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.
Read more about occasional employers >Do you need a TyEL certificate?
Brochures on contributions
Payment methods
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.