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What is a Pension Investment Account (PIA)?

A PIA allows you to remain in the second pillar system and use its advantages; however, you can make your own investment decisions regarding the money in the pension pillar and buy or sell securities at a time suitable for you.

  • In addition to your 2% contributions, the state will add another 4% out of social tax to your PIA. You are also not liable to pay income tax if you transfer your pension fund assets to the PIA. The issue of paying income tax arises only if you wish to leave the second pillar system.
  • If you wish, you can redirect your money and contributions from the PIA back to the second-pillar pension fund so that a fund manager could continue managing your investments.
  • This is an opportunity to hold investments in a PIA as well as own shares of several pension funds. You can transfer all or only some assets from your second pillar to the pension investment account.




Why choose SEB Pension Investment Account?


A wide selection of investment opportunities

It is possible to invest in shares, ETFs, and investment funds. Keep an eye on SEB's investment opportunities – more are being added constantly.

View investment funds
View shares and ETFs


A tracking list of securities that interest you

Compile a tracking list of securities that interest you; this will help you conveniently track, buy, and sell securities that you like.


Competitive fees

Opening a PIA is free and it has no monthly maintenance fee. SEB offers advantageous conditions to investors who trade in Baltic and foreign securities.

Read more




How can I open a pension investment account?

Submit a PIA application in the Internet Bank or a branch office.

In the Internet Bank, you can find all available information about opening a PIA under the menu item ‘Investments’.


Read about SEB's investment opportunities and learn more about investing so you can create your own investment strategy by using our digital solutions.


In September, a first transfer will be made to your SEB PIA if you have submitted a choice or switch application, and you can start investing your pension assets independently.


It is also possible to open a PIA in the future; you will also be able to submit a choice application for redirecting contributions or a switch application to transfer your money to a PIA.





See how your pension investments are doing

On the 'My Pension' page in your SEB Internet Bank, you will find:

  • An application to open a PIA, a choice application to transfer any new contributions to the PIA, and a switch application to transfer pension fund assets to the account of your choice
  • A complete overview of your pension assets
  • A calculator that helps calculate the expected amount of your pension
  • Valuable advice for finding the best solution for your savings



Terms and conditions

Terms and Conditions of the Pension Investment Account
Terms and conditions of current account agreement


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