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Pension & Savings Cheat Sheet
Israeli retirement and savings vehicles explained, from pension funds to Keren Hishtalmut.
קרן פנסיה
Keren Pensia
The standard Israeli pension fund providing retirement income, disability insurance, and survivor benefits.
Literal: "Pension Fund"ביטוח מנהלים
Bituach Menahalim
An insurance-based pension product sold by insurance companies, common before 2008 pension reforms.
Literal: "Managers' Insurance"קופת גמל
Kupat Gemel
A long-term savings/investment fund with tax benefits, used for retirement or other purposes.
Literal: "Provident Fund"קרן השתלמות
Keren Hishtalmut
A tax-advantaged savings fund unique to Israel. Withdrawable tax-free after 6 years for any purpose.
Literal: "Study Fund"קופת גמל להשקעה
Kupat Gemel L'Hashkaa
A flexible investment vehicle with favorable capital gains tax treatment (25% instead of 30%).
Literal: "Investment Provident Fund"פיצויים
Pitsuyim
Legally mandated severance pay equal to one month salary per year of employment.
Literal: "Severance / Compensation"דמי ניהול
Dmei Nihul
Annual fees charged by pension funds, provident funds, and savings plans to manage your money.
Literal: "Management Fees"תשואה
Tsuaa
The investment return generated by a pension fund, savings plan, or portfolio over a given period.
Literal: "Returns / Yield"צבירה
Tsvira
The total accumulated savings balance in your pension or savings fund at any point in time.
Literal: "Accumulation"מסלול השקעה
Maslul Hashkaa
The investment strategy inside your pension or savings fund: for example equity-heavy, balanced, or bonds-only.
Literal: "Investment Track"גמל ילדים
Gemel Yeladim
A government savings account (Chalon Yelad) opened for every Israeli-born child, accessible at age 18.
Literal: "Children's Savings"תגמולים
Tagmulim
Contributions made to a provident fund or pension - split between employee and employer shares.
Literal: "Benefits / Proceeds"פיקדון בנקאי
Pikdon Bankai
A short- or medium-term fixed deposit held at a bank, earning a guaranteed interest rate.
Literal: "Bank Deposit"