How is the pension calculated?

One of the most important issues in this situation can provide some peace of mind for these people is accurate knowledge of the amount and method of receiving pensions. For this reason, people who retire can have a financial plan for a period of time by calculating some of their salary.

Calculating pensions is not difficult and does not have a complicated formula. It is enough to be aware of some of the rules and clauses passed in this area to calculate the amount of liquidity that can be received during retirement with simple accounts and books. In this article, we will tell you how pensions are calculated and what is the way to find out?

How to calculate pension; A simple formula for accounts and payroll books

Calculating the amount received during retirement involves many words and sayings. In fact, wage payments to retirees throughout the year include different legal provisions and notes. But if you want to calculate this amount accurately, you should know that the annual laws have little effect on the fixed pension law.

So you can calculate a certain amount of your salary with a simple calculation and following a fixed rule. First of all, you should know that pensions are calculated by Social Security and in accordance with the rules set by the Supreme Council of the Ministry of Labor. The amount of pension is also determined separately for each person according to the insurance history.

The exact number of this income includes the product of one-thirtieth of the average salary and benefits of the individual in the last two years of service. Therefore, individuals can calculate their pensions according to these amounts received in the last two years of work and according to the insurance history. If you are nearing the end of your service at the relevant institution, ask the financial department for detailed information on your insurance history and net income.

This information is usually available in the financial software of any company. In order to make the financial information transfer process faster and safer, companies are advised to use accurate and specialized software. Do not forget that accounting software is not only for government companies and institutions, and all free businesses can use it to organize their financial information and sales. For this reason, these days you can buy everything from corporate software to confectionery software.

How to get more pension?

By calculating the amount of pension in the usual way, you will find that the amount received during retirement is not less than the amount received for service. But if you are looking to increase your pension, you should increase your income as much as possible during your years of service. In fact, you should be a little more active in your career in the last two years of your career to get a significant salary.

For accurate calculations, it is better to get accurate information about payroll tax from the company’s accounting and finance department. Financial professionals often have detailed information about corporate taxes and salaries. So by collecting up-to-date and practical information about this, you can have more accurate calculations.

What is the retirement age of Social Security?

All people with 30 years of insurance history are entitled to a pension. These include men in their 60s and women in their 55s. But if the number of years of insurance history is less and the person applies for a pension before the end of thirty years, his pension is lower. Salary calculations based on insurance history can be done easily by receiving accurate financial information in your company. To receive this financial information, you must provide the best payroll software in the company and obtain accurate reports from it.

Accounting software

Receive accurate financial reports and payments with the help of professional accounting software

As you can see, calculating pensions and other benefits is not difficult. It depends only on accurate, detailed and up-to-date information about your company’s financial situation and financial profile. Therefore, any company, regardless of size and popularity, must choose a transparent financial method for archiving information and calculations. Professional accounting software is the best choice in this situation.

If you are looking for efficient accounting and financial software, we recommend Sepidarsystem accounting software. With the help of this software, you can take a professional step in the financial path of the company. You will also be informed of the latest financial information and accounting definitions by visiting the Sepidarsystem website. To request this professional software or for more information, you can also call 021-81022000