Social Security Payments and Limits In Finland 2023

Employee pension contribution (TyEL)
Salary minimum for TyEL	65,26 €/month
Temporary employer with only temporary workers and total salaries below 9 348 €/6 months (2022)	26,20%
Contractual employer with permanent staff and total salaries from 9 348 €/6 months (2022) TyEL basic payment without client discounts.	25,30%

Employee part of TyEL-payment
17-52 years old	7,15%
53-62 years old	8,65%
over 63 years old	7,15%

Employer part of TyEL-payment (contractual employer)
17-52 years old	18,18%
53-62 years old	16,65%
over 63 years old	18,18%

Entrepreneurs’ pension (YEL) payment
18-52 years old	24,10%
53-62 years old	25,60%
over 63 years old	24,10%

– starting entrepreneurs’ payment
18-52 years old	18,80%
53-62 years old	19,97%
over 63 years old	18,80%

YEL – Income Limits
YEL – income minimum	8 575,45 €/year
YEL – income maximum	194 750 €/year
Unemployment coverage: right to Kela’s basic daily allowance if income at least	14 088 €/year
Entrepreneur can become a member of an unemployment fund	14 088 €/year

*Employer’s Social Security Contribution (sairausvakuutusmaksu)*	1,53%

Employment Fund Contribution (työttömyysvakuutusmaksu)

Employee part (withheld)
for employees	1,50%
for shareholders	0,52%-0,75%

Employer part
for companies with total salaries up to 2 251 500€/year	0,52%
for companies with total salaries above 2 251 500€/year	2,06%

Sources: Keskinäinen työeläkevakuutusyhtiö Varma (in Finnish)

Please find more information about taxes and employee-related benefits in Finland in our Tax Consulting section and about employees’ tax-exempt travel allowances on our Tax-Exempt Travel Allowances page.

In case of questions please contact our specialists through the contact form, e-mail lauri@kuljus.eu or phone +358 503 220 600.