Tag Archives: employee

Social Security reconciliation

How is Social security configured ? Social Security and Health tax are mandatory deductions from gross pay. In addition to the employee’s contribution there is also an employer’s contribution. They are configured at two rates: a lower rate for gross … Continue reading

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The Pension Test

If you want to retire with a “normal” amount of pension, you need to be sure you are utilizing to the maximum the options available to you. In order to do this you must first understand the makeup of pension … Continue reading

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New mandatory area tax

As expected the new area tax goes into effect today, March 20th, 2011. This new tax effects all workers in Israel. In fact it has been kept so secret, that you probably haven’t heard anything about it on the news. … Continue reading

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Job searches and employment agencies in Israel

So, you got terminated from your last job recently or you decided to find a job. What do you do first ? Well, you should always keep your CV updated, for starters. Secondly, you can scan the want ads in … Continue reading

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All about clothing stipends

             The clothing stipend, or dmei bigud in Hebrew is not a labor law, and thus not all employers are liable to pay it. There are several ways in which an employer can pay the clothing … Continue reading

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A new site launched ! everything you wanted to know about negative tax stipends

 If you are a salaried employee and make less than 6,200 shekels (gross) you are probably eligible for the negative tax stipend. Up until this year, the stipend was gradually worked in, first available only to certain area residents, but … Continue reading

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Changes in pension plan rates in public sector

The new referendum issued by the finance Ministry applies to all public sector employees and is in effect from Jan 1, 2011 According to this referendum, both employee and employer contributions towards benefits in Kupot Gemel for pension will be … Continue reading

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Five signs of a bad boss

There are many indications that one can detect if they are aware of them, even in job interviews (!), that will indicate a "bad" boss or mildy put "an employer you do not want to work for. This is especially true in Israel, where … Continue reading

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Are you employed in two places of employment simultaneously ?

Are you presently employed by two employers as a salaried employee ? NOTE: if you are employed by more than two employers, you will need to go to your local Bituach Leumi with a copy of each of your payslips … Continue reading

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Chapter 37 of the tax law – credit for support of one’s spouse

Everyone supports their spouse ! Well at least they should, I mean that’s what spouses are for, to support each other. Yes, but that’s not the kind of support we’re talking about here. Up until Dec 31, 2004, if a … Continue reading

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