Why actual income is a poor basis for YEL pension coverage
An expert at Suomen Yrittäjät, the Finnish SME association, says that using actual income as the basis for entrepreneurs’ pension…
Suomen Yrittäjät calls for overhaul of entrepreneur pension system
Suomen Yrittäjät proposes broader improvements to the Entrepreneur’s Pension Act. “We hope that the next government boldly and openly conducts…
Entrepreneur’s Pension Act amended at start of year: Read about key changes here
Amendments to the Entrepreneur’s Pension Act (YEL) entered into force on 1 January 2023. What is it all about? What…
Suomen Yrittäjät welcomes YEL amendments proposed by parliamentary committee
Suomen Yrittäjät, the Finnish SME association, welcomes the amendments to the Entrepreneur’s Pension (YEL) Act proposed by Parliament’s social welfare…
YEL lifeline for entrepreneur after serious accident
Natalia Piispa, a beauty salon owner from Salo, had a serious car accident in 2017. She subsequently realized how important…
New service recommends appropriate level of YEL income
In September, occupational pension providers launched a new service that recommends a certain YEL income to business owners. Now, a…
8 questions and answers from our info session about the YEL pension reform
Suomen Yrittäjät held a webinar about the YEL entrepreneur’s pension reform on Monday 15 August. Around 440 business owners attended…
See examples of how YEL income will be calculated in future
We calculated how the income stated for YEL purposes, “YEL income”, is determined in five different sectors. The reform to the YEL…
Are you paying YEL contributions based on an income of €20,000 a year? Your pension could be less than €1,000 a month
Even a stated income of €20,000 for YEL pension purposes may not guarantee a business owner a large enough pension. …