Module: PYFI | Molga: 08 | Currency: EUR | Region: Europe
Field | Detail |
Statutory | TyEL pension (7.15% EE + 17.39% ER), Income Register (Tulorekisteri) |
Tax | Progressive Ansiotuloverotus |
Key Feature | Tulorekisteri Income Register Real-Time Reporting |
Pay Frequency | Monthly |
Banks | OP (Osuuspankki), Nordea Finland, Aktia |
Finland-Specific Highlights
Tulorekisteri (National Income Register):
- Real-time salary reporting: report within 5 calendar days of payment
- API-based submission to Tax Administration (Verohallinto)
- Replaces paper-based annual declarations
- Mandatory since January 2019
TyEL (Employees Pension Act):
- 7.15% EE (age 53-62: 8.65%), ER: 17.39% average (varies by pension company)
- Earnings ceiling EUR 207,283 (2024)
- Life expectancy coefficient adjusts monthly pension
Chapter 5.5: Tulorekisteri real-time API submission; TyEL monthly premium declaration to pension company (Varma, Ilmarinen, etc.); Unemployment insurance (TVR): 0.79% EE + 0.90% ER; Occupational accident insurance mandatory; Employment Fund (Palkansaajien Osaamis- ja työllistymisrahasto) contribution