SEB Pension Fund Index 100
- The goal is to mirror the securities markets
- The saving period is longer than 5 years
- The percentage of shares is up to 100%
- High risk level
- Big fluctuations in the value of the fund’s assets
SEB Pension Fund 100
- The goal is to increase the pension assets
- The saving period is longer than 5 years
- The percentage of shares is up to 110%
- High risk level
Which pension fund suits you the best?
If you have more than 5 years until retirement, then you have an opportunity to choose between two different investment styles.
- Actively managed funds – global investments are chosen by our team of investment professionals on the basis of comprehensive analysis. The investment portfolios are monitored regularly and their individual composition amended according to economic and financial market outlooks. When investing in these funds, we follow our Responsible Investment Policy because we seek to make a positive impact on the society and the environment in addition to earning the highest possible return.
- Index funds are managed passively. These types of funds invest only in index funds that follow global financial market indices very closely or do so completely. Because managing an index fund is significantly less time-consuming, lower fees apply. The presumed result – the profitability of the fund – will be as similar to the global stock market as possible.
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
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
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 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!
