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Savings for Every Child

  • Every child receiving a child allowance under the National Insurance Law is eligible for this program.
     
  • The funds will be deposited on the date the child allowance is usually paid.
     
  • A child who, as of May 1, 2015, had not yet reached the age of 18, is entitled in addition to a retroactive contribution of NIS 50 for each month of eligibility from that date, in addition to the current deposits commencing in January 2017 and continuing until reaching the age of 18 (the rate of the retroactive deposit rate will be as decided by the National Insurance Institute).