Limits of insurance contributions calculation for 2018

Russian government annually establishes maximum amount of base of social fees for social and pension insurance calculation.  Since January 01, 2018 maximum amount of base for these contributions will be increased.  Limitation for base amount in 2018 will be:  for social insurance – 815 000 rubles.for pension insurance – 1 021 000 rubles. As for medical insurance, there will be no limit for maximum base amount for this type of contributions in 2018.  We would like to remind you, that under the general rule, if amount of base for contributions to funds overcome the above-mentioned limits, employer stop paying them until the end of the year.