YEL calculator − Estimate your insurance contribution and YEL income
Elo's YEL calculator calculates the price of the YEL insurance and helps you estimate a suitable YEL income at the beginning or during your entrepreneurial activity.
You can easily compare the effects of different payment methods on your insurance contribution. And if you are a new entrepreneur, you will also see a 22% discount for new entrepreneurs in the calculator. The calculator also clearly shows how the amount of the YEL income affects your future earnings-related pension and various social benefits.
Frequently asked questions about YEL income and YEL contribution
What is the recommended YEL income?
YEL income corresponds to the value of your work contribution. YEL income should correspond to the salary that would be paid to an employee doing the same job. You can calculate the recommendation for your income by entering an estimate of your turnover and your main industry into our YEL calculator. The turnover describes the scope of your entrepreneurial activity and adjusts the recommendation based on the average salary either downwards or upwards. YEL income calculator is maintained by the Finnish Centre for Pensions, which is used by all pension insurance companies to calculate the recommended work income.
Which daily allowances and pensions are affected by YEL income?
YEL income is the basis of the entrepreneur's social and pension security. Your YEL income affects the level of various benefits and pensions, so a properly sized income provides you with security in all life situations.
Based on your YEL income, the following are paid:
- Kela's daily allowances (e.g. sickness allowance, unemployment benefit and parental allowance)
- earnings-related daily allowance (if you are a member of the entrepreneur's fund)
- loss of earnings compensation from accident insurance
- vocational rehabilitation
- disability pension
- family pension and
- partial old-age pension and old-age pension.
Our YEL calculator clearly shows how your YEL income affects your future earnings-related pension and various social benefits.
How is the YEL contribution calculated?
The price of your YEL insurance is affected by your YEL income and your payment method. You can pay your YEL insurance contribution in 1–4, 6 or 12 installments. The number of installments affects your YEL contribution through interest. You can also choose when the first payment of the year is due. The YEL contribution is lowest when you pay the entire year's contribtuion in one installment in January. If you are a new entrepreneur, you will receive a 22% discount on the insurance contribution for the first 48 months. You can easily calculate your YEL insurance contribution with our YEL calculator.
Are you a new entrepreneur? You get a 22% discount on the YEL fee
When you start your entrepreneurial activity for the first time, you will receive a 22% discount on the insurance contribution for the first 48 months.
If your first YEL insurance started after 1.1.2001 and you still have discount months left, you will receive the remaining discount on your second YEL insurance as well. No discount is granted for the third YEL insurance period, even if the total time is less than 48 months. You do not need to remember the number of remaining months yourself, as we always check your right to the discount.
When do I need a YEL insurance?
Wondering when you need to take out YEL insurance? You need YEL insurance when:
- You are 18–68 years old and work as an entrepreneur in Finland.
- Your YEL income is at least 9,208.43 euros per year in 2025, which is about 768 euros per month.
- You work in your company.
- Your entrepreneurial activity continues for at least 4 months or you are a seasonal entrepreneur.
Take out YEL insurance within six months of meeting the above conditions. These also apply when you are a light entrepreneur or part-time entrepreneur.
Help with taking insurance
Are you going to hire an employee? Estimate the total salary cost with the wage calculator
When you are planning to hire an employee Elo's wage calculator helps you to calculate the total cost of hiring. Our calculator is also useful when you are considering a salary increase for a current employee. With the wage calculator, you can easily estimate and compare the salary costs of one or many employees. With just a few clicks, you can get information about TyEL insurance contribution and salary related side costs.