D4 Published development or research report or study

Finland reforms the income basis for calculating pension insurance contributions for the self-employed




AuthorsOlli Kangas

PublisherEuropean Commission

Publishing placeBrussels

Publication year2022

Series titleESPN Flash Reports

Number in series2022/38

First page 1

Last page4

Web address file:///C:/Users/aoekan/Downloads/ESPN%20-%20Flash%20report%202022%20-%2038%20-%20FI%20-%20June%202022%20(1).pdf

Self-archived copy’s web addresshttps://research.utu.fi/converis/portal/detail/Publication/175926319


Abstract

The Finnish government will reform the income basis for calculating pension insurance contributions for the self-employed. Currently, the selfemployed themselves can decide the income they will insure. Oftentimes, they choose the lowest contribution category, which leads to low earnings-related pensions. Furthermore, income chosen for pension contribution purposes has ramifications for other income transfers as well. For example, sickness and family leave benefits are calculated on the basis of pension-giving income. The reform will be effective from 1 January 2023.


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Last updated on 2024-26-11 at 16:18