Pension Taxation
Monthly pension payments are 67% exempt (up to ₪9,120/month ceiling). The remaining 33% is taxed at marginal rates. Combined with senior credit points (1.0 for men 65+, 1.5 for women 60+), many retirees with moderate pensions pay no income tax.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.