Nefesh BNefesh

Careful financial planning is an important aspect of the Aliyah process.

• In preparing a budget for Aliyah, keep in mind that the job search may take six to nine months.
• Take a look at a sample budget for a single, family or retiree.
• If you expect to receive money post-Aliyah from abroad, consult with tax accountants in Israel who are familiar with foreign and Israeli tax regulations.
• You will be receiving Sal Klita, (a monetary gift from the State of Israel). See Sal Klita for disbursement schedules.
• You will be notified of your eligibility once your Aliyah status has been approved.
• Where relevant, explore options for loan consolidation.
• Remember that currency values fluctuate. Be sure you have room in your budget to accommodate these fluctuations, especially if the foreign currency will be an important source of income.

• Get your bank to issue an ATM card that works abroad.
• Debit card/credit card: tell your bank you’re moving abroad so they don’t think the card is stolen. Have a PIN number.
• Learn how to transfer money to Israel using bank codes and authorization numbers.
• Cancel multiple credit cards.
• Explore online banking options.
• Consider granting power of attorney to a friend, relative or lawyer for your accounts.