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Live Terminal
Economy · Full coverage

Israel Raises Tax Exemption Rate on Pension Payments with Key Rules for Maximizing Benefits

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Israel Raises Tax Exemption Rate on Pension Payments with Key Rules for Maximizing Benefits
100% center
Center 2

By ענת גלעד

First reported by Mako · Jul 13, 2026

What happened

Israel has increased the tax exemption rate on qualifying pension payments to 57.5% in 2026, with further rises planned. Pensioners must file Form 161D to allocate their exemption between monthly payments and lump sums, as prior tax-exempt severance withdrawals reduce exemption amounts. Careful planning is essential to maximize benefits and avoid costly mistakes.

  • 01Israel raised the 2026 tax exemption rate on qualifying pensions to 57.5%, up from 57% in 2025.
  • 02The monthly exemption ceiling is about 9,430 shekels, allowing a maximum tax-exempt pension of 5,422 shekels.
  • 03Prior tax-exempt severance withdrawals reduce pension exemption via a formula multiplying withdrawn amounts by 1.35.
  • 04Retirees must submit Form 161D to fix rights and allocate exemption between monthly pensions and lump sums.
  • 05Decisions on exemption allocation are nearly irreversible and require professional advice to avoid costly errors.
  • 06The exemption rate will increase to 62.5% in 2027 and 67% in 2028, with ceilings adjusted for inflation.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story
People
OrganizationsIsraeli Tax Authority, Bizportal
PlacesIsrael

Full coverage · 2 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

MakoCenter · HebrewJul 13, 2026
Israel Raises Tax Exemption Rate on Pension Payments with Key Rules for Maximizing Benefits
N12Center · HebrewJul 13, 2026
Israel Raises Tax Exemption on Pension Allowances with Key Planning Steps for Retirees

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