CONTRIBUTION
Employer (a) Employee (c)
SOCIAL SECURITY COVERAGE % %
OLD AGE AND SURVIVORS BENEFITS
Average employment pension
premium 15.50 3.0 (d)
Group life insurance premium 0.115 -
National pension premium 2.40 1.8 (b)
SICKNESS AND DISABILITY BENEFITS
Health insurance premium 1.45 3.4 (b)(e)
Occupational accident benefits
Average accident insurance premium 1.15 -
UNEMPLOYMENT BENEFITS
Unemployment insurance premium 6.0 0.2 (d)
26.615 8.4
(a) Taxable base is salaries subject to withholding.
(b) Taxable base is taxable income for municipal taxation.
(c) Foreigners who intend to remain in Finland for less than one year are exempt from the payments listed in this column, because they are not normally covered by the national health insurance system.
(d) The payment is based on earned income subject to withholding. The amount is deductible in computing the taxable base for national taxation and municipal taxation.
(e) The employee's contribution rate is 1.9% of the taxable base up to FIM 80,000 and 3.4% of the taxable base in excess of that amount.
The content of this article is intended to provide a general information on the subject matter. It is therefore not a substitute for specialist advice.
