What is the YEL calculator?
The YEL calculator, i.e. the pension calculator for entrepreneurs, is an important tool when becoming an entrepreneur and for planning your future. The YEL calculator helps entrepreneurs plan their finances in the long term, not just monthly.
The YEL calculator shows the effect of earned income on sickness allowance, parental allowance and earnings-related allowance quickly and easily. The calculator will show you an estimate of the old-age pension for entrepreneurs. The YEL calculator also shows the amount of YEL contributions with different instalment options and their due dates. To use the YEL calculator, you will first need an estimate of your YEL earned income.
How do I calculate my YEL earned income?
You can calculate an estimate of the YEL earned income with Ilmarinen’s YEL earned income calculator. YEL earned income refers to the value of the entrepreneur’s labour input. Therefore, earned income is not a salary that the entrepreneur pays themselves from the company. Rather, it is a figure depicting the value of their labour input on which the entrepreneur’s social security is based.
You can use the YEL calculator to compare the effect of YEL earned incomes on social security and select the most suitable option for yourself. The pension insurance company will ultimately confirm the entrepreneur’s earned income.
Experts at your service in YEL-related matters
Determining the correct amount of YEL insurance may seem difficult. Pohjola Insurance's experts will be happy to help you calculate the YEL contribution and YEL earned income personally. Request an offer, and our expert will be in touch with you. At the same time, you will receive an offer on other insurance policies for entrepreneurs if you wish.