YEL insurance
YEL insurance is the statutory pension insurance for self-employed people. It also determines your social security, such as sickness allowance and parental allowance.
You will need
- An estimate of the value of your work input
- Quotes from earnings-related pension companies
Steps
Find out whether you must take out insurance
YEL is compulsory when your earned income as an entrepreneur exceeds a lower limit that is set every year.
Determine your earned income
Understand the effects
Compare pension companies
Take out the insurance
Use the new entrepreneur discount
Update when needed
The full guide with every step is for members. Try 7 days for €0.99.
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