Jan 2, 2024 1 min read

Finland revises social security contribution rates

Changes in pension contribution rates

Pension contribution (TyEL)2024 Rate2023 Rate
Minimum monthly earnings68.57 EUR per month65.26 EUR per month
Basic TyEL contribution for contract employers (includes employee’s share)
• The employee is either permanent or paid at least EUR 9,822 over a period of 6 months in 2024
TyEL contribution for occasional employers (includes employee’s share)
• The employee is either temporary or paid less than EUR 9,822 over a period of 6 months in 2024
Employee’s share of TyEL contribution
• Employees between ages of 17-52 years
• Employees between ages of 53-63 years
• Employees who have turned 63 years



Changes in health insurance contribution rates

Health insurance contribution2024 Rate2023 Rate
Employer’s Health insurance contribution1.16%1.53%
Employee’s Health insurance contribution
• Contribution for medical care coverage
• Contribution for daily allowance coverage
(if salaries, wages, YEL income are at least 16,499 EUR per year, otherwise 0%)



Changes in unemployment insurance contribution rates

Unemployment insurance contribution
(collected by employment fund)
2024 Rate2023 Rate
For a payroll of a maximum of 2,337,000 EUR per year (2024)0.27%0.52%
For a part of payroll that exceeds 2,337,000 EUR per year (2024)1.09%2.06%
Contribution for partial owner paid by employer0.27%0.52%
Employee’s contribution0.79%1.50%
Partial’s owner contribution0.43%0.75%

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

Mercans Recommend

View PDF

Finland revises social security contribution rates.

775.72 KB

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read