This is the case where it is appropriate to go all in

With an attractive and smart investment provident fund, you can enjoy the best of both worlds – savings that on the one hand includes all the known advantages of a long-term investment instrument, and on the other hand, the liquid assets on a daily basis.

Facts on the character of the provident fund for investment:

• Was released in 2016.
• Its purpose is to encourage people with savings to save more.
• Its purpose is to save for the family, children or retirement age.
• It is possible to deposit up to 70,000 NIS in a calendar year, in a way that suits each and every one – in a one-time deposit, a monthly deposit or a combined deposit.
• The investment tracks are diverse – you can choose any track – stable or volatile – depending on your considerations.
• The tracks are flexible for everyone, and moving between investment tracks does not involve paying tax, unlike savings policies.
• Its liquidity is optimal – the funds can be withdrawn at any stage with a notice of four business days.
• There is complete transparency on a daily basis, and you are able to view all the data on the website of the company you chose to invest in.
• The management fees are at a comfortable level – they are not too expensive, from the accumulation only (0.7%).
• Withdrawing the funds in the form of capital will require you to pay capital gains tax. If the withdrawal is made after the age of 60 – it entitles you to a full exemption from paying tax.
• You can take a loan on favorable terms at the expense of the provident fund for investment.
• You can register in any way, including digitally.

So if you haven’t registered yet – now is the time