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Individual Retirement Account

CCSL’s Individual Retirement Accounts are managed by professionals with the technical expertise to help clients realise their retirement goals with the right type and mix of investments to match their income.

  • Benefit from Tax-deductible contributions and grow your  retirement fund, Tax-Free!
  • Flexible payment schedules for contributions
  • Free Financial & Retirement Planning Consultations

You work to satisfy your needs today, but what about tomorrow? Don’t wait to find out. Prepare for an easier tomorrow the smart way with a CCSL IRA, tailored just for you.

Frequently asked questions about Individual Retirement Accounts (IRAs)

What is IRA?
The individual Retirement Account is a long-term investment to create wealth over time, so you can have that money to retire more comfortably.
 
Who can open an IRA?
Now, employed persons, self-employed persons and young people, from age 18, can start investing for retirement with IRA. There has never been a better time to open one!
 
Young people can save in an IRA?
Yes! The earlier you begin, the more time you have to create wealth for later on in life.
 
What if I will soon be unemployed?
Redundancy gives you an opportunity to start a more solid long-term investment with any lump sum you receive and an IRA is a good place to put it.
 
How will my money be invested in the IRA?
To give you the best returns, CCSL will apply a balanced fund approach in the management of the IRA’s pool of assets. CCSL will invest in Money Market Instruments, Repos, Cash Equity (quoted on the Stock Exchange) or Real Estate.
 
How will my pension be paid?
On a monthly basis, sent to the address specified by you. Payment can also be sent to your bank or building society account.
 
Do I get any tax advantages with an IRA?
Yes. The IRA is exempt from income tax. It is treated the same way as NIS contributions. Also, you get the full amount of interest that is credited to you at the time of withdrawal. You do not pay the withholding tax.
 
Any other advantages?
Your account will be designed specifically to suit your financial standing. Your IRA will be managed by CCSL professionals who have the expertise to help you build wealth.