What is the difference between Gemel and Keren Hishtalmut?

Gemel is a long-term provident fund for retirement. Keren Hishtalmut is a short-term provident fund with a 6-year lock-in, providing more accessible savings with separate tax benefits.

Can I withdraw Gemel funds before retirement?

Gemel funds are generally locked until age 60. Early withdrawal is subject to income tax on contributions and gains, losing the benefit of tax deferral.

Israel Gemel (Provident Fund) Tax Benefit Calculator

Calculate Israel Gemel provident fund contribution tax benefits: employer deduction up to 7.5% of salary, employee deduction up to 7% of salary capped at 34,700 NIS/month, and annuity conversion options.

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Frequently Asked Questions

What is the difference between Gemel and Keren Hishtalmut?

Can I withdraw Gemel funds before retirement?