Sole proprietor’s pension: what to expect for an entrepreneur after going on a well-deserved rest

Yevgenia Baidikova, a practicing accountant, an expert in taxation, accounting and Finance, explains in detail how an individual entrepreneur’s pension is considered, what it is formed from, and whether to expect high amounts of payments

Individual entrepreneurs, like other individuals, are entitled to an old-age pension. The main difference between an individual entrepreneur and an employee is that the entrepreneur pays insurance premiums to the pension Fund for himself, transferring funds to his personal personal account, and in the future, the pension will be formed from this accumulated amount. Continue reading →