fbpx

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.

START TYPING AND PRESS ENTER TO SEARCH