Earning related allowance

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mani121
Posts: 56
Joined: Tue Jan 05, 2021 1:30 pm

Earning related allowance

Post by mani121 » Wed Jul 17, 2024 1:53 pm

Hi,
Does anyone know about taxation/charges deducted from the earning related allowance we get from union (YTK)? Do we need to pay pension insurance (7.15%) + unemployment insurance (0.79%) along with withholding tax or just withholding tax is deducted from the allowance? Thank you very much.



Earning related allowance

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betelgeuse
Posts: 4558
Joined: Thu Aug 29, 2013 1:24 am

Re: Earning related allowance

Post by betelgeuse » Wed Jul 17, 2024 7:56 pm

mani121 wrote:
Wed Jul 17, 2024 1:53 pm
Hi,
Does anyone know about taxation/charges deducted from the earning related allowance we get from union (YTK)? Do we need to pay pension insurance (7.15%) + unemployment insurance (0.79%) along with withholding tax or just withholding tax is deducted from the allowance? Thank you very much.
You don't need to pay those social security contributions.

https://www.ytkkassa.fi/en/income-secur ... allowance/


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