Pension Fund
Retirement savings: tax-deductible contributions, tax-free growth, taxable annuity at retirement. For employees, the employer contributes a significant share.
Pension Management Fees
The annual percent charged on your pension balance. Every 0.1% saved over a 30-year career is worth tens of thousands of shekels. Negotiable — and worth negotiating.
Category
Pension & Savings
Hebrew
דמי ניהול בפנסיה
English
Pension Management Fees
Related terms
Expense Ratio (TER)
The annual percentage a fund charges. 0.07% (CSPX) vs 1.5% (an active fund) sounds tiny — over 30 years it equals tens of percent of your final balance.
All terms in this category
Keren Hishtalmut (Study Fund)Gemel Lehashkaa (Investment Provident Fund)Pension FundManagers Insurance (Bituach Minahalim)
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