YEL insurance is mandatory for all entrepreneurs who meet certain conditions. YEL is a statutory pension insurance that determines, among other things, your pension and sickness and parental allowances. In practice, it secures your livelihood in different life situations.
Are you subject to YEL?
YEL insurance must be taken out if the following conditions are met:
- you are between 18 and 6 8 years old,
- you have been self-employed for at least 4 months continuously,
- your estimated annual income exceeds €9,208.43 (2025),
- you live in Finland.
If this sounds familiar, go ahead and apply for YEL insurance. You can easily do this through Truster by following the normal instructions.
How to check if you exceed the YEL income limit
- Open Truster.
- Go to the menu and select Company Information.
- Open Downloadable Reports and select Income Statement.
- Set the time interval to the entire year.
- Check the Result section. If the amount exceeds the specified income limit, you must take out YEL insurance.
If you have also had income during the year as a Light entrepreneur or through other invoicing services, remember to include them in the review. This will ensure that the income limit is assessed correctly.
What if I'm unsure?
If you have questions about your YEL obligation or are unsure about your income limit, you can contact us via the app or browser. We will review your situation and advise you on what to do next.
Keeping your YEL insurance up to date ensures that your social security is in order. We are happy to help with any questions you may have.