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Who should take YEL insurance?

As a self-employed person, you need to insure yourself with a YEL insurance policy in accordance with the Self-employed Persons’ Pensions Act. The insurance is intended for self-employed individuals whose income (in terms of reflecting the value of their work input) is estimated to be at least 7,799.37 euro per year.

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Security already during working life

The social security of a self-employed person is based on the confirmed income amount stated in the YEL insurance policy. In addition to employment pension, it provides security in many life situations, such as when an illness strikes, if your family increases or if you find yourself unemployed.

Handle your matters through Elo’s Online Service

  • Print out certificates.
  • Request a payment extension for an invoice.
  • Adjust your YEL income amount.
  • Report any changed information.
Take the service into use here >
Download the Mobile App for Entrepreneurs here >
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YEL calculation

Elo’s versatile YEL calculation service enables you to see how the amount of the reported YEL income will impact on the amount of your future pension and insurance contributions. You can also see how your YEL income would affect different social benefits, such as the sickness allowance.

What should I do in the following situations?

Elo is here to help and support you

Elo's Online Service is always available for you to use whenever it's most convenient for you. For TyEL and YEL insurance matters, please call us at +358 (0)20 694 730 (weekdays 8 a.m.-4:30 p.m)