Education savings accounts in Israel function as a hybrid between a savings plan and an investment fund, available to both salaried employees and self-employed individuals. Under current regulations, these accounts enjoy capital gains tax exemptions, subject to certain contribution limits.
Proponents argue that raising the contribution ceiling for provident funds would enable retirees to secure higher pension payments. This contrasts with the current system, which some say inadvertently encourages one-time, liquid savings at the expense of long-term retirement planning.
Unlocking the full potential of the national initiative for your child's prosperous future
What to know about the new pension reform.
Financial experts stress the importance of proactive estate planning.
Although Pepsi has not announced a change to its logo, users were outraged after noticing a blue-and-white redesign on its caps. Israel Hayom could not independently confirm the photos.
Key costs to check and compare between your existing product and the one you're considering include the management fees for each contribution and the annual fee on accumulated savings.
The decision comes amid ongoing violent and antisemitic protests across the globe against Israel's self defense against Hamas following the Oct. 7 atrocities that killed 1200 Israelis and foreigners.
The survey highlights differences in financial confidence and knowledge gaps between men and women.
The company reported staggering revenue of $26 billion, blowing past the consensus estimate of $24.59 billion, and a jaw-dropping earnings per share (EPS) of $6.12, leaving analysts' expectations of $5.58 in the dust. This extraordinary performance has sent shockwaves through the financial markets and the broader tech industry.