Payroll News

Finland Social Security Agency Announces 2021 Social Security Contribution Rates for Health Care

Nov. 25, 2020, 5:00 AM

The Finnish Ministry of Social Affairs and Health Nov. 19 announced the 2021 social security contribution rates for health care. The rates include: 1) a 0.68 percent health care contribution rate for earned income taxed in municipal taxation, unchanged from 2020; 2) a 1.65 percent contribution rate for pension and benefit income, unchanged from 2020; 3) an increase to 1.53 percent from 1.34 percent in the contribution rate for employer’s health insurance; and 4) an increase to 1.36 percent from 1.18 in the daily allowance for wage earners and entrepreneurs, if their total wage is at least 14,766 euros (US$17,466)....

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