The basis of the pension system is the mandatory payment of insurance contributions, on the basis of which the budget of the Pension Fund of the Russian Federation is filled and the funds are fixed in favor of the insured persons in their individual personal accounts.
Instructions
Step 1
Payment of the pension tax is regulated by Federal Law No. 167, is made to the budget of the Pension Fund of the Russian Federation and is mandatory. The personal purpose of the payment of insurance premiums is to ensure the right of citizens of the Russian Federation to receive pension payments recorded in their individual personal account. The entry into force of this law provides for the payment of deductions by taxpayers even if they do not operate or are not currently making a profit.
Step 2
Individual entrepreneurs pay fixed contributions to the Pension Fund, which consist of an insurance part and a funded one (two payment orders or two receipts are presented for payment). Payment can be made quarterly or once a year.
Step 3
Also, entrepreneurs are required to pay contributions to the Compulsory Health Insurance Fund (territorial and federal). These taxes are accepted for payment only in Sberbank, however, when paying from a current account in any bank, additional interest is not charged.
Step 4
These deductions are the reason for reducing the amount of tax (if the simplified taxation system is applied to the activity), but by no more than 50%. The amounts of payments are calculated in accordance with the current minimum wage; with its increase, the amounts of fixed payments also grow accordingly.
Step 5
Unlike taxes, insurance payments to a pension fund meet the criteria for repayment. Upon receipt of each specific amount in the budget of the Pension Fund, they are personified and recorded on individual personal accounts opened for each insured person.
Step 6
According to Law No. 167, individual entrepreneurs are insured directly as entrepreneurs and as persons making payments in favor of other individuals. If a given entrepreneur belongs to both categories of policyholders, then on each basis, they must separately pay insurance premiums.
