½Û×ÓÊÓƵ

Home / Tolley's Global Mobility: Employment Taxes (Europe) /Finland /3. Payroll and particular aspects of employee remuneration / 3.2 Employer pensions contributions
Commentary

3.2 Employer pensions contributions


Finland

State pensions

The Employees Pensions Act (TyEL) applies to all employees of private companies who:

  1. Ìý

    •ÌýÌýÌýÌý are aged 17–70*, and

  2. Ìý

    •ÌýÌýÌýÌý have monthly earnings of at least EUR70.08 in 2024 (EUR 68.57 in 2024) (revalued annually in line with the wages)

*The upper age limit varies based on the employee's year of birth.

An employer must take out pension insurance if their six-monthly payroll totals EUR10,038 in 2025 and 9,822 in 2024 (a 'contract' employer) (TyEL insurance).

Acceptable pension insurance is:

  1. Ìý

    •ÌýÌýÌýÌý a statutory pension insurance company

  2. Ìý

    •ÌýÌýÌýÌý an industry-wide pension scheme, or

  3. Ìý

    •ÌýÌýÌýÌý an occupational pension scheme

The employee's pension contribution is age-based:

  1. Ìý

    •

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 15:15