Pensioner and self-employed person

​Definition / Conditions

1. He meets the definition of pensioner
2. He meets the definition of self-employed person
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 the payment of insurance contributions

1. As a self-employed person, he has the obligation to pay insurance contributions based on his income up to maximum income liable for the payment of insurance contributions (thereafter "maximum income"), which amounts to: NIS 49,030 (as of Jan 01, 2024).
2. As a pensioner, until January 31, 2004, he must pay insurance contribution based on half his pension. As of February 1, 2004, his obligation is on the basis of the full amount of his pension, though after taking into account his income as a self-employed, on condition that it does not amount to the aforesaid maximum income.
3. Between July 1, 2002, and June 30, 2003, his obligation is based on half his income from pension without maximum income limitation.