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Withdrawals from Provident and Pension Funds

When withdrawing funds from provident funds and pension funds we are also required to pay a significant amount of taxes. The tax rate for these withdrawals is at least 35% and can go up to 50% f.

Our firm specializes in withdrawing these funds with reduced taxation and even full tax exemptions, while maximizing the legal benefits.

It is important to emphasize that the pension funds do not fully transfer in an inheritance, therefore it is of great importance to be familiar with this possibility and know how to use the funds wisely.

For example, a person without inheritors, accumulated NIS 2 million during his lifetime until he reached retirement age. He started receiving the monthly allowance but passed away a few months later. In this case money remaining in the pension fund would go to waste. How can the money be preserved?

Another example, a person wants to withdraw his compensation money from his long term pension fund. Unknowingly, in the event that this wish is realized, he will actually cancel out his right to receive a monthly allowance from the pension fund. What should this person do?

We can help. Our firm specializes in preserving and optimizing your pension funds, provident funds, and executive insurance. For a consultation, contact us.

Tax Solutions

Preliminary Taxation

Tax Hearings

Taxation in Retirement

Withdrawals from Provident and Pension Funds

Real Estate Taxation

International Taxation

Encouragement of Capital Investments Law

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