Let's discuss taxation, retirement, and social rights for long-term immigrants in Benin and Israel.
Certainly.
In Benin, the tax system is progressive; higher earners pay more. For long-term immigrants, understanding this is crucial. Social security contributions fund benefits, including retirement.
Israel also has a progressive income tax system. National Insurance contributions are significant and cover unemployment, maternity leave, long-term care, and retirement.
In Benin, contributing to social security for a specific period qualifies you for a pension. Long-term immigrants generally have access to public healthcare and education.
Israel's healthcare is universal through National Insurance, and education is subsidized. However, new immigrants might face waiting periods for some benefits.
Planning to settle in either country? Consult a local expert to navigate the tax and social security systems.
Professional advice is essential to avoid complications.
Understanding these aspects is crucial for financial security and successful integration.
Agreed. While not the most exciting topic, planning for retirement and understanding social rights is vital.