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Provident fund investment
Investment provident fund This is a savings fund from which you can withdraw money at any time!
With the payment of tax on the profits or wait until retirement age and withdraw the funds as an exempt pension (up to a ceiling)
You can deposit up to NIS 70,000 a year. The funds are invested in different routes of securities of different types like stocks, corporate bonds, government bonds, cash and more according to the client’s choice.
Worth knowing: Switching between investment paths within a provident fund and an investment
This is not considered a tax event unlike a regular securities portfolio in a bank or investment house
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