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Do you need information about TyEL insurance: What is TyEL insurance and when must you take out one? Don´t worry, we are here to help you! Click below and find all you need to know about TyEL insuring in Finland.
TyEL insurance
TyEL insurance is a statutory insurance that will safeguard the pension security of your employees. As an employer, you are required to take TyEL insurance for employees who earn at least 70.08 € per month in 2025 (68.57 € per month in 2024) and fall within the insurable age range. You must take the insurance no later than in connection with the first payment of salary or wages.
Reporting earnings information
You must report the salaries, wages and other earnings you’ve paid to your employees to the Incomes Register within five days of the salary payment. Submit a report after each salary payment. Elo will calculate the TyEL insurance contributions to be paid as well as the pension accrual for your employees on the basis of information submitted to the Incomes Register.
What should I do in the following situations?
An employee is being posted abroad
I wish to transfer an insurance policy to Elo
I would like to handle the insurance contributions electronically
I have hired an employee on a temporary basis
An employee is retiring
Tips on hiring your first employee
I no longer have any employees
I'm looking for brochures and formsManage work ability strategically, plan development measures and anticipate risks
Well-being at work is the result of successful work ability management. Work ability management enables you to ensure that your employees succeed in their work and that your company achieves its goals. Elo’s work ability management services and experts support your company in its development and planning work. Through vocational rehabilitation methods, we seek solutions to retain and advance the work ability of your employees.