Atzmai (self-employed) contributions for 2021

As of 2017, Atzmaim (self-employed) are obligated to make pension contributions. In addition, they are entitled to other social benefits such as Keren Histalmut. The breakdown of contributions for the 2021 tax year can be found below.

Pension Contributions

How much am I obligated to contribute?

The income upon which one is obligated to contribute is split into 3 tiers. All of which are based on the Schar Memutza BaMesheq – שכר ממוצע במשק. This is the defined ‘average’ gross salary in Israel. The average gross salary for 2021 is 10,551 NIS (as publicized by Bituach Leumi).

The 3 tiers are:

    1. Half the Schar Memutza BaMesheq.
    2. The 2nd half of the Schar Memutza BaMesheq.
    3. Anything above the Schar Memutza BaMesheq.

 

Average monthly income
(based on January 2020 data)
Minimum legal contribution (%) Minimum Legal Contribution (NIS)
0 NIS – 5,275 NIS 4.45% of the average monthly income Up to 235 NIS per month (based on 5,275 NIS x 4.45%)
5,275 NIS – 10,551 NIS 4.45 % of income up to  5,275 NIS, and 12.55% of income earned above 5,275 NIS Up to 897 NIS per month (based on 5,275 NIS x 4.45% and 5,275 NIS x 12.55%)
Above 10,551 NIS 8.5% of 10,551 NIS 897 NIS per month

 

Can I contribute more than the legal obligatory pension?

Yes. The amounts stipulated above are minimum contributions. For the 2021 tax year, the upper limit for tax benefits based on pension contributions for an Atzmai is 16.5% of a monthly income of 17,400 NIS (208,800 NIS annually). By contributing more than the minimum obligation, one can benefit from increased tax benefits and a larger future pension.

Keren Hishtalmut

An Atzmai has the ability to open up a Keren Hishtalmut based on 7% of their income. The tax year in Israel runs from 1st January to 31st December. The upper annual limit for total contributions into the Keren Hishtalmut for 2021 is 18,480 NIS. Contributions equating to the first 4.5% of one’s annual income up to 263,000 NIS is considered a tax deductible expense.

Goldfus Insurance takes no responsibility for changes in Israeli legislation that may alter the accuracy of the above information. For clarification of any changes, please contact us.

 

Contact us about Atzmai (self-employed) contributions for 2020

Print Friendly, PDF & Email

89 Comments

  1. Pingback:relax everyday

  2. Pingback:mafia music

  3. Pingback:relaxing winter jazz

  4. Pingback:jazz music definition

  5. Pingback:healing music

  6. Pingback:jazz

  7. Pingback:cafe music

  8. Pingback:warm fireplace

  9. Pingback:clindamicina para infecciones dentales

  10. Pingback:nakahara 2023 mix

  11. Pingback:jazz relaxing music

  12. Pingback:soothing music

  13. Pingback:coffee shop music

  14. Pingback:jazz bossa nova

  15. Pingback:relaxing piano music

  16. Pingback:Warm Relaxing

  17. Pingback:soothing relaxation

  18. Pingback:jazz cafe

  19. Pingback:changing from citalopram to fluoxetine side effects

  20. Pingback:prozac paxil and zoloft are what type of antidepressant drugs

  21. Pingback:metronidazole hedgehog

  22. Pingback:cymbalta 60 mg para que sirve

  23. Pingback:can cephalexin cause a yeast infection

  24. Pingback:duloxetine is a controlled substance

  25. Pingback:sildenafil over counter

  26. Pingback:lexapro 5mg

  27. Pingback:how much is keflex

  28. Pingback:ciprofloxacin drug interactions

  29. Pingback:cephalexin for dog ear infection

  30. Pingback:bactrim generic name

  31. Pingback:bactrim pregnancy category

  32. Pingback:neurontin and xanax together

  33. Pingback:amoxicillin for pneumonia

  34. Pingback:what are the side effects of cozaar

  35. Pingback:methocarbamol vs flexeril

  36. Pingback:ezetimibe chemical name

  37. Pingback:citalopram withdrawal symptoms list

  38. Pingback:diltiazem overdose

  39. Pingback:phentermine 37.5 vs contrave

  40. Pingback:augmentin 875 125

  41. Pingback:proscar and flomax taken together

  42. Pingback:ddavp patch

  43. Pingback:effexor dosage

  44. Pingback:diclofenac sodium 75

  45. Pingback:depakote dr vs er

  46. Pingback:aspirin molecular weight

  47. Pingback:side effects amitriptyline

  48. Pingback:aripiprazole 10 mg price

  49. Pingback:allopurinol davis pdf

  50. Pingback:how does celexa work

  51. Pingback:what is celecoxib capsules used for

  52. Pingback:ashwagandha dosage for anxiety

  53. Pingback:bupropion interactions

  54. Pingback:remeron headache

  55. Pingback:semaglutide weight loss reviews

  56. Pingback:actos withdrawal

  57. Pingback:indikasi acarbose

  58. Pingback:can you take ibuprofen with robaxin

  59. Pingback:abilify bpd

  60. Pingback:protonix half life

  61. Pingback:interaction between gemfibrozil and repaglinide

  62. Pingback:stromectol ireland

  63. Pingback:spironolactone 100 mg for acne

  64. Pingback:weaning off venlafaxine

  65. Pingback:goodrx sitagliptin

  66. Pingback:tizanidine and clonazepam

  67. Pingback:synthroid discounts

  68. Pingback:voltaren for achilles

  69. Pingback:tamsulosin is generic for

  70. Pingback:tadalafil 5mg generic

  71. Pingback:cialis online pills

  72. Pingback:how long does levitra last

  73. Pingback:is generic sildenafil as good as viagra

  74. Pingback:how much sildenafil is too much

  75. Pingback:sumatriptan pharmacy

  76. Pingback:levitra buying online

  77. Pingback:omeprazole pharmacy

  78. Pingback:liquid tadalafil side effects

  79. Pingback:viagra pill price in india

  80. Pingback:ivermectin price canada

  81. Pingback:can you buy stromectol over the counter

  82. Pingback:ivermectin 0.5% brand name

  83. Pingback:stromectol xr

  84. Pingback:where can i buy oral ivermectin

  85. Pingback:ivermectin 0.1

  86. Pingback:purchase sildenafil citrate

  87. Pingback:vardenafil prescribing information

  88. Pingback:how long does vardenafil last

  89. Pingback:tadalafil pronounce

Comments are closed.

START TYPING AND PRESS ENTER TO SEARCH