It is impossible to predict the future, but you can certainly prepare for it. So even if retirement seems far away, it’s a good idea to start saving right now, to make sure you have enough money when you retire or in case of an insurance event.
In 2008, the Mandatory Pension Extension Order came into effect, requiring employers to make pension contributions for their employees. The order allows each employee to save towards retirement using a pension fund and/or provident fund. In addition, an amendment to the Supervision of Financial Services Law (Provident Funds), 2005 was passed, according to which any rewards contribution will be designated as a retirement annuity. Placing your pension savings with Altshuler Shaham is a great way for you to enjoy professional management, find a solution to your pension needs and enjoy lawful tax benefits.
Our pension funds:
Altshuler Shaham offers employees, self-employed individuals and employers two types of pension funds: A comprehensive fund which comprises insurance coverage and features seven pension tracks and a general pension fund which allows savers to receive a monthly annuity according to their balance.