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. JPost and Calcalist report 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; Calcalist says the platform would place savings and investment products under one roof. Globes previewed the same reform as a major short- and medium-term savings overhaul, noting it still needs legislation. The plan is pro-growth and pro-family: more competition, clearer choices and stronger household saving.