Provident Funds or kupot gemel are long-term saving funds that have various tax benefits upon contribution as well as for the investments held with the fund.

Typically provident funds are used for retirement savings and for severance-pay, whereby, both employer and employee make regular contributions into a fund that is held in employees’ name.

There are other forms of provident funds, such as provident funds for minor and provident funds for investment which have specific terms and conditions.

Provident funds are offered by insurance companies and investment houses and can be managed from conservative to aggressive risk levels, depending on client’s need and profile.

We work with the leading providers but also manage provident funds directly as an investment manager.