Withdrawals

Withdrawing money from pension savings in Israel has important tax consequences. Monthly pension payments are partially tax-exempt, while lump-sum withdrawals may be fully taxed. Learn about the tax-free pension allowance, the calculation of taxable amounts, early withdrawal penalties, and how different withdrawal methods affect your total tax.

  1. Withdrawal of monthly allowance

    Receiving a monthly pension

  2. Withdrawing money from a pension fund

    Withdrawal of funds from a pension fund as a lump sum

  3. Early withdrawal from pension

    Withdrawing money from a pension before retirement age

  4. Withdrawal of funds from a provident fund

    Taxation of withdrawals from a provident fund

  5. Retirement events and taxation

    Taxation upon retirement