Many entrepreneurs may be familiar with the term YEL insurance, but what exactly does it cover and why is it necessary?
The YEL, or Self-Employed Persons' Pension Insurance, is a statutory and therefore compulsory insurance. It is a way of building up an occupational pension for the future and provides security during periods such as illness, parental leave or unemployment.
Is a light entrepreneur liable for YEL?
Yes, a light entrepreneur is also liable for YEL if he or she meets the following conditions:
✅ You are aged 18-68
✅ You are a light entrepreneur for at least 4 months continuously
✅ Your earnings exceed 9 208,43 € / year (2025)
✅ You live in Finland
Do you recognise yourself? Then it's time to get your YEL up to date - easily through Truster. 🙌
How do I check if I meet the YEL income limit?
If you are not sure how much you earn, you can easily check it Truster:
1. Open the Truster
2. Go to the menu and select "Salaries".
3. Check the "Start of year" box to see your earnings for the current year. (Your earnings for the previous year can be found on your pay slip for last year.)
- If the amount exceeds the YEL income limit, you must take out YEL insurance.
⚠️ Please note that if you have used other billing services, be sure to also take into account the income you have earned through them.
How do I get YEL insurance?
We work closely with the pension insurance company Elo to offer the best service to our light entrepreneurs, also for YEL insurance. This makes it easy to take out and manage your insurance through Truster.
1. Go here and click on 'Get YEL insurance'.
2. Authenticate with a mobile certificate or online banking credentials.
3. Fill in the requested information.
4. Truster receives information that you took out YEL insurance through Elo.
5. Truster deducts the YEL insurance from your salary.
Truster will take care of everything for you regarding your YEL insurance. Don't stress about paying the bills, we'll pay them directly from your salary. If you already have YEL insurance but want us to handle the payments for you, you can transfer the insurance to Truster.
Get YEL insurance from Truster in minutes!
Guide to obtaining YEL insurance
PS. Did you know that a new light entrepreneur is entitled to a 22% discount on the insurance price for the first four years?