SEB Pension Fund 18+
- The saving period is longer than 10 years
- A high risk fund with equities up to 110%
- A fund manager actively monitors the fund and seeks the best opportunities in the market
- Wider investment universe includes also local and alternative investments
- The fund follows the SEB sustainability strategy
- The goal is to outperform passively managed index funds with similar characteristics. Both short and medium term returns could deviate due to different investment strategies
SEB Pension Fund Index
- The saving period is longer than 10 years
- A high risk fund with equities up to 100%
- A fund manager does not manage market risks
- Follows and replicates the performance of global listed equity markets
- The goal is to follow the investment return of global financial markets with no possibility of outperformance
Which pension fund suits you the best?
If you have more than 10 years until retirement, then you have an opportunity to choose between two different investment styles.
- Actively managed funds – when a fund is actively managed, an SEB fund manager regularly monitors and amends investment portfolios according to economic and financial market outlooks. The fund manager makes investments to global listed markets, as well as local markets and asset classes not accessible to index funds – such as private equity, real estate and venture capital. SEB can increase equity investments up to 110% (if you invest 100 EUR, it's as if you invested 110 EUR). The fund manager follows the SEB sustainability strategy to make a positive impact on society and environment, in addition to earning the highest possible return.
- Passively managed funds – when a fund is passively managed, its aim is to follow the performance of global financial market indices. With index funds, an SEB fund manager doesn't manage the market risk of the fund. The fund makes investments only to global listed equity markets.
Choosing an investment plan depends on your preferred level of involvement and risk-tolerance. Both options are suitable for your age group.
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
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.
Using a second-pillar fund for saving is wise.
More about the second pension pillar
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 3 | ||
| 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 3 | ||
| 3. Succession application | |||
| resale of inherited fund units | EUR 22 | ||
| transfer of inherited fund units to the successor's pension account | EUR 3 | ||
| resale of inherited fund units and transfer to the successor's pension account | EUR 22 | ||
| 4. Payout applications | Bank office | SEB internet bank | |
|---|---|---|---|
| application for single payout | EUR 3 | EUR 3 | |
| statement of partial payment from pension funds | free of charge | free of charge | |
| application for payment from pension investment account | free of charge | free of charge | |
| funded pension application | EUR 5 | EUR 5 | |
| 5. Application for exemption from payment of mandatory funded pension contributions | EUR 5 | free of charge | |
| 6. Application for withdrawal of money from the mandatory funded pension | EUR 15 | EUR 7 | |
| 7. Application for payment of mandatory funded pension contributions | free of charge | free of charge | |
| 8. Application for cancellation of an application | free of charge | free of charge | |
| 9. Application for changing the contributions rate | free of charge | free of charge | |
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!
