TyEL calculator

The pension cover of your employees is your responsibility. Our TyEL calculator calculates the amount of your insurance contribution. You will get a listing of your TyEL contribution due dates and you will see how the different instalment options impact the contributions.

Use the TyEL calculator to estimate the size of your contribution

You can use the calculator to estimate the size of your TyEL contribution and how deferring the due date impacts the TyEL contribution amount due to the insurance contribution interest. As a rule, the TyEL contribution falls due on the last day of the month following the payment of the wages or salaries. You can defer the due date to the second month following the payment of wages.

The TyEL calculator will calculate the insurance contribution interest up until your chosen due date. The actual TyEL contribution will be calculated based on the earnings payment reports that you submit to the Incomes Register. You can see your company’s actual TyEL contribution percentage by logging into the employer’s online service.

Enter information

Salary month
Select the month from which you want to change the due date of the insurance contribution.

Payroll
Enter the payroll you paid in the wage payment month that you selected. The payroll amount must be between EUR 50,00 and EUR 1,000,000.

Contribution percentage
In 2024, the basic TyEL contribution for small contract employers will be no more than 25.32 % of the payroll when expense loading is taken into account. If the payroll for a year is more than EUR 2,251,500 (in 2022), the contribution percentage is impacted by the disability pensions granted to the company’s employees. You can check your company’s contribution percentage by logging in to our online service. In 2023, the TyEL basic contribution percentage was 25.55 %. Contribution percentage should be between 15 % and 35 %.

Due date

Select a new due date for the next month. The new due date will also be valid for the following invoices unless you change it again in our online service. The due date of an invoice that has already been sent cannot be changed.

Summary

Insurance contributions

For the chosen month

For the rest of the year

€

Your insurance contribution for the wage payment month you selected and an estimate of the contributions for the rest of the year presuming that the payroll remains the same.

Insurance contribution interests

For the chosen month

For the rest of the year

€

If you deferred the insurance contribution due date, insurance contribution interest will be added to it. The insurance contribution interest rate may change every six months. This calculation uses a 3,75 % insurance contribution interest rate between 1.7.-31.12.2024 and 2,65 % from 1.1.2025.

Total payment

For the chosen month

For the rest of the year

€

An estimate of the total insurance contributions and interest for the wage payment month you selected. The estimate for the rest of the year presumes that no changes will occur in the payroll and due dates.