IRA Account
An Individual Retirement Account (IRA) is a financial product that enables you to maintain full control over the management of your funds and investment portfolio.
At Priori Investment House, we provide our clients with the ability to manage their IRA funds (subject to working with an authorized custodian) through personalized portfolio management tailored to their individual needs and preferences.
This solution is designed for clients who are interested in having full oversight and control over their financial assets.
Managing an IRA account allows for a customized investment approach while maintaining alignment with your personal investment policy.
IRA Accounts Can Be Managed in the Following Cases:
Amendment 190 funds (Income Tax Ordinance) – whether deposited directly into a self-managed account or transferred from an existing account under Amendment 190 within a standard investment track. At the time of account opening, eligibility requires proof of receiving a minimum pension (ILS 4,498 gross as of 2021) or accumulated pension assets of at least ILS 1.343 million.
Study Fund (Keren Hishtalmut) – from a minimum balance of ILS 200,000.
Liquid provident funds deposited up to 31.12.2005 in an individual provident fund account, where at least 15 years have passed since the first deposit.
Funds deposited up to 31.12.2007 in independent or employee provident funds, from age 60 onward.
Beneficiary funds – directly transferred from a deceased account holder’s fund or an account registered in the beneficiary’s name.
Severance funds following tax settlement.
