Deposit a Million Shekels in a Training Fund and Pay Tax on It: Why Is It Still Worthwhile?
A training fund indeed offers particularly worthwhile tax benefits, but they are subject to an annual deposit ceiling of about 20,500 shekels. However, sometimes it has hidden advantages that make even depositing higher amounts especially…
Assessment
The article challenges the conventional wisdom that high deposits into a Histalmut fund are tax-inefficient beyond the annual cap. It suggests hidden advantages may make even a million-shekel deposit worthwhile despite the tax hit. Readers should watch for the specific scenarios where these benefits apply, likely involving employer matching or long-term compounding effects that outweigh the immediate tax cost.