Pension, social security and the contributions depend on your earned YEL income, which is determined on annual bases. YEL income is equivalent to the monetary value of your work, which does not mean directly your taxable earnings, or the salary you pay yourself. In the websites of the insurance company Varma, you find help for estimating your YEL earnings. You can calculate with Varma YEL calculator, how do earnings influence on your social security and you can also estimate the amount of your contributions.
In earned income following factors are considered:
- Amount of working hours
- Business revenue
- The possible seasonal character of a business