From January 1, 2020, new order of inheritance of the pension 2nd pillar capital has taken effect – the accumulated capital is inheritable if the person has passed away before reaching retirement age.
You can choose one of the offered options:
- leave the capital in inheritance to a person chosen by you, who will receive it as 2nd pension pillar capital;
- follow the order of inheritance prescribed by the Civil Law;
- contribute to the national budget.
How to choose?
It is possible to make the choice electronically – by using "latvia.lv" or by sending an application signed with a secure electronic signature to The State Social Insurance Agency (SSIA), as well as handing in the application in person at SSIA branches, starting from January 1, 2020.
You can find detailed information about inheritance in SSIA or online on portal ’’latvija.lv’’.