The Finnish Tax Administration has confirmed the 2026 social insurance contribution rates applicable to employers, employees, and self-employed individuals. The changes reflect annual adjustments based on wage indices and legislative amendments to the Health Insurance Act and the Employment Pension Insurance Act. Effective 1 January 2026, the employer’s total contribution rate will be 20.57% (including earnings-related pension, unemployment insurance, and health insurance), while the employee’s share remains at 7.15% for pension and 1.40% for health insurance. Self-employed individuals’ YEL/MYEL contribution bases have been indexed upward by 3.2%.
Key Takeaways
- Employer Contribution Breakdown: The 20.57% employer rate comprises earnings-related pension (17.34%), unemployment insurance (0.50% for employers with < 50 employees, 1.00% for larger), health insurance (1.34%), and accident insurance (variable by sector).
- Employee Contributions: Employees aged 17–67 pay 7.15% earnings-related pension and 1.40% health insurance daily allowance contributions. Employees aged 68+ pay only health insurance.
- Self-Employed YEL/MYEL Income Ceilings: The minimum confirmed YEL income for 2026 is EUR 9,010 and the maximum is EUR 198,720. Contributions are calculated on confirmed income, not actual drawings.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement