How long do I need to keep my payslips ?

There are several things to take into account before discarding your payslips:

1. Make sure  you have your annual 106 form, which is a proof of employment for tax, social security and any other official purpose.

2.  The law for outdated material is 7 years, so keep at the very least your last 7 years’ payslips.

 

While some people find it tideous to keep payslips on file, I personally recommend keeping them all for the following reasons:

1. You never know when you may need a specific payslip (registration of a child in a day care center usually requires this)

2. If there is any discrepancy between social benefits deducted from your payslip as opposed to what has actually been transferred by your employer to the funds, month by month. (Although you are supposed to receive an annual statement from the fund – you may need to prove after comparing against your payslips, in order to demand the difference. The annual 106 form will list the accrued annual deductions but will not have a month by month breakdown.

3. Social security (Bituach Leumi) is not always updated correctly as to your place of employment and the months you worked. In order to avoid any possible setbacks in stipends applied for (most notably "old age stipend")  such as demands for back-pay for credits towards social security for supposedly unemployed  months that you actually worked for but somehow are missing from the social security files.

4.  Israel, being a very unique place in terms of labor laws, employee rights, etc that are often changed – you can always throw them out later.

 

 

Moshe Egel-Tal, CSPP
Founder and CEO, Israpay   "making payroll simple"

 Sitehttp://www.israpay.com
 Email:  mo***********@gm***.com

Skype: motal7

Snail Mail:  p.o. box 44429 Jerusalem, Israel 91443

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Published by motal7

Israpay was founded in 2009 with the goal of helping Anglos better understand Israeli labor laws. Whether you are an employer or an employee it is imperitive that you understand what employee's rights are. If you are an employer this will help you avoid possible lawsuits in the future and/or legal sanctions by the Ministry of Industry, Trade and Employment's Administration of Enforcement and Regulation dept. If you are an employee, it is imperitive that you know what your rights are and how to read your payslip. Israpay has vast experience in setting up and implementing payroll departments and procedures for companies to suit their needs. private consultation is available to both employees and employers.

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3 Comments

  1. My Payslips contain all personal information which would enable someone to steal your identity, it contains my Date of birth, Bank details, NI number, full name and address. I think that being sent the payslips through my employers email system would be a safer option. Can you request for this to be done or do you need to have them sent out via post

    1. First, most Israeli payslips do not have birthdates on them. True they have a lot of private information, and precisely for this reason most respectful employers issue payslips in personally addressed and sealed envelopes. Some large corporations issue all employees a sign-in user name and password to access their payslips on-line. whoever wnats to can print out a copy or save it to their computer. However, the tax authorities do not recognize these copies as originals and according to the labor laws employers are required to issue a printed hard copy payslip. So it may be more secure and convenient, but it not legally binding yet.
      Most employers do not have the capability in their payroll programs to do this.
      If your employer has the option, you probably would need to request it, but you may find yourself in need of getting your copy stamped and signed as an official copy of the original.

      Moshe

    2. Date of birth is not listed on Israeli payslips. The same logic you could say for any document – don’t save anything with your name on it or your social sec # either.
      Don’t take this too far….
      In Israel there are many cases where a company goes bankrupt, the annual tax report isn’t filed as there is no one to do it – all employees were terminated. and an employee, 20 years later applies for an old age stipend and the Social Security Office tells him he didn’t work for a year or so and he owes Social Security for that time, as an unemployed person, with interest of course, and he will need to prove he worked – via his pay slips. This is a nightmare you want to avoid.

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