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Atzmai (self-employed) contributions for 2019

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 2019 tax year can be found below. Pension Contributions How much am I obligated to contribute? The income upon which one is obligated to contribute [...]

Change in Obligatory Pension Contributions – Tikun 16

Change in Obligatory Pension Contributions – Tikun 16

By Hani Noiman, Director of Pension Department, Goldfus Insurance

In 2008 new regulations were fixed obligating employers to contribute into a compulsory pension account (policy or fund) for their employees. These regulations (known as Pensiat Chova/Tzav Haharchava) state that the contributions would increase every year on a sliding scale until 2013.

As of January 2017 – Obligatory Pension contributions for the self-employed

As of January 2017 – Obligatory Pension contributions for the self-employed (Atzmaim)

by Danny Newman, Branch Manager – Beit Shemesh, Goldfus Insurance

Approximately 12.5% of the current work force in Israel (the equivalent of approximately 400,000 people) are self-employed, neither having an enforced contribution to pension savings, nor an employer paying contributions as a regular salaried employee has.

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