📅 Year-end reminder for business owners & freelancers
As we approach the end of the year, this is the perfect moment to pause and check one very important thing 👇
💼 Have you paid into your pension and Keren Hishtalmut?
✔️ Pension contributions are essential for your future security
✔️ Keren Hishtalmut is one of the most tax-efficient savings tools available
✔️ The maximum annual deposit for Keren Hishtalmut is ₪20,520
🔎 What is a Keren Hishtalmut?
Keren Hishtalmut is a six-year (almost) tax-free savings and investment plan available to people who work. It’s flexible, powerful, and an excellent way to build savings alongside your pension.
👩💼 If you are self-employed:
➡️ You can deposit up to 7% of your income
➡️ The first 2.5% is not tax-deductible, but the remainder may be
➡️ Any unused allowance at year-end is a missed opportunity
Missing the deadline could mean leaving valuable tax benefits on the table 💸
Before the year closes:
🔹 Check what you’ve already paid
🔹 See if you can top up
🔹 Make sure everything is aligned with your income and goals
A few simple checks now can make a big difference to your long-term financial wellbeing.