Economy

After years of financial difficulties in which she was forced to sell her family home, a widow in her 50s won the prize in Double Lotto. She is not alone: within a few days, three new winners arrived at the Mifal HaPayis headquarters, including a resident of the South who won 40 million shekels, who will buy an apartment for his soldier son, and a finance professional who will provide a...

Bank of Israel data reveals gaps in interest rates and mortgage tracks between the major banks. Experts explain why the average interest rate is misleading, how banks profit from each track, and what really determines the best deal for the customer.

A rare rehabilitation plan has been approved for a person who accumulated a massive debt and entered insolvency proceedings. The court in Rishon LeZion accepted the agreement of the parties, and the debt will be closed within two years.

An entry video, three meter readings, and a signed handover document are what get a 19,500 shekel deposit back. The law gives the landlord only three grounds to touch the security deposit, and 60 days to return the balance.

About 1.3 million families receive child benefits for approximately 3.2 million children, with the state depositing 58 shekels per month into each child's savings fund. While 28% of children in Israel live below the poverty line, studies indicate that reducing benefits has encouraged labor market participation while having a limited impact on birth rates.

A credit deal looks like just another way to spread out a purchase, but in practice, it is an interest-bearing loan. At an average interest rate of about 13.2%, a purchase of 20,000 shekels can reach more than 24,300 shekels when spread over three years. The difference between "installments" and "credit" can be worth thousands of shekels.

A startup can start from an idea and grow into an asset worth millions, but what happens if the couple separates along the way? Attorney Merav Aharon explains why entrepreneurs and high-tech employees should think ahead about shares, options, intellectual property, and the side that stays at home.

Ahead of election day, the Tax Authority has published clear guidelines regarding tax deduction rates for temporary election workers, clarifying procedures for both adults and minors.

Due to the weekend, the National Insurance Institute is updating on the early payment of a series of benefits and grants for hundreds of thousands of eligible people in Israel. How much money will you receive in your bank account and when exactly?

New data from the Jewish People Policy Institute reveals a surprising figure in Israeli society, as one group shows exceptionally high support for bypassing tax reporting and paying in cash without receipts.

The fixed date for the payment of long-term benefits for August falls this year on a Friday, and following rumors about an early payment, the National Insurance Institute has clarified the schedule. Significant early payments are expected in September due to the Tishrei holidays.

Those planning to work temporarily during the election period will benefit from a special tax arrangement: how much will be withheld, who is exempt, and why tax coordination is not required.

The National Insurance Institute's expenditure on medical cannabis reimbursements for work-related injury victims and victims of hostile acts has surged in recent years. Data shows a sharp increase in the number of eligible individuals, particularly among victims of hostile acts. Here is how the reimbursement mechanism works and who may be eligible.

Henry Shaul Schwarzbaum requested that profits from the sale of Applied Materials shares, received via options, be taxed at a rate of 25%. However, the District Court rejected his claim, ruling that the marginal tax rate must apply, as demanded by the tax assessor. The judge noted that Schwarzbaum benefited from the tax deferral under the agreement and cannot now disavow its terms.

The qwic app by WorldCom Finance consolidates international transfers, a digital wallet, and services for foreign residents and migrant workers, alongside a solution for Israelis who want to transfer money abroad.

A Russian word surged by 1,000% to the top of hot searches in Israel, against the backdrop of reports on pension increases in Russia starting in September. However, an examination of the agreement with Israel reveals that one of the prominent benefits — doubling the fixed component for those aged 80 and over — is not paid to pension recipients living in Israel. At the same time, thousands of...

Feed HaKesef is a podcast hosting leaders of Israel's largest financial communities to discuss investments, money, and current economic trends. In this episode, Noa Israeli, Merav Cohen Mor, and Oren Barsky explore the new generation of investors, professional management principles, and how to apply them to a personal portfolio.

Due to the upcoming weekend, the National Insurance Institute is adjusting the payment schedule for various benefits for hundreds of thousands of Israelis. Find out exactly when the funds will reach your bank account.

A new study sheds light on the heavy economic burden placed on reservists and their families: more than half report increased household expenses and career damage following their service. The situation is also troubling for the general public: 77% of parents in Israel are forced to cut back on buying clothes for their children, and 45% feel that the situation harms their ability to provide a good...

Meitav raised management fees for members in the default pension fund during the first 10 years, despite the Capital Market Authority prohibiting it. As part of a settlement, Meitav will return money to 10,500 customers, totaling 1.2 million shekels. Active savers will receive the refund in the form of an exemption from management fees for 7 months.

The author of 'Rich Dad Poor Dad' warns about the widening wealth gap and claims that the financial system operates against economic logic: 'Technology is supposed to lower prices, but they are playing with money.' These are the assets he recommends to protect savings.

The National Insurance Institute has published guidelines to help citizens better exercise their rights to benefits. In many cases, applicants may be eligible for additional payments, retroactive benefits, or re-examination if their health condition worsens.

Aviation clubs, promising discounted flight tickets, have become a major profit engine in the Israeli credit card market, with membership jumping to nearly 800,000. Fly Card, FlyAll, and SkyMAX cardholders spend twice as much as those with regular cards, driven by the desire to earn bonuses on their spending, especially abroad.