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.
Pension Fund
Retirement savings: tax-deductible contributions, tax-free growth, taxable annuity at retirement. For employees, the employer contributes a significant share.
Category
Pension & Savings
Hebrew
קרן פנסיה
English
Pension Fund
Related terms
Tax-Advantaged Account
Vehicles where growth is not annually taxed: Keren Hishtalmut (fully exempt), Gemel Lehashkaa (taxed at withdrawal), pension funds. Many Israelis leave these allowances unused.
All terms in this category
Keren Hishtalmut (Study Fund)Gemel Lehashkaa (Investment Provident Fund)Pension Management FeesManagers Insurance (Bituach Minahalim)
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