Capital Market and Insurance Authority Proposes Extension of Deposit Coverage for Reservists and Self-Employed Individuals

by time news

2024-02-10 18:05:00

The Capital Market and Insurance Authority proposes to extend the period during which there will be expression coverage for deposits even if they were not actually deposited to employees. This is also about reserves to whom no deposits have been made in recent months. At the same time, it seems that even self-employed people who did not deposit into provident funds and training funds due to being in the reserves, will rightfully get the opportunity to do so in the future.

MK Osher Shekelim (Likud), submitted a bill to preserve the rights of wartime reservists in provident funds and education funds. These are mainly end-of-year deposits that express large tax benefits. However, many reservists could not deposit money into the funds and funds during the time of the reserve. They missed the benefits The largest tax.

Unfair and the intention is to fix it. According to the bill in which the Chamber of Insurance Agents was also involved, a self-employed person who was a reservist during the period, may deposit funds to provident funds and training funds until April 30, 2024 and request that they be included in 2023 and claim the relevant tax benefit for 2023.

For the aforementioned employees, it is expected that the employer has set aside the deposits for the provident funds and the training funds. The problem with deposits for employees is that there are many who are in unemployment and reserves and the deposits are irregular. This is what the Capital Market and Insurance Authority is trying to solve by extending the insurance coverage even for a period when there are no deposits for 12 months instead of 5 months in the past.

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