Fields affecting Self-Employed Persons' Pensions Act (YEL) calculation can be updated in Payroll > Salaries (-2018) > Employee info > Show salary info. This page contains information on the fields affecting the Self-Employed Persons' Pensions Act (YEL) calculation.
For a person whose pension insurance selection is Self-Employed Persons’ Pensions Act (YEL) and whose selection is “No” in the Salary info view’s Part-owner field, the tax withholding from the salary and the social security fee only are calculated. If the person’s pension insurance selection is Self-Employed Persons’ Pensions Act (YEL) and his/her selection is “Yes” in the Part-owner, the unemployment insurance fee is also withheld from the salary and all employer payments are calculated, except the pension insurance payment.
Regarding persons whose pension insurance selection is Self-Employed Persons’ Pensions Act (YEL), and are part-owners with 30-50% share, employees’ contributions are withheld from the salary starting from the beginning of 2011. For these person, you must select in the Salary info pension insurance Self-Employed Persons’ Pensions Act (YEL) and Part-owner “Yes, no unemployment insurance”, to get the calculations right.
There are three cases:
- those who own less than 30%
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o covered by the Employees’ Pension Act (TyEL)
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- those who own 30-50%
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o covered by the Self-Employed Persons’ Pensions Act (YEL), but employer’s contributions are calculated, select "Yes" in the Part-owner field
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- those who own more than 50%
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o covered by the Self-Employed Persons’ Pensions Act (YEL), but employer’s contributions are not calculated, select "No" in the Part-owner field
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In the Pension information window, select the person’s pension insurance type: Employees’ Pension Act (TyEL) or Self-Employed Persons’ Pensions Act (YEL). When Employees’ Pension Act (TyEL) is concerned, select Employees’ Pension Act contract. The selected Employees’ Pension Act contract in use when the salary slip is created determines the Employees’ Pension Act notice that the salary slip is included in. Enter the Employees’ Pension Act employment relationship start date if it differs from the Employment start date. The date is shown in the Employees’ Pension Act notice. You can obtain further information on the Employees’ Pension Act from insurance companies and the Employees’ Pension Act service.