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3rd pension pillar plans

Especially beneficial moment to begin saving in 3rd pension pillar.
Conclude the first individual participation agreement in the SEB internet bank until 31.12.2021., and we will grant you an SEB gold level customer commission fee, which will give you the possibility to make even more savings.

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The right plan – to increase your pension

In order to achieve good results in the long term, it is recommended to choose a plan that is appropriate for your age. If you are still far away from retirement, we recommend to choose a pension plan that has a larger part of the savings invested in equities. In turn, as retirement approach, we recommend you to choose a pension plan which has a smaller part of the savings invested in equities.
The service is offered and provided by AS "SEB atklātais pensiju fonds" (registration number: 40003485047).

Our commission fee discount program can help to accumulate more in the long term.
Detailed and easily reviewable savings report in SEB internet bank.
SEB supports responsible investments. If you save for your pension in SEB’s 3rd pension pillar plans, you invest in environmentally friendly and sustainable companies.
Already, 88 thousand customers entrust their 3rd pension pillar savings to SEB.

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Age: 18–45
SEB-Index plan

  • If more than 20 years left until retirement
  • The plan represents a passive investment method that follows global stock indices. Therefore, the profitability of the plan is expected to correspond to the situation in the financial markets
  • Investments in equities up to 100%
  • High level of risk

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Age: 18-52
SEB-Active plan

  • If more than 10 years left until retirement
  • The objective of the plan is to ensure higher pension capital over a longer period of time by using higher risk investments
  • Up to 50% in equities with a high market value and alternative investments
  • Medium-high level of risk

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Age: 53+
SEB-Balanced plan

  • If less than 10 years left until retirement
  • The objective of the plan is to provide stable yet sufficiently dynamic growth of the pension capital in the long term
  • Not more than 25% – in equities with growing market value and alternative investments
  • Medium level of risk

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Why save with a 3rd pillar pension?

Flexible contributions and the possibility to receive the savings from the age of 55
Pension plans with different levels of risk, suitable for customers of different ages
Possibility to receive a tax refund
It is possible to inherit the savings

Receive a tax refund of 20% from the contributions made to your savings

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In accordance with the current regulations, for contributions to your savings (life insurance with savings (with a minimum contract period of 10 years) and/or 3rd pension pillar) of up to 10% of your gross annual income (salary before tax), but not more than EUR 4000, you can receive personal income tax relief
in the amount of 20%.

* Please note that the provided tax information is based on currently applicable regulatory acts; the tax legislation can change over time. The tax result may differ on a case-by-case basis.

Price list

Services Fees
Entering into the Agreement Free of charge
Changing a pension plan Free of charge
Change in the amount or period of contributions Free of charge
Receipt of savings Free of charge

If the customer complies with several groups, the lowest contract fee is applied. If the client makes both individual contributions and the contributions for the benefit of the client are made by the employer, one contract fee is applied – the lowest.

 

Pension plans Client group To the Asset Holder* To the Asset Manager** To the Pension Fund*** Total (per annum)
SEB-Balanced
SEB-Active
SEB Standard customer 0.08% 0.4% 0.85% 1.33%
SEB Silver level customer 0.08% 0.4% 0.7% 1.18%
SEB Gold level customer 0.08% 0.4% 0.12% 0.60%
Customer of the European Commission 0.08% 0.4% 0.12% 0.60%
Customer with 3rd pension pillar savings of 100 000 EUR or more 0.08% 0.35% 0.12% 0.55%
Solidarity tax payer 0.08% 0.35% 0.12% 0.55%
SEB Private Banking customer 0.08% 0.35% 0.12% 0.55%
SEB-Index plan SEB Standard customer 0.05% 0.25% 0.85% 1.15%
SEB Silver level customer 0.05% 0.25% 0.7% 1%
SEB Gold level customer 0.05% 0.25% 0.12% 0.42%
Customer of the European Commission 0.05% 0.25% 0.12% 0.42%
Customer with 3rd pension pillar savings of 100 000 EUR or more 0.05% 0.25% 0.12% 0.42%
Solidarity tax payer 0.05% 0.25% 0.12% 0.42%
SEB Private Banking customer 0.05% 0.25% 0.12% 0.42%

 

If the customer complies with several groups, the lowest contract fee is applied. If the client makes both individual contributions and the contributions for the benefit of the client are made by the employer, one contract fee is applied – the lowest.

* AS "SEB banka" carries out transactions and accounting of contributions to the client's pension plan account, ensures that the Asset manager complies with investment strategies and performs safe investments.

** IPAS "SEB Investment Management" provides investments of contributions according to the pension plan to increase savings in the long term.

*** AS "SEB atklātais pensiju fonds" provides accounting of the deposited funds to the pension plan participant's individual savings account. Provides customers with regular information on savings and customer service. Executes operations with savings at the customer's request. Provides information to state supervisory authorities.

Pension plans Client group To the Asset Holder* To the Asset Manager** To the Pension Fund*** Total (per annum)

 

If the customer complies with several groups, the lowest contract fee is applied. If the client makes both individual contributions and the contributions for the benefit of the client are made by the employer, one contract fee is applied – the lowest.

2 After the employment relationship has ended collective agreement participants, whose employer made contributions in the 3rd pension pillar on behalf of the employee, will receive the Customer benefits programme’s Gold level customer commission fee.

* AS "SEB banka" carries out transactions and accounting of contributions to the client's pension plan account, ensures that the Asset manager complies with investment strategies and performs safe investments.

** IPAS "SEB Investment Management" provides investments of contributions according to the pension plan to increase savings in the long term.

*** AS "SEB atklātais pensiju fonds" provides accounting of the deposited funds to the pension plan participant's individual savings account. Provides customers with regular information on savings and customer service. Executes operations with savings at the customer's request. Provides information to state supervisory authorities.

Receipt of the savings

It is possible to receive the 3rd pension pillar savings from the age of 55. Nevertheless, you may continue your membership in the plan until the time of your choice, thus further increasing your savings.

  • After reaching the age of 55, submit a 3rd pension pillar pay-out application in SEB internet bank or in person at a branch of SEB banka.
  • In the event of the death of a participant of the 3rd pension pillar savings, the person(s) designated by the participant will inherit the savings (beneficiary). If such will not be indicated, then the savings will be inherited in accordance with the procedures specified in the Civil Law.

It is possible to receive the 3rd pension pillar savings from the age of 55. Nevertheless, you may continue your membership in the plan until the time of your choice, thus further increasing your savings.

Your choices – global changes

Have you considered tha by choosing pension funds that invest sustainably, your life savings will be making world a better place?

Need advice on a pension?

  • Our team will find the most suitable solutions for your needs. We will provide advice in the most convenient way for you - in a video consultation, telephone conversation or in person.