The Finnish tax authority published, on 14 December 2016, the applicable rates of social security contributions payable by employees and employers for 2017.
For employees:
- A health insurance contribution consisting of two components; a health care component of 0% if the taxable earned income for municipal income tax purposes is below EUR 14,000. Otherwise, the component is 1.58% (currently 0.82% in general) and a daily allowance component of 0% (currently 1.3%).
- A pension contribution of 6.15%, in general, and 7.65% if the employee is 53 years or older (currently 5.7%, in general, and 7.2% if the employee is 53 or older).
- An unemployment insurance contribution of 1.6% (currently 1.15%).
For employers:
- A health insurance contribution of 1.08% (currently 2.12%).
- An employment pension insurance contribution of 17.95% (on average) (currently 18%).
- An unemployment insurance contribution of 0.8% on the first EUR 2,059,500 (currently 1% on the first EUR 2,044,500) and 3.3% on the excess (currently 3.9% on the excess).
