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SEB Climate Future Pension Fund Index

Saving in a third-pillar fund

You can save in a third-pillar fund by making regular contributions or just transferring money when possible

The saving period is longer than 10 years
You prefer higher-risk funds
Big fluctuations in the value of the fund’s assets
Investments in equity up to 100%
Confirm your choice in the Internet Bank

Investment strategy

Applying passive investment strategy, the fund's assets are invested 100% in other equity risk-based funds, which are mainly following financial indices related to the reduction of the carbon footprint and supporting positive climate change. Investments are only permitted in "green" index funds that meet the conditions set out in Article 8 or 9 of the Sustainable Finance Disclosure Regulation (SFDR).
Investing in equities involves high risks, which can cause large fluctuations in the value of your assets.

Saving goal

Achieving returns as close as possible to global equity markets, taking into account the fund's objectives to have a positive impact on global climate change. This means that the value of the money invested in the pension fund depends directly on the performance of equity markets.

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.

Your pension can fight Climate change

The fund's total carbon footprint is expected to be at least 30% lower than a regular global equity index. 
As going torwards decarbonization, trend should be downward, the fund will have also lower carbon intensity (3 year rolling average)

Exclusionary screening

Receive 22% tax refund from your annual contributions

For a tailored calculation for you, please enter your details. The presented tax information is based on currently valid normative acts; however, tax legislation may change over time. The amount of income tax refund may vary. The calculated values are preliminary and are based on the numbers entered in the calculator. The final amount is calculated when submitting the income tax return. To receive an income tax refund, you must file an income tax return.

Pension disbursements

The optimal way to take out III pillar pension is to conclude the fund pension with the recommended payout period. You will get regular monthly or quarterly pension that is income-tax free.
The funds accumulated in the third pension pillar can also be withdrawn at any time by redeeming all or the desired amount of pension fund units.
Then 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

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.