A Keren Hishtalmut is a savings and investment fund for the self-employed and employees that serves as a general and not necessarily long-term savings and investment channel.
through the fund, it is possible to actually invest in various tracks according to risk, such as the stock market, government bonds and even an investment that simply follows the S&P 500 index.
The total provisions for Keren Hishtalmut are recognized as a full tax expense! Therefore, a Keren Hishtalmut fund for the self-employed is very worthwhile. Also, when you withdraw the amount plus the profits in the Keren Hishtalmut, there is no need to pay any tax and all the money goes into the bank account.