The Israeli social security system is overseen by the Minister of Social Affairs and is administered by the National Insurance Institute.
All Israeli residents over the age of 18 are entitled to coverage, including housewives. Members of a kibbutz or who have immigrated to Israel at the age of 60 or more are not covered.
Social insurance contributions amount to 16% of the national average wage, or 24% for a couple.
Update 4/07/2008
If you want to move money abroad, from Israel or to Israel for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.