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Third-pillar funds


Your pension can grow sufficiently with the right fund

You can save in a third-pillar fund by making regular contributions or just transferring money when possible. The savings are managed by fund managers who invest in financial markets to increase the value of the accumulated pension amount.

SEB supports investing responsibly. When saving into the third pension pillar, you are investing in environmentally friendly and sustainable companies.
A pension estimate and the best overview are available in the Internet Bank
Your pension can be reviewed via a video call
An opportunity to switch pension pillar funds without paying income tax

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Ages 18 to 60
SEB Climate Future Pension Fund Index

  • Passively managed (index)
  • Strong focus to sustainable investments supporting positive climate change
  • Fund invests into funds that are following the movements of financial markets indices in a best possible way. The value of assets may fluctuate significantly, however, higher growth is expected over longer period of time
  • Low fees
  • Up to 100% of the fund assets are invested in global equities


Ages 18 to 60
SEB Active Pension Fund

  • You have more than 5 years until retirement
  • The fund invests mainly in equity risk instruments, so remarkable fluctuations in the value of the fund’s assets may occur
  • Investments in shares up to 110%
  • High level of risk

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Ages 61+
SEB Balanced Pension Fund

  • You have at least 3 years until retirement
  • The fund invests mainly in bonds and deposits, so moderate fluctuations in the value of the fund’s assets may occur
  • Investments in shares up to 25%
  • Low risk

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Why should I save for retirement?

The current pension system means that an ordinary pensioner will receive a pension that is only 40% of their salary before the retirement. By saving into the second and third pillars, you can expect to receive 60–70% of your pre-retirement income.
Now, we are going to receive less from the state in retirement than previous generations. In addition, life expectancy is increasing, which means that retirement lasts longer and having your own savings is more essential than ever.
Through being proactive, you can influence how your savings grow over time so you can plan your pension better.
The sooner you start to save for the retirement, the less you need to save every month.

Receive 20% tax refund from your annual contributions

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The state refunds income tax on third-pillar contributions. Income tax is refunded on contributions not exceeding 15% of your gross annual income or 6,000 euros per year. This limit applies to contributions made by both yourself and your employer.

Income tax is only refunded if you have paid income tax throughout the year. If your entire income is exempt from tax and you do not pay income tax, then refunds are not possible. You must submit an income tax return to be refunded income tax. Tax returns are not available to non-residents.

Pension disbursements

The funds accumulated in the third pension pillar can be withdrawn at any time by redeeming all or the desired amount of pension fund units.
Income tax is applied to the entire disbursement amount, the tax rate is dependent on the age and length of the investment period.

  1. upon the expiry or termination of a fixed-term agreement

  2. upon the termination or during the term of an agreement with an unspecified term

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  • Would you like to discuss long-term savings with a specialist?

Price list

  Private person
1. Selection application  
- submitting an application at a bank office or SEB Internet Bank EUR 1.60
2. Application for switching fund units  
- submitting an application for switching fund units at a bank office or SEB Internet Bank EUR 3.20
3. Disbursement application  
- submitting an application at a bank office or SEB Internet Bank EUR 3.20
4.  Succession application  
     - resale of inherited fund units EUR 6.40
     - transfer of inherited units to inheritor’s security account EUR 6.40
     - resale of inherited units with insurance agreement EUR 6.40