bonus
Deposit to a continuing education fund: up to 4.5% of income (maximum). The deduction: 4.5% of the income as a recognized expense.
attraction
Tax-free withdrawal after 6 years (3 years for age 60+). Exemption ceiling: about NIS 19,920 per year.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.