Why Should You Save for Old Age?

So you woudn't have to rely on only your chldrens' help when old...

In Latvia the ratio of the working (meaning also the taxpaying) population is steadily decreasing in relation to the retiree generation.

Therefore, when you retire, the government will not be able to to provide you with more than 50-60% of the income of your earning days.

The open-ended pension fund SEB pensiju fonds will help you resolve this future problem by gradually acccumulating a private pension capital for your old age.

This capital:

• Will significantly increase your government pension,
• Will give you the option of receiving your private pension already at the age of 55,
• Is inheritable.

You will not have to worry about inflation, because the growth of your accumulated capital will be larger and ensure financial stability for your old agein.

By accumulating a private pension capital at the SEB pensiju fonds, you will enjoy a series of advantages:

• you will receive tax relief for your contributions
• you will not have to pay taxes on the interest income of your investments;
• the investments are made and their safety guarded by highly qualified finance specialists;
• you will receive regular statements about your private pension capital, enabling you to check on its condition;
• the contributions may be made in either LVL or EUR;
• the contributions are convenient - they may be made automatically by deducting the indicated amount from your account or payment card;
• the contribution amounts and timing are flexible - pay as much as you want and when you can!

How will your money grow?

The money you contributed will be invested safely and profitably in order for it to earn income and increase your private pension capital. .

Your money will be managed in accordance to the pension plan you chose by the specially licensed investment managment company "SEB Wealth Management" (OPTIMUS FUNDS), which is also managing the Level 2 investment plans, as well as the LVL Reserve Fund and the Real Estate Fund

To spread and minimize the possible risks, your investments will be placed in various investment vehicles: government securities, mortgage bonds, bank deposits and the securities of stable enterprises.