What if I have not acquired YEL insurance but my income exceeds the minimum limit

Finnish Centre of Pensions (PCP) supervises entrepreneurs and self-employed persons pension insurance and income. If you have not acquired insurance and your income exceeds the minimum YEL income limit, PCP will recommend you to correct the neglect. If you do not follow the recommendation, PCP will acquire the insurance, on your behalf and at your expense, from insurance company and penalty payment is added. Additionally, you will lose your right to reduction for new entrepreneurs.