Tell me what you earn and I will show you what is coming out of your pay right now, and what a registered annuity would change. You do not need your TD4. Nothing you type here leaves your browser.
Your pay before anything is taken out. If you get a payslip, use the gross figure (that is your pay before tax).
These decide how much room you actually have, and whether a second route is open to you. Answer what you know — leave the rest as no.
Type an amount, or drag the slider to try different figures. This money stays yours — it goes into your own retirement plan, not to the government.
I would rather tell you this now than sell you something that does not fit. If you want to talk about what would suit you instead, the offer below still stands.
Because a company can fund a plan for you under section 134(6), you are not limited to the $60,000 personal cap — and the company pays out of pre-tax money rather than you paying out of taxed income. The two are not interchangeable, so the order and the split matter.
| Personal registered | Company s.134(6) | Unregistered | |
|---|---|---|---|
| Most you could put in | $0 | $0 | No limit |
| Who pays and owns it | You | Your company | You |
| Who gets the deduction | You, against income tax | The company, against corporation tax | Nobody |
| Income when it pays out | Tax-free | Taxable | Taxable |
| Can you set it up alone? | Yes | No — the company must agree | Yes |
| Line | Now | With annuity |
|---|
Since 1 January 2026 the income from an approved deferred annuity is exempt from income tax when it matures. Relief going in, no tax coming out — but the exemption has conditions worth knowing before you sign anything.
If the number above got your attention, the next step is working out what actually fits your situation — your age, your existing plans, and when you want it to mature. A conversation costs nothing.
How exact is this? NIS is a step table based on your earnings class, so for a regular wage over a full year it is exact, not an estimate. The income tax and the deduction limit are exact. What I assume is that the tax on your pay was deducted correctly, unless you told me otherwise, and that you worked the full year. Irregular earnings, part-year work or self-employment will differ.
Where the numbers come from.
Please read. This shows the income tax effect of a deduction. It is not a tax return, not tax advice, and not a projection of what an annuity will be worth. You cannot get back more tax than was taken off your pay. Health surcharge is not reduced by an annuity. Confirm your own position with the Board of Inland Revenue or a qualified adviser before acting. Kyron Marchan is a registered insurance agent with TATIL & Tatil Life.