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The self-employed person’s pension insurance

If you are an entrepreneur you must usually take out pension insurance for self-employed persons (YEL) or pension insurance under the Farmers’ Pensions Act (MYEL). Your income determines how much you will pay in premiums now and how big a pension you will receive in the future. Pension insurance provides not only the state pension but also, for example, cover in case you are unable to work or a pension for those family members who outlive you. 

Text edited by: editorial team
Updated: 29/1/2024