Pension

Considering withdrawing your pension? It's probably the worst decision you'll make

Financial pressure is causing masses of Israelis to tap into their savings, but the future damage could be irreversible. The Capital Market Authority is trying to save you from yourself.

The illusion of quick cash. Israelis are eating into their pensions without understanding the damage
An elderly couple going for a run.

No time to retire: Why growing older does not have to mean slowing down

The aging process

Reading the signposts: What bus seats and pension meetings teach us about aging - opinion

NYC Mayor Zohran Mamdani speaks at a press conference at New York's LaGuardia Airport in Queens, New York, US, March 23, 2026

The Mamdani effect: BDS could cost NYC taxpayers $37 billion


Discount Bank launches “Smart Future,” Israel’s first-of-its-kind digital pension planning platform

This innovative digital platform is designed to help customers plan and manage their pension savings and insurance

Discount's "Smart Future"

Your Taxes: Leaving Israel? Leave your pension here

Section 87 seeks to preserve such monies until retirement age (men, age 67, and women, age 64, generally). The penalty for early payout is a 35% tax charge.

Israeli shekel

Israel’s pension gap begins long before workers reach retirement - opinion

The roots of Israel’s pension crisis lie in education, employment, and income, not in retirement age.

 View of the National Insurance Institute offices in Jerusalem. January 23, 2017.

Your Taxes: How does Israel tax foreign pensions? The laws all immigrants should know

US Social Security is exempt in both the US and Israel under the US-Israel tax treaty.

 Many Jews from abroad view property purchases in Israel as a form of pension plan.

Your Taxes: The National Insurance obligations for Israelis overseas - opinion

Relocating abroad? Israel’s National Insurance rules can follow you, with monthly payments and tax rules depending on your job and residency.

 View of the National Insurance Institute offices in Jerusalem. January 23, 2017.

Two of NYC’s five public pension funds are vulnerable to a mayor-backed Israel divestment push

Mamdani has stated his intention not to invest city funds in Israel bonds, in keeping with the current comptroller’s decision not to reinvest when $39 million in bonds matured in 2023. 

While the movement to boycott Israel has called for divestment since 2005, advocacy has ramped up in many places in the last two years during the Israel-Hamas war in Gaza.

NYC mayoral favorite Mamdani vows to end city investments in Israeli bonds if elected

Mayoral candidate supports halting pension fund purchases but stops short of full BDS backing.

 NYC democratic mayoral candidate Zohran Mamdani against backdrop of pro-Palestinian protesters. (illustration)

The pension name reform: Much more is needed - opinion

Name and branding changes are an important start, but they do not fully address the public’s most basic need: understanding.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Your Taxes: Recovering VAT on employee fringe benefits

Inputs for employees are defined as assets or services, such as meals, housing, gifts, or entertainment intended for the enjoyment, use, welfare, or benefit of employees or their family.

 An illustration showing VAT in 2025.

Lag Ba'Omer 2025 will act as vehicle to express prayers for hostages, soldiers, all Jews - opinion

Beyond the Headlines: A weekly glimpse into the Israel you won’t read about in the news

 An illustration signifying the importance of smaller steps as you climb a figurative ladder.