Tax & Finance
Can I withdraw my keren hishtalmut when I leave Israel?
Yes, if you have completed the six-year holding period, you can withdraw your keren hishtalmut balance free of Israeli capital gains tax — whether you are leaving Israel or staying. If you have not yet reached six years, you can still withdraw but the gains portion (not the principal) will be subject to capital gains tax in Israel. The withdrawal process involves contacting your fund manager, submitting withdrawal forms, and providing banking details. Note that even a tax-free Israeli withdrawal may generate a tax obligation in your home country — US citizens in particular should take advice before withdrawing.
From the full guide: Israeli Pension System for Foreign Workers: Mandatory Plans, Keren Hishtalmut, and Your Withdrawal Rights
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Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy
Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy