Topic: Pension taxes in Israel

CPA in Israel

Tax Credit Points – Nekudot Zikui: Are You Using All Your Tax Benefits in Israel?

Tax Credit Points – Nekudot Zikui: Are You Using All Your Tax Benefits in Israel? Tax Credit Points: Are You Using All Your Tax Benefits?If you live and work in Israel, it’s important to know how to legally reduce your tax burden through tax credit points (נקודות זיכוי / nekudot zikuy). This mechanism is one

CPA in Israel

Made an early pension withdrawal in Israel – paid the tax. But can you get at least part of it back?

Made an early pension withdrawal – paid the tax. But can you get at least part of it back? We hear this question more and more often. Under current Israeli law, early withdrawal of pension savings known as tagmulim (the portion that actually forms your pension) is taxed at a flat rate of 35%. This