Rates of insurance contributions for the self-employed aged between 18 and prior to 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.:
National insurance contributions | 4.47% | 12.83% |
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Health insurance contributions | 3.23% | 5.17%* |
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Total | 7.7% | 18% |
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* Full rate of health insurance contribution for January 2025 stands at 5.16%.
Rates of insurance contributions for the self-employed who is under 18 or has reached retirement age:
Those up to age 18 or who are receiving an old-age pension, will pay as follows:
- On the portion of income up to 60% of the average wage NIS 7,522 - a reduced insurance contribution rate of 0.26% .
- On the portion of income above 60% of the average wage - a regular insurance contribution rate of 0.78% .
These rates include only the payment of national insurance contributions:
Those under 18 - are exempt from the payment of health insurance contributions.
For those receiving an old-age pension - health insurance contributions are deducted from their pension at a monthly rate of NIS 231 .
Above rates involve national insurance contributions alone:
Those under 18 - are exempted to pay health insurance contributions.
Those receiving an old age pension - health insurance contributions are deducted from the pension, amounting to NIS 231 per month.
Those who reached retirement age and do not receive an old-age pension, will pay as follows:
- On the portion of income up to 60% of the average wage NIS 7,522 - a reduced insurance contribution rate of 6.92% .
- On the portion of income above 60% of the average wage - a regular insurance contribution rate of 15.79 .
Above rates involve health insurance contributions as well.
If the income from your profession be lower than NIS 3,134 per month, contributions are paid based on the minimum income.
Rates as of Jan 01, 2025