Payments to the Pension Fund – deductions from wages, due dates

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The size of the future pension directly depends on how well the employer made payments to the Pension Fund of the Russian Federation (hereinafter – the RF PF). The more contributions, the higher the final amount of state benefits. In order not to encounter fraud, you need to know what payments the company’s accounts department is obliged to make for employees, to get acquainted with the interest rate set for different categories of payers. Transfers to the Pension Fund are clearly regulated by legislative regulations.

Pension fund deductions from salary

If the employer hires employees at the enterprise, then he is obligated to transfer contributions to compulsory pension insurance (hereinafter – the OPS). Each month, a certain amount is calculated from the general wage fund (hereinafter – the PAYF), which goes to pay contributions to the FIU. This method helps to form an insurance pension for employees – each person accumulates money on a separate personal account. The employee receives these finances when he retires by age, or for other reasons established by law.

According to state regulations, any contribution to the Pension Fund for an employee can be deducted only for the formation of insurance benefits or go to savings according to the mixed principle, with the increase of monthly amounts and the accumulation of points. The Government of the Russian Federation (hereinafter referred to as the Russian Federation) introduced a freeze, or moratorium, on the formation of the funded part of the pension subsidy. All funds deducted by the employer go only to the formation of insurance benefits. This situation will continue until 2020..

Who is the payer

A legal entity or an individual who employs employees to perform certain functions established by an employment contract and accrues salaries to them is the employer. This category of taxpayers is called policyholders. The state makes it obligatory for the employer to transfer payments under the OPS from the payroll fund of all working citizens on a monthly basis. Insured are:

  • enterprises, companies, organizations operating as legal entities;
  • individual entrepreneurs (hereinafter – IP);
  • individuals using wage labor.

In addition to these payers, there are insurers who deduct payments “for themselves”, since they independently organize their labor activities, being the so-called. “Self-employed persons.” These include:

  • Individual entrepreneurs who do not use hired labor;
  • legal practitioners – lawyers, notaries;
  • other Russians registered with the local branch of the Federal Tax Service (hereinafter – the Federal Tax Service) as self-employed.

The state has established that if a legal entity or an individual falls within the two definitions of the insured, then payments to the Pension Fund are made for two reasons. For example, IP is engaged in the manufacture and sale of shoes, has two employees. A businessman must make monthly transfers from the general payroll of his workers and make payments to the Pension Fund for individual entrepreneurs for himself.

A man makes calculations on a calculator

Pension fund deduction rate

The legislation establishes a standard rate of 22% of payments to the Pension Fund, which is subject to the payroll of employees of a company or enterprise. The level of earnings of workers should not be lower than the minimum wage (minimum wage) in the region. The money is transferred by the employer, to reduce the amount of the accrued salary of the employee by the amount of contributions, the policyholder has no right. The reform of the deduction system for pension payments for unemployed citizens, carried out in 2015, provides for two options for the distribution of transferred money:

  • insurance subsidies;
  • mixed option, providing a combination of insurance and funded contributions.

The transferred amount, in the amount of 22% of the payroll, is divided as follows:

  • 6% goes to the formation of a joint tariff, which provides for fixed additional assessments to the pension benefits of citizens;
  • 16% form an individual tariff.

State regulations stipulate that an officially working citizen has the right to choose. If he prefers to form savings in a savings account, then the transferred amount, 22% of the salary, is divided as follows:

  • 10% go to insurance premiums;
  • 6% form a fixed surcharge;
  • 6% create a funded pension.

Freezing the funded part of the pension until 2020 cancels this possibility. All payments to the RF PF deducted by the employer are divided as follows:

  • 16% creates an insurance pension;
  • 6% goes for a fixed surcharge.

Limit value of tax base and tariff

After 01.01.2018, the Government of the Russian Federation introduced a new maximum base for calculating payments to the Pension Fund. It is calculated as follows:

WB = SZ x 12 x 2, where

  • WB – taxable base;
  • SZ – the average salary in the Russian Federation.

After calculations, this indicator was set at 1021 tons. If payments to the FIU exceed this amount, then the rate is reduced to 10% from all subsequent contributions. The enterprise’s accounting department keeps an annual record of the transferred amounts for each employee on an accrual basis. After the total amount of payments exceeds 1021 tr, the size of payments is reduced from 22% to 10% by the end of the current year.

Preferential rates

For certain categories of employers, reduced tariffs are applied when transferring contributions to the RF PF. To take advantage of the preferential rate, you need to check with the second All-Russian Classifier of Types of Economic Activities (OKVED2) and determine whether the business practiced by a legal or natural person belongs to the types of work for which a reduced size of payments is provided. To assess the size of the coefficient depending on the registration status of companies, their taxation regime, you can refer to the table below:

The value of the preferential tariff,%

Who can use

twenty

Legal entities and individuals applying the simplified tax system (STS), policyholders using a single tax on imputed income (UTII)

14

Enterprises registered as IT companies, firms related to the Skolkovo project

8

Legal entities and individuals carrying out work on the introduction of new technology and attracting tourists in special economic zones, companies engaged in the development of new technologies

6

Entrepreneurs and organizations that are residents of special economic zones with priority development

Additional tariffs for OPS

If the work of a citizen working in this company or individual entrepreneur is associated with hazardous or hazardous industries, the policyholder must transfer additional funds to the RF PF. In order to determine the severity of production, a special assessment of jobs should be carried out every 5 years. Safety analysis of the work of hired citizens is carried out by employees of labor protection bodies. After the studies, the management of the company issued a conclusion with the assignment of classes and categories of hazardous labor.

