SEB Pension Fund 65+
You are withdrawing your II pillar as funded pension or you plan to withdraw your II pillar as a one-time disbursement during the next 3 years
Low risk level
The goal is to maintain the pension assets
The fund invests at least 80% of its assets in investment grade bonds
Investment strategy
The fund invests at least 80% of its assets in investment grade bonds, money market instruments, and deposits. Up to 20% can be invested in other assets, including 10% in stocks. Investments in these asset classes involve lower risks, meaning that there are mild fluctuations in the value of the fund’s assets.
Saving goal
Maintaining the value of pension assets. This means that the long-term rate of return of the money invested in the pension fund should be equal to the rate of inflation.
Key information (EST)
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.
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 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!
