When do I need TyEL insurance?
An employer needs TyEL insurance when
- they have at least one employee working under an employment contract,
- the employee is at least 17 years old, and
- the monthly salary paid for the work is at least EUR 68.57 in 2024.
You also need TyEL insurance if you are a private person who employs, for example, a childminder, renovator, cleaner or gardener.
The lower age limit for TyEL insurance is 17 years. The TyEL insurance upper age limit depends on the employee’s year of birth:
- 68 years for those born in 1957 or earlier,
- 69 years for those born in 1958–1961, and
- 70 years for those born in 1962 or later