Abstract
Recently, the European Union (EU) has called for the development of a new pan-European Pension Product (PEPP), in order to increase long-term savings among EU member states. To promote the take-up of PEPP, The EU’s commission recommended individual tax benefits at the national level. In this note, we show a linkage between individual tax benefits and the development of Israeli pension funds, as a result of changes in tax regulations by the Israeli government. Our results support the EU’s recommendations for individual tax incentives and provide a useful guideline for policymakers.
Keywords: PEPP; Tax Incentives; Pension; Israel
Abbreviations: DC: Defined Contribution; DB: Defined Benefit; EU: European Union; EC: European Commission; IA: Impact Assessment; DW: Deposits to Withdraws; PEPP: Pan-European Pension Product
Keywords: PEPP; Tax Incentives; Pension; Israel
Abbreviations: DC: Defined Contribution; DB: Defined Benefit; EU: European Union; EC: European Commission; IA: Impact Assessment; DW: Deposits to Withdraws; PEPP: Pan-European Pension Product
Original language | English |
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Number of pages | 4 |
Journal | Annals of Social Sciences & Management Studies |
Volume | 7 |
Issue number | 4 |
DOIs | |
State | Published - 23 Aug 2022 |