Calculation formula
Annual income, € | Calculation formulas for the sickness allowance, € per working day |
---|---|
Maximum 13.712 | Sickness allowance minimum rate |
13.713–35. 769 | 0.7 x annual earnings : 300 |
more than 35.769 | 83.46+ 0.20 x (annual earnings – 35.769) : 300 |
The same calculation formulas apply to employees and self-employed persons both. For self-employed persons insured under the Self-Employed Persons' (YEL) or Farmers' (MYEL) Pensions Acts, an annual income is defined as the annual earnings under the YEL or MYEL schemes. Insurance contributions are deducted from the wages and salaries or salary for insurance purposes included in the annual earned income. In 2024 this deduction is 8.95 per cent. There is no corresponding deduction from earnings under the YEL and MYEL schemes.