Pensions, social security and taxation

Information on retirement, pensions, income tax, social security and taxation of benefits

Israel :: Income Tax – Taxation of Employee Benefits

◉ Income tax Income in Israel is taxed on everything received from zero income and without any personal allowance …

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Israel :: Employment insurance scheme – pension scheme

Employers and employees are obliged to contribute 6,5% and 6% respectively to the employees preferred pension fund …

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Israel :: Work disability benefit

A person recognized by the National Insurance Institute as a work-injured person, whose claim for injury allowance was granted, and who remains disabled long-term due to work injury may claim a work disability benefit – either a pension or a grant …

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Israel :: Unemployment benefit

Unemployment benefits are paid by the National Insurance Institute to registered previously salaried employees who report immediately they lost their job and indicate they are looking for work …

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