Study Funds

Study Funds

Study funds are an excellent medium-term savings vehicle, for either salaried employees and the self-employed. The underlying principle is simple: You deposit a specific amount of money each month, or a lump sum at the end of the year (if you are self-employed) and let your money gain returns over the next few years.


What is a study fund and what are its advantages? A study fund is a medium- to long-term savings vehicle for either salaried employees or the self-employed, which grants tax benefits on contributions to the fund, as well as on accrued profits over the investment period up to the maximum amount of deposits allowed. The funds are managed in a variety of investment tracks, from which you can choose the one that is right for you. The funds accrued in the fund are liquid for capital withdrawal after 6 years from the date of the first deposit, or after 3 years in case the money is used for continuing education or if the member has reached retirement age. There is no obligation to withdraw the funds after 6 years. Money can be left in the fund where you can enjoy returns on your savings.

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Legal Note:

*The foregoing does not constitute a substitute for personal pension advice and/or marketing and/or tax advice adapted to each customer’s needs. * The Company may subsequently alter the nature of the investment policy and/or the composition of assets, as shall be decided from time to time, subject to the funds’ articles of association and to the legislative provisions. * The foregoing should not be construed as a commitment by the Company to achieve excess returns, and information on returns achieved in the past is not indicative of future returns. * The above is subject to the provisions of the law and to the provisions of the relevant articles of association. * * The foregoing should not be construed as an exhaustive review of the nature of the investment policy in the various tracks. Detailed information regarding the investment tracks and their investment policies can be found each fund’s web page.