|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.