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YEL pension insurance for entrepreneurs
Who must take YEL insurance, what it costs in 2026 and why your YEL income matters.
For: Sole traders, partners and owner-managers · Figures checked 20 October 2026Who must have YEL
- You are 18–69 years old and work as an entrepreneur in Finland.
- Your business has run (or will run) for at least 4 months in a row.
- Your YEL work income is at least €9,423.09 per year (2026).
- You must take the insurance within 6 months of starting the business.
Cost in 2026
- YEL contribution: 24.4 % of your confirmed YEL work income, the same for all ages.
- New entrepreneurs get a 22 % discount for the first 48 months.
- YEL contributions are tax-deductible.
Why the YEL income matters
Your YEL work income is not your profit. It is the value of your own work, and it decides your pension, Kela sickness allowance, parental allowance and unemployment benefit. Too low a YEL income means weak social security. Pension companies check YEL incomes, so choose a realistic level. We help you choose.
Official sources
This guide is general information, not personal advice. Ask us about your own situation.
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