Calculate how much you could save in an age-suitable SEB plan
Saving in an age-suitable plan could increase your savings from a few to tens of thousands of euros.
All SEB 2nd pension pillar plans
Age: 15–50
SEB Index
SEB Index
- The most profitable pension plan in Latvia over the last 5 years*
- Investment result +11.11% per year*
- Low fixed annual management fee: 0.30%
- Performance annual management fee: not applicable
- Investments in shares up to 100%
- High investment risk
- Passively managed plan
Age: 15–50
SEB dynamic
SEB dynamic
- The most profitable actively managed pension plan in Latvia over the last 5 years*
- Investment result +8.77% per year*
- Low fixed annual management fee: 0.44%
- Performance annual management fee: 0% to 0.05%
- Investments in shares up to 100%
- High investment risk
- Actively managed plan
Age: 51-55
SEB active
SEB active
- TOP2 the most profitable plan in its category among actively managed pension plans over the last 5 years*
- Investment result +3.90% per year*
- Low fixed annual management fee: 0.44%
- Performance annual management fee: 0% to 0.05%
- Investments in shares up to 50%
- Medium investment risk
- Actively managed plan
Age: 56-60
SEB balanced
SEB balanced
- Among the most profitable plans in its category over the last 5 years*
- Investment result +1.58% per year*
- Low fixed annual management fee: 0.44%
- Performance annual management fee: not applicable
- Investments in shares up to 25%
- Low investment risk
- Actively managed plan
Age: 61+
SEB conservative
- Among the most profitable plans in its category in the last 10 years**
- Investment result +0.16% per year**
- Low fixed annual management fee: 0.44%
- Performance annual management fee: not applicable
- Investments are made in fixed income securities
- Low investment risk
- Actively managed plan
Frequently asked questions
The 2nd pension pillar is part of the three-tier pension system. Each month, 6% of your gross salary goes to the 2nd pension pillar. This money is invested in financial markets through the fund manager of your choice, with the aim of increasing it over the long term. Find out more (LAT) about the pension system.
You can find out who manages your 2nd pension pillar savings, which plan you have chosen and the amount of your savings at latvija.lv.
To join SEB investment plans, you don’t have to be a customer of SEB. Choose the most suitable plan for you above, by press the button “Apply” and proceed to the next steps at latvija.lv.
Choosing an age-suitable plan will make a big difference to the amount of your pension in the long term.
20+ years until retirement.
Active investing
At the beginning of the savings period, you can take on higher investment risk by choosing plans that invest more in shares.
10+ years until retirement.
Moderately active investing
While slowly approaching retirement age, you can reduce your investment in shares by choosing moderately active plans that also invest in bonds.
<10 years until retirement.
Balanced investing
Before retirement age, wait for the right moment and change your pension plan to a more conservative one, making the most of investments in bonds. This will help to better preserve your accumulated capital.
Contract fees are an important criterion for choosing a 2nd pension pillar plan – the lower the contract fees, the higher the proportion of contributions that go into savings (SEB contract fees are among the lowest in the market). But it is important to look at the plan as a whole: whether it is age-suitable, what its long-term profitability is, where the investments are made and other aspects.
For actively managed plans (for example, SEB dynamic plan) the fund manager actively monitors market trends and makes changes to the investment strategy to achieve better results.
For passively managed plans (for example, SEB index plan) the fund manager spreads investments across a wide range of companies without actively changing the investment strategy originally chosen.
Only licensed investment management companies, such as SEB Investment Management, can manage the 2nd pension pillar. The money management process is closely monitored by the Bank of Latvia and the pension plan’s custodial bank.
With the right investment plan, your savings can increase significantly in the long term
To save for retirement effectively, choose the investment plan that suits your age the best. As your savings are invested in the financial markets to achieve better results, it is advisable for people whose retirement years are still far away to choose an investment plan that invests more in equities. In turn, as you approach retirement, switch to a plan that invests more in bonds than in equities, thus reducing capital fluctuations. We will help you find the most suitable solution and remind you when it is time to change your investment plan.
The accrual is formed as a part of your and your employer's social insurance contributions. Each month 6% of your gross salary goes to the 2nd pension pillar.
Contributions to the savings are made automatically. The 2nd pension pillar participants are all working persons born after 1 July 1971, or persons who have individually applied for the 2nd pension pillar.
Contributions to savings are invested in the financial markets, so it is important to choose a responsible pension manager and investment plan that is right for you.
The accumulated capital can be inherited if its creator passes away before reaching retirement age. The savings are created just for you, and you will start receiving it in the form of a pension, when you reach the state retirement age.
More about the 2nd pension pillar
Your choices – global changes
Have you considered that by choosing pension funds that invest sustainably, your life savings will be making world a better place?
Need advice about pension savings?
Our consultants will find the most suitable solution for you and provide advice in the most convenient way for you – online, by phone or in person.
