Conditions of entitlement - 5. You have passed an income test (from retirement age up to age of entitlement to old-age pension)

Your entitlement to an old-age pension from retirement age up to the age of entitlement to old-age pension is conditional on passing an income test. The income taken into account for this purpose is your income only (not that of your spouse) – both from work and not from work.

When you reach the age of entitlement to old-age pension, you will be entitled to the pension irrespective of your income.

For tje period during which you do not receive an old-age pension between retirement age and the age of entitlement to old-age pension due to high income, you will be entitled to a pension deferral increment at the rate of 5% for every year.

Income test for a person who has income from work only
Income test for a person who has (only) income from sources other than work
Income test for a person who has income from work as well as from sources other than work

- Income from a pension paid under Israeli law or foreign law, or under a collective agreement or employment contract signed in Israel or abroad (such as a pension from your place of work or a pension from Germany).

- Linkage differentials on loans, deposits or savings plans, provided that they are exempt from income tax.

Please note,
You must notify the National Insurance Institute of any change in your income or in the income of your spouse until you reach the age of 70.

This age is not uniform for everyone, but is rather determined in accordance with one's date of birth. For women it ranges from 60 to 64, and for men it ranges from 65 to 67. At this age entitlement to the old-age pension is conditional on one's income from work and other sources. Income from pension is not taken into account.

This age is 70 for men and ranges from 65 to 70 for women, in accordance with their date of birth. At this age one is entitled to the old-age pension without a means test (irrespective of income).