TyEL payments and certificates

The TyEL contribution is calculated based on the salaries you pay

As an employer, you ensure the pension security of your employee(s) by paying the required TyEL contributions to a pension provider. The amount of the contributions is always determined in accordance with the calculation bases confirmed annually by the Ministry of Social Affairs and Health and is a designated percentage of the employee’s gross earnings.

The TyEL basic contribution rate for 2022 is 25.85 % of the paid wages/salaries.

The contribution percentage also includes the employee’s share of the contribution, which you will withhold from the salary or wages paid to the employee.

The employee’s share of the TyEL contribution varies in accordance with the employee’s age:

7.15% for those aged 17–52
8.65% for those aged 53–62
7.15% for those who are 63 and older

For a contract employer, the amount of contribution is also affected by, for example, Elo’s client bonus and group discount.

For occasional employers, the final TyEL contribution for 2022 is 25.85 % of the paid wages/salaries.

Do you need a TyEL certificate?

The TyEL certficate shows that you have a valid insurance policy and that your contributions have been paid. You can print out a certificate from Elo’s Online Service. A certificate may be requested, for example, as an attachment to an offer to show that the employer has insured its employees under TyEL insurance.

Brochures on contributions

Social insurance contributions 2022

TyEL Contribution Guide for Large-scale Employers

TyEL Insurance Employer’s Guide

Payment methods

TyEL contribution payments can be paid in two different ways.

1. One invoice per month

Elo sends an invoice for the TyEL insurance contributions once per month. If you have, for example, two salary payment days each month, the relevant TyEL contributions will be compiled into a single invoice. This is the primary payment method for everyone.

2. Separate invoice for each payment day

If you wish, you can receive a separate invoice for each reported payment date as soon as Elo has received the reported information.

You can easily change your payment method in Elo´s Online Service.

Take the electronic invoice service into use

We recommend that you take online invoices into use in order to facilitate the payment of your insurance contributions.

Once you have taken online invoices into use, you will receive your invoices directly to your company’s invoice processing system or online banking service. All electronic invoices dispatched by Elo are compatible with Finvoice standards, and our e-invoice operator is OpusCapita.

It’s easy to take online invoices into use for your business via the Customer information section of Elo's Online Service. If you do not have access to Elo’s Online Service, you can submit the recipient details for electronic invoices using the relevant form (in Finnish).

If you would like e-invoices to come to your own personal online banking service, you need to sign an agreement for eInvoicing with your own bank. into use, you will receive your invoices directly to your company’s invoice processing system or online banking service. All electronic invoices dispatched by Elo are compatible with Finvoice standards, and our e-invoice operator is OpusCapita.

If you would like e-invoices to come to your own personal online banking service, you need to sign an agreement for e-invoices with your own bank.