End-of-year tips about earnings-related daily allowances
Check your taxes at the latest before Christmas
Earnings-related daily allowance is subject to tax. The Tax Administration has calculated a withholding tax rate for you with a certain income limit. The income limit should be checked well in advance of Christmas. The most regrettable thing is, if the income limit indicated on the tax card is inadvertently exceeded. This means that the withholding tax rate on the unemployment benefit will increase and the share of the daily allowance paid to you will decrease. This can be an unpleasant surprise just before Christmas.
So, if you will be applying for daily allowance towards the end of the year, check the income limit on your tax card and your accumulated daily allowance. If the income limit is about to be exceeded, you can request a new, revised tax card from the Tax Administration for the benefit to be paid during the rest of the year.
Temporary changes to unemployment security are coming to an end
Several temporary changes were made to the Unemployment Security Act due to the coronavirus pandemic. Some of these amendments have already been rescinded, and the concessions regarding the exempt amount, the mobility allowance and self-employed persons’ adjusted allowances are due to expire at the end of November.
Take advantage of our new and improved job-seeker mentoring programme and personalised career counselling service!
Are you looking for a job or planning a career change? Job hunting can be a long and tedious process, but there is help available. Sign up for our free online job-seeker mentoring programme and boost your job hunting and career planning skills with our new and improved tools and personalised career counselling service!
“For me, the Go for it! online mentoring programme was an exclusively positive experience. It helped me to sharpen my job hunting skills. I especially liked getting personalised feedback from my mentor, whose professional opinions and experience I found extremely useful”, says our member Sanna, who recently took part in the programme. Read about Sanna’s and our other members’ experiences! (in Finnish)
Job hunting skills and knowing your strengths are valuable assets in the labour market and worth honing whenever you can. Our online mentoring programme comes with clear guidance, a range of CV and application templates, video tutorials and one-on-one mentoring that make job hunting and career planning easier and more likely to succeed.
Mentoring helps you to
- prepare for job interviews,
- compile a CV and a job application,
- identify your strengths, and
- learn how to use social media to look for jobs.
This programme is designed for our members who are unemployed and looking for work, who have been laid off or who are only just starting to think about their next career move. The programme is tailored to our members and included in the YTK Association’s membership fee. Our members who are students can also take advantage of the service. If you are not already a member of the YTK Association, now is the time to join!
This newsletter for daily allowance applicants was sent to you because you have applied for benefits through us in the last three months.
