Pension recipient having income from a source other than work

​Definition / conditions

1. He meets the definition of pensioner.
2. He has an income not from work amounting to 15% of the average wageThe monthly average of the average wage per employee post in the last three months for which the Central Bureau of Statistics had data. .
3. He has not yet reached retirement ageThe age at which you will be entitled to the old-age pension, on condition that your income from work and from other sources does not exceed a certain amount. Income from work pension is not taken into account. Retirement is set at age 67 for men and 62-65, according to birth date, for women.

Impact on insurance contributions payment

As a person having income from other source than work, he has the obligation to pay insurance contributions based on his income up to maximum income liable for the payment of insurance contributionsThe amount of maximum income on which insurance contributions are paid. Insurance contributions are not paid on any income that is above this maximum. The maximum is updated every year in accordance with the rate of the rise in the Consumer Price Index. , which amounts to: NIS 49,030 (as of Jan 01, 2024). Besides, insurance and health contributions will be deducted from his pension payment.