The contribution rate used to calculate interest on earnings-related pension insurance (TyEL) for employees in Finland is set to increase to 2.7 per cent.
This represents an increase of 0.5 percentage points compared to the start of the year, and will take effect from 1 July 2026.
The interest rate on pension insurance for self-employed persons (YEL) in Finland will remain at 2.2 per cent.
The insurance contribution interest rate is based on the 12-month TyEL benchmark rate, and is always at least 2 per cent.
It affects pension payments that are paid later than the last day of the month following the month in which employees’ salary is paid.
The TyEL interest rate remained at the minimum 2 per cent between its inception in 2016 and the beginning of 2023, when it rose to 2.45 per cent.
The Finnish Ministry of Social Affairs and Health has set the TyEL contribution rate at an average of 24.4 per cent in 2026.
This is comprised on an average employer contribution rate of 17.1 per cent of salary and an average employee contribution rate of 7.3 per cent.
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