Why is this considered the best savings plan?
The Study Fund is a unique product unparalleled in the Israeli financial market. It offers a rare combination of tax benefits, redemption flexibility and high return potential - making it the most profitable savings instrument available today.
Why is this considered the best savings plan?
Short to Medium Term Savings
6+Money can be withdrawn after 6 years for any purpose, or after 3 years for professional development purposes
Capital Gains Tax Exemption
0%Unlike any other investment - no 25% tax on profits up to the annual ceiling
Managed Investments
FreelancersMoney is invested in the capital market in various tracks, according to client choice
Study Fund for Freelancers - Tax Benefits
SavingsThe Study Fund is one of the most powerful financial tools for freelancers. Beyond being a medium-long term savings, it has unique tax benefits that make it unbeatable:
The Importance of an Insurance Agent in Study Fund
Choosing the Right Company
SelectionTo choose the company that offers the highest returns over time
Negotiating Management Fees
SavingsHere too there's tremendous significance on cumulative profits over the years
Investment Track Matching
CustomizedAccording to client needs - general track, equity, bonds, or green/technology track
Monitoring and Performance
TrackingTo monitor performance and make adjustments over the years
Study Fund for Employees
Employees also deserve to benefit from a Study Fund - but here the deposit depends on an agreement with the employer:
Employer deposits from salary
EmployerEmployee adds from salary
EmployeeSaved from salary each month
TotalImportant to know: Here too, up to the annual ceiling (approximately NIS 19,920 for employees as of 2024) - profits are exempt from capital gains tax.
Study Fund for Freelancers - Tax Benefits
Deductible Expense
FreelancersA freelancer can deposit up to 4.5% of annual income (up to a ceiling of approximately NIS 263,000 as of 2024) as a deductible expense for income tax purposes. This means tax savings already at the deposit stage.
Tax Exemption on Profits
SavingsAs long as the deposit does not exceed the preferred ceiling (approximately NIS 19,920 per year as of 2024), the profits in the fund are completely exempt from capital gains tax - making the Study Fund the most profitable savings available in the market today.
In Summary
The Study Fund is the most profitable financial product available today - for both freelancers and employees. It provides tax benefits, capital gains tax exemption, and high returns in the capital market.
But - like any financial instrument, it's important to manage it correctly: choose a winning company, reduce management fees, and match the investment track to personal needs.
This is where the financial insurance agent comes into the picture, who accompanies the client and ensures the money really works for them in the most efficient way.