Useful Information

The pension system in Latvia

As in other countries, the proportion of retirees to workers is growing significantly in Latvia, creating additional financial burdens for the mandatory social security system of the country. In order to maintain the pensions at a level capable of providing sufficient material assurance, a system has been created in Latvia based on everyone's self-interest and responsibility for sufficiently providing for his old age.

Tax Benefits For Investments In Private Pension Funds

When making contributions to the private pension fund, both the employer and the employee, who makes contributions to the pension fund on his own behalf, are entitled to tax benefits stipulated by the regulatory acts of Latvia.