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Today: The grants on the way to the bank account - everything you need to know Israel today

2020-08-02T05:26:15.882Z

| economyHundreds of thousands of grants will be distributed to citizens starting this morning, as part of the assistance provided by the state to deal with the corona crisis. • Every resident over the age of 18 will receive a grant of NIS 750 • An additional grant of NIS 500 will be given for each child - up to the fourth child. Who will get the money today? Photo:  Lior Mizrahi / Archive How much mo...



Hundreds of thousands of grants will be distributed to citizens starting this morning, as part of the assistance provided by the state to deal with the corona crisis. • Every resident over the age of 18 will receive a grant of NIS 750 • An additional grant of NIS 500 will be given for each child - up to the fourth child.

  • Who will get the money today?

    Photo: 

    Lior Mizrahi / Archive

How much money will go into our bank account? What are the last minute changes? And who will see the grant first? The government's grant program will be launched this morning (Sunday) after many discussions. "Israel Today" puts you in order and answers the main questions.

What is a "grant for every citizen" program?

This is an initiative presented by the Prime Minister, as presented in Japan and the United States, according to which every citizen will enjoy a fixed grant, without complicated criteria and without having to file a claim for it.

At first, the plan drew a lot of criticism, and after it was discussed in the government, changes were introduced, the main ones being: Those who earned more than NIS 651,000 in 2018 or 2019 will not be entitled to a grant, while populations entitled to benefits and benefits will receive an additional grant. Equal grant.

Archive photo: GPO

Also, in the original plan proposed the grant is given only to the first three children in the family (these are children up to the age of 18) and after the amendments made to it following government discussions, each child is eligible for the grant, although after the fourth child in the family the marginal grant decreases.

What is the cost of the program? Who approved it?

As mentioned, the plan was proposed by the Prime Minister, and the Minister of Finance joined and supported the matter. It was then discussed in the government, changes were made to it and it was approved by the government. It was later approved by the Knesset and passed by a majority of 68 MKs, without opponents. The cost of the final plan is estimated at NIS 6.75 billion.

How much will each one receive?

Every adult over the age of 18 is entitled to a grant of NIS 750, unless he has earned more than NIS 651,000 in 2018 or 2019. Adults who are entitled to social security benefits or benefits will receive a double grant - NIS 1,500 instead of NIS 750. Soldiers are entitled to a grant, like anyone above Age 18. Soldiers who are released during this year will be entitled to an additional grant of NIS 500. Parents of children will receive a grant for their children in the amount of NIS 500 for the first child and an additional NIS 500 for each child up to the fourth child, inclusive. From the fifth child onwards, each child will receive an additional NIS 300 from his parents.

I am a soldier in the national service, will I be entitled to a grant?

For the purposes of this law, a soldier in national service is no different from an IDF soldier and will be entitled to a grant of NIS 750. National service servants who are released during the year will be entitled to an additional grant of NIS 500.

Is it necessary to file a claim for a double grant?

Anyone who does not receive a double grant even though he belongs to one of the qualifying groups will be able to file a claim to complete the grant within a year.

Who will see the money in the account today?

In the first phase, the National Insurance will today transfer a payment for the children, for example, a family with three children will today receive only NIS 1,500 for the children, and in the coming days the money will be transferred for the parents - an additional NIS 1,500. 

For the children, the institution will transfer the grant to the bank account to which the child allowance is transferred on a regular basis. Spouses who manage a joint bank account will receive a grant of NIS 1,500 for both spouses. Spouses who do not have a joint account will receive each separately. 

My account is limited and I have debts to various institutions, is there a way to get the grant without it being deducted?

Yes. The law stipulates that the grant money will not offset previous debts, nor debts to Social Security and income tax.



I do not have an active bank account, how will I receive the grant?

If you do not have a bank account, or the Social Security has not been able to locate it, Social Security will send a message stating that you can go to a post office bank branch and use an ID card to withdraw the grant you are entitled to in cash.

Is it already allowed to withdraw money from my study fund, even though it is still not liquid?

Yes, if you or your spouse are an employee of Khalat, or are fired, or you or your spouse is self-employed and the income in the month prior to the withdrawal decreased, you can withdraw up to NIS 7,500 from the fund without tax, even though it has not matured.

What other grants can be received due to a decrease in revenue?

All of the assistance programs for businesses and dealers in Corona are still active, except for the first beat. You can go to the Tax Authority website and see the variety of programs.

Source: israelhayom

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