A Keren Hishtalmut is a mid-term Savings/Investment fund designed for both those who are self-employed and for employers who wish to provide such a fund for his employee.
Payments into the fund are tax deductible and the fund can be redeemed in a lump sum tax free after it has been active for at least six years. Such a fund gives you all the advantages of managed savings, through a variety of investment strategies from which you can choose.