The employer will have to make additional payments to the Pension Fund. The amount of contributions, depending on the classes and subclasses of the danger of working people, can be seen in the table below:

Class

Subclass

The amount of payments,%

dangerous

4

8

harmful

3.4

3.3

3.2

3.1

7

6

4

2

If an assessment of the harmfulness of working conditions in the company has not been carried out, then the legal entity or individual entrepreneurs pay additional contributions for employees in the amount of 6-9% of the payroll. Citizens who have worked for a long time in harmful conditions at work are entitled to preferential length of service and early retirement. For such categories of Russians, the timeliness of payments made by the employer in the FIU is of great importance..

What benefits are not subject to insurance contributions in the FIU

There are cash costs incurred by the entity that are not taxable. You can not pay contributions to the RF PF from the following payments:

  • expenses when staying on a business trip, including meals, accommodation, travel of employees on the territory of the Russian Federation or abroad;
  • subsidies paid by the state;
  • various compensations due to employees (excluding surcharges upon dismissal for unused labor leave).

Man makes calculations

Accrual and payment procedure in 2018

Since January 2017, important changes have taken place. The recipient of the paid contributions was not the RF PF, but the Federal Tax Service. Details of payment orders, codes of budget classification (hereinafter referred to as “KBK”) have changed. If the organization’s accounting department continues to transfer funds “the old fashioned way” using old data to fill out a payment order, the tax inspectorate will charge penalties and interest for non-payment of contributions. To avoid this situation, you need to use only current information about the recipients of funds.

The procedure for calculating and paying contributions to the RF PF looks like this:

  1. The organization’s accounting department timely conducts payroll for employees for the worked month.
  2. The contributions to the Pension Fund in the amount of 22% are calculated from the PAY if the previous payments for a particular employee are not more than 1021 thousand rubles. After reaching this amount, payments are made at a rate of 10%.
  3. A bank payment order is carefully filled out with the required details, an explanation of the purpose of surcharges, an indication of rubles, kopecks.
  4. If the company or legal entity has finances, the payment is made by the banking organization.

If an individual or individual does not have a bank account, then it is allowed to pay cash debt at the post office or at the cash desk of the local municipality, with the receipt issued. The accountant responsible for payroll makes a separate calculation for each employee, indicating payments made to the FIU, taxable income on an accrual basis from the beginning of the year. If an employee works in hazardous production, then the restriction on the maximum amount of the taxable base does not apply. At any income level, the amount of payments is 22%.

Mandatory details

Each constituent entity of the Russian Federation has the right to establish its own options for payment details for making payments to the RF PF, but there is information that should be in each payment order. These include the following recipient data:

  • full name of the organization;
  • date of execution of the document
  • tax identification number (TIN);
  • Registration reason code (KPP);
  • name of the bank of the addressee;
  • settlement and correspondent accounts;
  • KBK;
  • bank identification code (BIC);
  • decoding of surcharge in the column “Appointment”.

You can independently create a “payment system”, carefully monitoring the correctness of the entered data or use the services provided by the Federal Tax Service. On the organization’s website you can see the details of the recipient by region of location. You need to choose your constituent entity of the Russian Federation, fill out a document online, with the data already entered, download, print it and take it to the bank for payment.

Budget Classification Codes (BSC)

To properly distribute cash flows, the Ministry of Finance of the Russian Federation introduced a KBK, representing a list of 20 digits in which the payee is encrypted, its purpose, other data. Code decryption can be seen in the following table:

Number sequence

Designation

1,2,3

Contributor

4

Payment group

5,6

Taxes, premiums, duties

7,8,9,10,11

Article and sub-item of payment

12.13

Budget Level (Regional, Local, Federal)

14,15,16,17

Purpose of payment:

current – 1000

penalties – 2100

percent – 2000

fines – 3000

18,19,20

Income classification

For example, payments to the RF PF have the following classification:

  • regular fees – 392 102 02010 06 1010 160;
  • penalties – 182 102 02010 06 3010 160;
  • interest charge – 182 102 02010 06 2110 160.

Correctly indicating the BCC is very important, as it ensures that all funds are received as intended, and will not be erroneously transferred to another account. Employees of fiscal services monitor payments for this sequence of digits, determine the amount of debt paid, make periodic reimbursements, recalculations to customers according to specified expense items, if such a need arises.

Terms of transferring pension contributions

The legislation sets the time limits during which the employer must transfer the money due for the formation of insurance pension subsidies to citizens. Payments are made monthly until the 15th day of the next billing period. If this day is non-working, holiday, then payment should be made immediately after going to work.

If the company delays the payment deadlines, then all unpaid amounts will be considered an arrears with interest, fines and the forced collection of money through the courts. For each day of delay a penalty is charged. It amounts to 1/300 of the key rate of the Central Bank of the Russian Federation and is charged on the entire amount of arrears. It is necessary to carefully and carefully draw up payment orders, do not forget to transfer finances in order to avoid such a situation.

Calendar and hourglass

How to check payments in the Pension Fund for yourself

Correct and competent deduction by the organization of fees to the Pension Fund guarantees the employee the formation of a future pension. All money is accumulated in the personal account of a citizen, which is indicated on the SNILS certificate. You can find out the amount of payments in the following ways:

  • visit the office of the RF PF or the office of the multifunctional center (MFC), personally or send a relative by proxy and ask for information about payments based on personal data;
  • use the portal of the public services website, having pre-registered.
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