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SEB Progressive Pension Fund

You have more than 3 years until retirement
Medium risk
The goal is to increase the pension assets
The fund invests up to 50% of its assets in stocks

Investment strategy

The fund invests up to 50% of its assets in stocks; the rest is allocated primarily to bonds. The fund invests equally in stocks, bonds, and deposits, so average fluctuations in the value of the fund’s assets may occur.

SEB Progressive fund

Saving goal

Increasing the value of pension assets. This means that the long-term rate of return of the money invested in the pension fund should exceed the rate of inflation.

Key information
Rate of return of the fund
Information about sustainability (EST)

SEB’s pension funds are managed by SEB Varahaldus. The Estonian branch of SEB Life and Pension Baltic SE and SEB Pank act as intermediaries of the pension funds of SEB Varahaldus.

SEB Pension Investment Account (PIA)

An alternative to pension funds, should you want to make independent investment decisions (buy or sell securities). 
A PIA enables you to remain in the second pension pillar and use its advantages.  If you wish, you can direct your pension assets or contributions to the PIA to make your own investment choices, or redirect them back to pension funds at a preferred time so that the fund manager could continue managing your investments

  • A wide selection of investment options: shares, ETFs, investment funds
  • Tracking the list of securities that interest you
  • Competitive fees

An alternative to pension funds, should you want to make independent investment decisions (buy or sell securities). 
A PIA enables you to remain in the second pension pillar and use its advantages.  If you wish, you can direct your pension assets or contributions to the PIA to make your own investment choices, or redirect them back to pension funds at a preferred time so that the fund manager could continue managing your investments

Pension disbursement

You can withdraw assets saved in the second pension pillar at a time convenient for you. The best option is to start using it only once you have reached retirement age; in this case, an income tax credit or income tax exemption apply to you.
The payout method depends on your age and how you want to use your savings. There are a number of disbursement methods. If you wish, you can combine various options.

You can check your second pension pillar balance in the Internet Bank or on your Pension Centre account.

  • All funds can be withdrawn as a one-time disbursement. Once you reach retirement age, you are liable to pay 10% of income tax.
  • Fixed-term disbursement from your pension fund while still investing the remaining amount in your pension account.
  • Lifetime pension – a contract with an insurance company that will start paying you a pension regularly and will do so for the rest of your life.

You can withdraw assets saved in the second pension pillar at a time convenient for you. The best option is to start using it only once you have reached retirement age; in this case, an income tax credit or income tax exemption apply to you.
The payout method depends on your age and how you want to use your savings. There are a number of disbursement methods. If you wish, you can combine various options.

You can check your second pension pillar balance in the Internet Bank or on your Pension Centre account.

Using a second-pillar fund for saving is wise.

Low ongoing charges
The Internet Bank provides the best overview of your savings
A wide selection of saving and disbursement options
Valuable advice

Price list

1. Choice application for the II pillar pension fund  
over the counter or in the SEB Internet Bank free of charge
under power-of-attorney EUR 4.79
2. Application for exchanging the II pillar pension fund units  
over the counter or in the SEB Internet Bank free of charge
under power-of-attorney EUR 6.39
3. Securities account statement (1)  
over the counter EUR 1.28
SEB Internet Bank free of charge
annual securities account statement of Baltic Central Securities Depository by regular mail free of charge
4. Summary statement of pension account (1)  
over the counter EUR 1.28
5. Certificate of Income Tax  
over the counter EUR 1.28
6. Succession application  
resale of inherited fund units EUR 22.37
transfer of inherited fund units to the successor's pension account EUR 6.39
resale of inherited fund units and transfer to the successor's pension account EUR 22.37
7. Payout applications Bank office SEB Internet Bank
application for single payout EUR 4.79 EUR 3.52
funded pension application EUR 6.39 EUR 5.11
8. Application for exemption from payment of mandatory funded pension contributions EUR 5 free of charge
9. Application for withdrawal of money from the mandatory funded pension EUR 15 EUR 7
10. Application for payment of mandatory funded pension contributions free of charge free of charge
11. Application for cancellation of an application free of charge free of charge

(1) According to Value Added Tax Act VAT 20 % will be added to the service fee

Do you need advice regarding your pension?

  • Our professional team will help to find a suitable solution for you. In order to consult an expert, you can register for a video meeting, a phone consultation, or meet at an SEB branch office – whichever suits you best!