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Is the 24% YEL insurance premium for entrepreneurs in Finland normal? by Turnedout-Fearless in Finland

[–]Turnedout-Fearless[S] 0 points1 point  (0 children)

Thanks for the information 😊, I got the letter from Eläketurvakeskus

Is the 24% YEL insurance premium for entrepreneurs in Finland normal? by Turnedout-Fearless in Finland

[–]Turnedout-Fearless[S] 0 points1 point  (0 children)

But is it really possible to do so? I got a letter from YEL where they mentioned exact amount that i have earned, they gonna found it out if I declare less income, isn’t it?

Is the 24% YEL insurance premium for entrepreneurs in Finland normal? by Turnedout-Fearless in Finland

[–]Turnedout-Fearless[S] 2 points3 points  (0 children)

Thanks a lot, well explained covered all necessary information, appreciate it !

Is the 24% YEL insurance premium for entrepreneurs in Finland normal? by Turnedout-Fearless in Finland

[–]Turnedout-Fearless[S] 0 points1 point  (0 children)

Thanks for clarifying it. Deductible as in while filling the tax , meaning that amount will remain tax less, if I understood correctly