Pension Savings
Found 4 recent publications
Capital Market Authority clarifies: Penalty on Neeman Insurance Agency was not imposed on its owner
The Capital Market Authority has imposed a 10.5 million shekel fine on Neeman Insurance Agency for serious violations regarding pension fund withdrawals. The regulator clarified that the sanctions apply to the agency, not directly to its CEO, Naor Neeman.
Tax benefits: credit, deduction, ceilings and who actually uses them
For every shekel deposited into pension savings, the state returns a portion through two completely different mechanisms: a credit (zikuy) under Section 45a, which reduces the tax itself, and a deduction (nikuy) under Section 47, which reduces the taxable income. The guide explains the difference, shows a full calculation of how much a self-employed person saves on an income of 280,000 shekels...
Slice victims appealed the closure of complaints: "Police failure"
Lobby 99 filed the appeal on behalf of two savers who filed private complaints with the police, claiming they were induced to transfer their money to Slice through deceitful means. Three years after the exposure of the affair in which hundreds of millions of shekels disappeared, Lobby 99 claims that the police are not advancing a criminal investigation despite information in their possession.
Insurance Agency Fined 10.5 Million Shekels for Defrauding Clients
The Capital Market Authority has imposed financial sanctions totaling approximately 10.5 million shekels on Ne'emanut Insurance Agency for violations in the pension sector. The agency misled clients and encouraged them to make illegal early withdrawals of pension savings.