PARENTS
Child Savings Plan Israel - Guide for Parents
How much? National Insurance deposits 57 NIS/month per child (until age 18).
Since when? From birth, automatically.
Expected at age 18: ~20,000-30,000 NIS (depending on plan and returns).
How It Works
National Insurance deposits 57 NIS monthly from child allowance into savings. 50 NIS goes to the plan parents choose, 7 NIS to a government-chosen plan.
Investment Plans
| Plan | Risk | Expected Return | Best For |
|---|---|---|---|
| Stocks | High | High | Young children (time to grow) |
| Mixed | Medium | Medium | Any age |
| Bonds | Low | Low | Older children |
How to Choose
- Log into National Insurance website
- Identify with ID number
- Choose managing body (bank / insurance company)
- Choose investment plan
- If you don't choose - money sits in a bank account with minimal interest!
Tip: For young children (0-10) - stocks plan is recommended. 8-18 years until withdrawal, and historically the highest returns.
Reminder for Parents
Add a reminder in ALMO AI: "Check child savings plan." Make sure you've chosen a plan and aren't leaving money earning near-zero interest!
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