The National Insurance Institute is at your side during your life, from birth to advanced age, granting you a variety of social rights adapted to changing life situations.
The National Insurance Institute is responsible for the social security of Israeli residents.
Its primary mission is to ensure means of subsistence for those unable to earn their living.
The National Insurance Institute collects insurance contributions from all residents according to their social background and status, and pays benefits to those entitled. Hence, the income of economically established groups is transferred to weak and vulnerable groups and, thereby, the National Insurance Institute contributes to a more equitable distribution of national income and the reduction of dimensions of poverty. Further information...
These benefits include, for example, meals for employees and discounts that the company grants its employees such as discounted airline tickets (that airlines give to their employees) and free transportation (that bus companies give to their employees).
the income of one of your employees is equal to or less than the
minimum income for the payment of insurance contributions, you will pay
for that employee the same amount of contributions paid for employees
whose income is the minimum. The minimum income for the payment of
national and health insurance contributions is equal to the minimum
wage, as specified in the Minimum Wage Law, 5747 – 1987.
maximum income for the payment of insurance contributions is the
“ceiling” of wages for which insurance contributions must be paid. That
part of the worker’s wages which is less than or equal to the “ceiling”
is subject to the payment of national and health insurance
contributions, while that part of those wages which exceeds the
“ceiling” is exempt.
The maximum income for the payment of insurance contributions for an employee is NIS 44,020 (as of Jan 01, 2020).