Finance Ministry Unveils Unified Savings Account Reform

Israel's Finance Ministry team published final recommendations for a unified investment account that would let residents hold mutual funds, savings policies and investment provident funds under one tax framework. The account would let savers switch products without triggering capital-gains tax at every move, with a lifetime tax-benefit ceiling of NIS 200,000 per saver, and the platform would place savings and investment products under one roof. The reform, previewed earlier as a major short- and medium-term savings overhaul, still needs legislation. The plan is pro-growth and pro-family: more competition, clearer choices and stronger household saving.