Self-employed persons who are 18 years of age and over but who have 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.
Will pay their contributions according to the following specifications:
For that share of their income which is 60% or below of the Average Wage of National Insurance LawThe reference is to the average wage according to the National Insurance Law. It is calculated according to a method determined in the Law, on January 1st of every year, and afterwards each time that a compensation is paid. NIS 7,522 (as of Jan 01, 2024) they pay national insurance contributions equivalent to 2.87% (as of Jan 01, 2017) of that share and pay health insurance contributions equivalent to 3.1% (as of Jan 01, 1995) of that share.
For that share of their income which exceeds 60% of the Average Wage of National Insurance Law up to the maximum level of income for which national and health insurance contributions must be paid, they pay national insurance contributions equivalent to 12.83% (as of Jan 01, 2017) of that share and pay health insurance contributions equivalent to 5% (as of Jan 01, 2006) of that share.
For the table of insurance rates and amounts for self-employed persons, press here
If you are a self-employed person and are above the 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.
If you do not receive an old-age pension:
- You pay national insurance contributions at the (reduced) rate of 5.47% (as of Jan 01, 2017) of that share of your income which is 60% or less of the average wage, 0.04% (as of Apr 01, 2011).
- You pay national insurance contributions at the (regular) rate of 15.62% (as of Jan 01, 2017) of that share of your income which exceeds 60% of the average wage.
These rates include health insurance contributions.
If you receive an old-age pension:
- You pay national insurance contributions at the (reduced) rate of 0.17% (as of Jan 01, 2017) of that share of your income which is 60% or less of the average wage, 0.04% (as of Apr 01, 2011).
- You pay national insurance contributions at the (regular) rate of 0.78% (as of Jan 01, 2017) of that share of your income which exceeds 60% of the average wage.
These rates include only national insurance contributions. The health insurance contributions are deducted each month from your old-age pension in the amount of NIS 223 (as of Jan 01, 2024).