How to pay IP pension contributions

Small and medium business is actively developing in our country. Among small businesses, the vast majority are individual entrepreneurs. Hairdressers, taxi drivers, sellers in the market - all are required to officially register their activities, which means that they list all taxes, fees and fees. One of the first issues entrepreneurs face is how to pay pension contributions.

Instruction manual

1

First of all, read Law No. 212-ФЗ dated July 24, 2009 "On Insurance Contributions to the PF of the Russian Federation, FSS of the Russian Federation, FFOMS and TFOMS". It is this law that governs the payment of all insurance premiums, including deductions to the Pension Fund.

2

Please note, pension, like other insurance premiums, the individual entrepreneur does not calculate. Payments for it are made by the Pension Fund. Currently, the amount of contributions to the FIU is 26% of the cost of the insurance year. In turn, the cost of the insurance year is tied to the minimum wage. The amount of pension contributions per year = minimum wage * 26% * 12 months. Do not forget that before June 1, the minimum wage was 4330 rubles, and since June 1, it has risen and now is 4661 rubles.

3

If you are born in 1966 or older, transfer all 26% to the insurance part of the pension. If you are younger: transfer 20% to the insurance part and 6% to the funded part.

4

In order not to be mistaken with the amount of fixed contributions and details for transfers, take receipts for payment at your branch of the Pension Fund. Do not forget to grab your passport and pension insurance certificate. Receipts are issued free of charge, but only upon presentation of these documents.

5

Think about how you prefer to pay: once a year or quarterly. Keep in mind, if you use the simplified tax system or transferred to UTII, you have the right to reduce the tax amount by the amount of accrued and paid insurance premiums for this reporting period. So, if you pay quarterly, you can quarterly reduce the amount of tax on your business.

6

Keep paid receipts. They will come in handy for annual reporting.

7

Remember to pay the pension and other insurance premiums you owe by the end of the year. If you pay later, you will be penalized.