Social Security Payments and Limits In Finland 2024

Employee pension payments (TyEL)
Salary minimum for TyEL	68,57 €/month
Temporary employer with only temporary workers and total salaries below 9 822 €/6 months (2022)	26,12%
Contractual employer with permanent staff and total salaries from 9 822 €/6 months (2022) TyEL basic payment without client discounts.	25,12%

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	17,97%
53-62 years old	16,47%
over 63 years old	17,97%

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	9 010,28 €/year
YEL – income maximum	204 625 €/year
Unemployment coverage: right to Kela’s basic daily allowance if income at least	14 803,00 €/year
Entrepreneur can become a member of an unemployment fund	14 803,00 €/year

Employer’s Social Security Contribution (sairausvakuutusmaksu)	1,16%

Employment Fund Contribution (työttömyysvakuutusmaksu)

Employee part (withheld)
for employees	0,79%
for shareholders	0,27%-0,43%

Employer part
for companies with total salaries up to 2 337 000€/year	0,27%
for companies with total salaries above 2 337 000€/year	1,09%

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.