The Finnish Centre for Pensions supervises that the self-employed meet their insurance obligation under the Self-employed Persons’ Pensions Act. If the value of the work input of the self-employed person exceeds the limit set in the Self-employed Persons’ Pensions Act (€7,645.25 in 2017), the self-employed has to take out pension insurance under the Act.
If the self-employed are uncertain of their insurance obligation, they can contact the Finnish Centre for Pensions or one of the earnings-related pension insurance companies for advice. The pension insurance can be taken out in retrospect for the ongoing year and three years before that.
This August, the Finnish Centre for Pensions got the unconfirmed tax data on the earnings from self-employment of 175,000 persons. From this group, the persons who exceed certain control limits and lack insurance under the Self-employed Persons’ Pensions Act are picked for further investigation.
In addition, the Finnish Centre for Pensions checks that the self-employed persons who have drawn a salary in 2017 from the limited companies they own have insured their earnings correctly under the Self-employed Person’s Pensions Act.
The data from the Tax Administration serve as background data when investigating the work input and the related pension insurance obligation of the self-employed. The Finnish Centre for Pensions looks at the need for insurance together with the self-employed person and, when necessary, makes sure that the insurance is taken out.