YEL insurance
We work together with Ilmarinen to offer YEL insurance to light entrepreneurs easily and effortlessly.
YEL insurance
YEL insurance for light entrepreneurs
The statutory pension insurance for the self-employed applies to more and more entrepreneurs. If you earn at least €9,423.09 per year as an entrepreneur, you must take out YEL insurance.
By insuring yourself, you safeguard your income in different life situations, such as sick leave, parental leave or in the event of incapacity for work. At the same time, you build up your future pension.
Ilmarinen
YEL insurance from Ilmarinen
For PalkkaOnline’s light entrepreneur customers, YEL insurance is provided by the earnings-related pension company Ilmarinen. Applying for YEL insurance is quick and easy – you complete the application in just a few minutes.
In partnership
YEL insurance
Who needs YEL insurance, and when?
As a light entrepreneur, you need to take out YEL insurance if the following conditions are met
- you are at least 18 years old,
- you work as an entrepreneur continuously for at least four months,
- and your YEL earned income is at least €9,423.09 per year in 2026.
YEL insurance safeguards your income both during your career as an entrepreneur and in retirement. It’s worth taking out the insurance as soon as the above conditions are met, but at the latest within six months.
YEL insurance
What does YEL insurance cost?
The cost of YEL insurance is a certain percentage of your YEL earned income. You get a 22% discount on your YEL contributions if your YEL insurance has been in force for less than 4 years. If you are eligible for the discount, you receive it automatically when you take out the insurance through PalkkaOnline.
With the YEL calculator, you can estimate how YEL earned income affects the level of your pension and social security as well as your YEL contribution. You can also compare how the payment months and the number of instalments affect your YEL contribution.