Guide: How to change investment tracks in a Kupat Gemel LeHashkaa (קופת גמל להשקעה) under the Savings for Every Child program
If your child's savings plan is managed in a Kupat Gemel LeHashkaa (קופת גמל להשקעה), the law allows you to choose and change your investment track at any time. This is a simple digital process. The following guide demonstrates the steps in the personal area, using the Altshuler Shaham investment house as an example.
- Reading time
- 4 minutes
What should you prepare in advance?
- The mother's ID number (or that of the parent registered as the benefit recipient).
- The parent's mobile phone number to receive a verification code.
- The child's details (name and ID number).
Link to the relevant website
To get started, go to the website of the financial institution that currently manages your savings. For example, if your savings are managed by Altshuler Shaham, go directly to the Altshuler Shaham Gemel and Pension website. (Tip: If your savings are managed by another institution, search Google for the company name together with the words "personal area login").
Step-by-step guide
Step 1: Log in to the personal area
On the website login screen, enter your ID number and mobile phone number. The system will send a one-time code to your mobile phone; enter it in the window that opens and click "Send me a code" or the login button.
Step 2: Locate the savings fund
In the top menu bar, click the "My Products" tab. The system will display your family savings portfolio, where you can view the existing "Savings for Every Child" funds and their current balances.
Step 3: Navigate to the investment track transfer screen
In the top bar, click the "Common Actions" menu and then select "Transfer Between Investment Tracks". In the information window that opens, read the key points and click the white button at the bottom: "Perform the Action Online".
Step 4: Select the relevant account
This screen will display the children's savings accounts. Click the "Login" button. (Note: The system allows you to update only one account at a time, so if you have several children, you will need to repeat the process separately for each child.) Select the desired account, click "Continue", and then click "Next" on the following screen to begin completing the form.
Step 5: Enter the member's details (the child)
Complete the child's details in the digital form, including their full name and date of birth. Further down the page, enter your mobile phone number and email address, then click "Continue".
Step 6: Choose the new investment track
This screen will display a list of the investment tracks available in the fund. Select the track to which you want to transfer the money (for example, a high-risk child savings track) and click "Continue".
Step 7: Confirm declarations and sign
Read the form terms and click "Continue" on the declarations and confirmations screen. On the signature screen, enter your details as the parent and sign using the computer mouse or touchscreen in the designated signature box. To finish, click "Continue".
Step 8: Final review and submission
The system will show you a preview of the completed form. Carefully verify that all personal details and the investment track you selected are correct, then click the "Submit" button.
At the end of the process, a confirmation message will appear on the screen confirming that the request was successfully received.