SEB-Climate index plan
If more than 20 years are left before reaching the state retirement age
The plan follows global financial market indices – the profitability of the plan is expected to fully reflect the situation in the financial markets
If you are prepared to accept significant short-term fluctuations of the capital
If you are willing to take a high risk and you expect higher profitability in long term
Investment strategy
100% of the plan funds are invested in financial instruments linked to stock market indices. All investments are made considering sustainability principles.
Savings goal
To promote the long-term growth of pension capital by investing up to 100% of the plan's assets in instruments linked to stock market indices. The principal financial risks of investing plan assets are currency exchange and price fluctuation risks.
Full description of the pension plan (PDF)
The plan's investment policy (PDF)
Asset Manager at IP AS "SEB Investment Management"; holder of funds AS “SEB banka”.
Commission fee from the pension plan's assets per year
| To the Pension Fund | 0.45% |
| To the Fund Manager | 0.25% |
| To the Fund Holder | 0.05% |
Detailed price list and commission discounts
| Service | Fee |
|---|---|
| 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 |
3rd pension pillar agreement fees from assets of the pension plan per annum*
| Pension plans | Client group | To the Asset Holder** | To the Asset Manager** | To the Pension Fund ** | Total (per annum) |
|---|---|---|---|---|---|
|
SEB-Balanced |
SEB Standard customer, SEB Silver level customer | 0.06% | 0.4% | 0.45% | 0.91% |
| SEB Gold level customer, Customer of the European Commission |
0.06% | 0.4% | 0.12% | 0.58% | |
| Customer with 3rd pension pillar savings of 100 000 EUR or more, Solidarity tax payer, SEB Private Banking customer |
0.06% | 0.35% | 0.12% | 0.53% | |
|
SEB-Climate index plan |
SEB Standard customer, SEB Silver level customer | 0.05% | 0.25% | 0.45% | 0.75% |
| SEB Gold level customer, Customer of the European Commission, Customer with 3rd pension pillar savings of 100 000 EUR or more, Solidarity tax payer, 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.
** To the Asset Holder: 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.
To the Asset Manager: IPAS “SEB Investment Management” provides investments of contributions according to the pension plan to increase savings in the long term.
To the Pension Fund: 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.
3rd pension pillar agreement fees from assets of the pension plan per annum*
| Pension plans | Client group | To the Asset Holder*** | To the Asset Manager*** | To the Pension Fund*** | Total (per annum) |
|---|---|---|---|---|---|
|
SEB-Balanced |
On the basis of the Individual participation agreement | 0.06% | 0.4% | 0.45% | 0.91% |
| On the basis of the Collective participation agreement** | 0.06% | 0.4% | 0.12% | 0.58% | |
| If the contributor is a large corporate client of SEB**, If the contributor is a legal entity with a total amount of contributions to the pension fund of 100 000 EUR and more** |
0.06% | 0.35% | 0.12% | 0.53% | |
|
SEB-Climate index plan |
On the basis of the Individual participation agreement | 0.05% | 0.25% | 0.45% | 0.75% |
| On the basis of the Collective participation agreement**, If the contributor is a large corporate client of SEB**, If the contributor is a legal entity with a total amount of contributions to the pension fund of 100 000 EUR and more** |
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.
** 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.
*** To the Asset Holder: 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.
To the Asset Manager: IPAS “SEB Investment Management” provides investments of contributions according to the pension plan to increase savings in the long term.
To the Pension Fund: 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.
Receive a tax refund of 20% from the contributions made to your savings
For a tailored calculation for you, please enter your details. Please note that the tax information provided is based on the currently valid regulatory enactments in the field of taxation, which may change over time. The tax result may vary in each case.
The calculated values are preliminary and the final amount will be calculated when you submit your tax declaration. In order to receive the refund, you must submit a personal income tax declaration.
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.
Why choose SEB?
In our wide range of 2nd and 3rd pension plan offers, everyone can find the solution that suits them best, including choosing low cost index plans.
The goal of our investment plans is to increase pension capital in the long term.
Our experienced pension managers follow a responsible investment policy, assessing not only the potential return, but also the impact of the investment on society and the environment.
More than 365 thousand customers entrust their pension savings to SEB.
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More about the 3rd pension pillar
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