € 2025).
The employee's contribution is 7.30% for all employees. (In 2025, 7.15% for those under 53, 8.65% for those aged 53–62, and 7.15% for those aged 63 and over.)
Work done alongside a pension must also be insured if the employee is below the upper age limit for insurance.
If you pay wages regularly, you should take out a TyEL contract insurance as soon as possible after hiring your first employee. You can obtain the insurance by filling out the TyEL insurance application. The insurance must be in effect no later than the first payroll, at which point you must report the employee's salary to the income register, generally within 5 days of payroll. You will also insure all future employees under the same TyEL contract insurance.
If you pay wages only once or very occasionally, you can manage TyEL insurance with Elo as a temporary employer without continuously valid contract insurance. As a temporary employer, you must also report employee salaries to the income register.
When choosing the method of insurance, consider how your choice affects the cost of the insurance. Operating as a contract employer is more cost-effective for the employer because the TyEL contribution rate is lower, and you are entitled to customer rebates and Elo's stability discount. Additionally, contract employers have access to Elo's online service.
With Elo's YEL calculator, you can see what YEL insurance costs and compare the effects of different payment methods on your insurance premium. The YEL calculator also helps in assessing an appropriate income both at the start of your entrepreneurial activity and during it.