Calculation formula

The following formula is used to calculate the sickness allowance:
Annual income, € Calculation formulas for the sickness allowance, € per working day
Maximum 12.717  Sickness allowance minimum rate
12.718–32. 797 0.7 x annual earnings : 300
more than 32.798 76.53 + 0.20 x (vuosityötulo – 32.797) : 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. A  9,83 % deduction for insurance contributions is made from earnings used as the basis for calculating the sickness allowance based on wages or salaries. There is no corresponding deduction from earnings under the YEL scheme.