YEL insurance is much more than a pension. It is your protection if you fall ill, lose your ability to work or take family leave. Find out everything you need to know about YEL insurance.
When you get YEL insurance from Ilmarinen through Kletta, we offer you one free month of Kletta’s service. The offer does not affect the price or terms of the YEL insurance
The YEL insurance is compulsory for self-employed persons, as it is the basis of their pension and social security. YEL insurance is the most important of all insurance policies for the self-employed.
Every YEL contribution you pay will give you a pension for old age and improve your other social security cover.
YEL insurance also covers your income if you fall ill, lose your ability to work or take family leave. It also affects the amount of daily allowances paid by Kela, such as sickness and unemployment benefits.
When you become self-employed for the first time, you get a 22% discount on your YEL contributions for the first four years of your self-employment. You also know that you can deduct your YEL contributions from your tax bill.
The price of YEL insurance depends on many things, such as your age, your income and whether you are self-employed for the first time. The easiest way to find out the price YEL calculator.
YEL income is the monetary value of your contribution. It is not your taxable income, the salary you pay yourself or the profit or sales of your business. When you estimate your YEL income, think of it like this: how much would you pay a person as skilled as you are for a year’s salary?
Your earned income affects the amount of your YEL contribution and the amount of your pension. Your earned income is also used to calculate the daily allowances paid by Kela, such as sickness and parental allowance. It also determines the level of your unemployment benefit and the level of your voluntary accident insurance. So there are many important factors that affect your income, so it is important to be accurate when estimating it.
You can easily get YEL insurance from Ilmarinen, a partner of Kletta. Transferring your insurance to Ilmarinen is easy, just apply and Ilmarinen will handle the redundancy from your old company. YEL insurance is always the same price as your previous company.
When you get YEL insurance from Ilmarinen through Kletta, we offer you one free month of Kletta’s service. The offer does not affect the price or terms of the YEL insurance
Ilmarinen is the largest and oldest pension company in Finland, providing pensions for more than a million Finns. Ilmarinen’s most important task is to take care of your pension security and pension assets, so that you can look forward to tomorrow with confidence and hope. Transferring your insurance to Ilmarinen is easy, just apply and Ilmarinen will take care of the termination from your old company.
Kletta Oy (Riskutie 42 00950 Helsinki) offers occupational pension insurance as the exclusive agent of Ilmarinen Mutual Pension Insurance Company in its name and on its behalf. Kletta Oy is registered in the Insurance Mediation Register of the Finnish Financial Supervisory Authority (finanssivalvonta.fi). Kletta Oy receives a commission from Ilmarinen for each TyEL and YEL insurance policy sold, the amount of which may be based on the number of policies sold and the client company’s payroll/YEL income. The customer can contact Ilmarinen directly if he is dissatisfied with the agent’s performance. The agent’s activities are supervised by the Financial Supervisory Authority.
