The II pension pillar is part of a three-tier pension system. Each month, 2%, 4%, or 6% of your gross salary goes into your second pension pillar, and the state adds an amount equal to 4% of your gross salary, which is covered from social tax.

Contributions are invested in pension assets. It is important to choose a responsible pension provider and the solution that suits your age.

When you retire, you can withdraw money from the II pillar on more favourable terms and use it exactly as you need. The terms and conditions depend on the withdrawal solution chosen. The accumulated property is inheritable.

You can find your second pension pillar assets, chosen solution, and accumulated amount on the Pension Centre website or in SEB internet bank. 

An age-appropriate pension solution is important to ensure that retirement savings are managed efficiently.

20+ years until retirement – active investing

At the beginning of the saving period, you can take on higher investment risk by choosing a solution that invests more in equities. This strategy offers the potential for higher returns over time.

10+ years until retirement – moderately active investing

As you approach retirement age, you can reduce your exposure to equities by choosing a moderately active solution that also invests in bonds. This approach provides a balance between growth and security.

Less than 10 years until retirement – balanced investing

Before retirement age, it is advisable to switch to a more conservative pension solution, focusing more on bond investments. This helps better preserve your accumulated assets.

Active investment strategy – fund managers regularly analyze the market, make data-driven assumptions, review the portfolio, and make changes if they believe those adjustments can lead to better long-term results. It also includes creating a positive impact on the environment and society. The goal of active management is to reduce losses during market downturns and take advantage of market upswings.

A passive investment strategy is represented by an index fund. An index fund invests in funds that aim to track the performance of stock market indices. Due to its different management style, an index fund also has a lower management fee.