You have to take YEL if:
• The average value of your estimated work input is about 660€/month, meaning a minimum of EUR 7 958,99 (2020) over 12 months.
• Your self-employment activities last for a minimum of 4 consecutive months.
• You are 18–67 years old.
• You are not covered by any other pension law when you are an entrepreneur.
You must take out YEL insurance within 6 months to avoid a penalty charge.
Taking YEL insurance is easy through the websites of pension insurance companies. Remember to add the purchase invoice of the YEL costs to the bookkeeping. As a UKKO Pro user, we can help you with the process of taking YEL insurance. Just be in contact with our customer service at email@example.com.