In this case, it’s worth going all in.

An Investment Provident Fund is a relatively young and attractive savings instrument that lets you enjoy the best of both worlds: Long-term investment benefits alongside high day-to-day liquidity.

The Investment Provident Fund – in a nutshell:

Launch year: 2016

Purpose: To encourage the public to save more

Use Cases: Savings for children, family, or retirement

Contributions: Up to NIS 70,000 per calendar year, through a lump-sum contribution, monthly deposits, or a combination—fully tailored to each individual.

Liquidity: Highly liquid. Funds may be withdrawn at any time, subject to four business days’ notice.

Management Fees: Tiered and reasonable. Charged on accumulated assets only, up to 0.7%.

Investment Tracks: A wide range of options. You may choose any track – growth-oriented or conservative -based on your personal preferences and risk considerations.

Portability and Flexibility: Flexible investment tracks for every saver. Transfers between investment managers are tax-free (unlike savings policies).

Transparency: Full, daily transparency. All data is available on the website of the company managing your investment.

Taxation upon withdrawal: Lump-sum withdrawals are subject to capital gains tax. Withdrawals made after age 60 qualify for a full tax exemption.

Loans: You may take a loan against your Investment Provident Fund under favorable terms.

Enrollment: Available through all channels, including fully digital registration.

Haven’t joined yet?