II pillar funds

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Squeeze more out of II pillar

Prefer low fees. The lower the fees, the more will remain for your pension investments.
Pay attention to return. The results of our funds have consistently been among the best in Estonia.
Find a fund with suitable risk level for you. Choose a life cycle fund that changes with your age or fund Index that always has high risk level.

How much could you win on fees?

Insert your year of birth

Insert your gross salary

EUR

Select your current pension fund

Fees comparison

	Your fund Pension Fund LHV L This is your current pension fund.	Suits you Swedbank Pension Fund Generation 1980-89 *Convenient choice.* Investments change together with your age.	Suits you Swedbank Pension Fund Index *For more informed investor.* The fund’s risk level does not change over time.
Fees until retirement
Fees until retirement	5683 EUR (1.48% yearly)	2726 EUR (0.71% yearly)	1152 EUR (0.30% yearly)
Your win compared to current fund
Your win compared to current fund	-	2957 EUR	4531 EUR

When calculating the assumed amount of fees, the II pillar contributions made from your gross salary until the age of 65 are taken into account. Previously paid fees, pension fund returns, and possible salary increases are not taken into account. Fees are estimates and the actual amount of fees paid until retirement may vary. Pension fund fees may change in the future. When logged out of Internet Bank, the default pre-selected pension fund is the II pillar pension fund with the highest fees at the moment. Pension fund fees are based on data from the Pension Center.

Pension Funds

Generation 1980-89

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Stocks & bonds

year return*: 18,25%

Suitable for you, if:

you were born in the 80s;
you want the fund’s risk level to change with your age;
you want to never have to worry about switching funds again.

Actively managed fund
Current annual fees: 0.71%
Life-cycle fund that is suitable for entire saving period.

Actively managed fund

Current annual fees: 0.77%
Life-cycle fund in which the share of stocks and risk level changes within time
Suitable for entire saving periood

More about the fund

Index

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Stocks

year return*: 21,67%

Suitable for you, if:

you have at least 10 more years of pension saving ahead of you;
you have a relatively high risk tolerance;
you want to accumulate in an index fund.

Index fund
Current annual fees: 0.30%
Not a life-cycle fund.

Index fund

Current annual fees: 0.30%
Up to 100% of the fund's assets are invested in equity risk instruments
Suitable if there are at least 10 years left until retirement

More about the fund

Show more

Generation 2000-09

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Stocks & bonds

year return*: 18,72%

Suitable for you, if:

you were born in the 00s;
you want the fund’s risk level to change with your age;
you want to never have to worry about switching funds again.

Actively managed fund
Current annual fees: 0.77%
Life-cycle fund that is suitable for entire saving period.

Actively managed fund

Current annual fees: 0.83%
Life-cycle fund in which the share of stocks and risk level changes within time
Suitable for entire saving periood

More about the fund

Generation 1990-99

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Stocks & bonds

year return*: 26,42%

Suitable for you, if:

you were born in the 90s;
you want the fund’s risk level to change with your age;
you want to never have to worry about switching funds again.

Index fund
Current annual fees: 0.30%
Life-cycle fund that is suitable for entire saving period.

Index fund

Current annual fees: 0.31%
Life-cycle fund in which the share of stocks and risk level changes within time
Suitable for entire saving periood

More about the fund

Generation 1970-79

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Stocks & bonds

year return*: 17,35%

Suitable for you, if:

you were born in the 70s;
you want the fund’s risk level to change with your age;
you want to never have to worry about switching funds again.

Actively managed fund
Current annual fees: 0.73%
Life-cycle fund that is suitable for entire saving period.

Actively managed fund

Current annual fees: 0.79%
Life-cycle fund in which the share of stocks and risk level changes within time
Suitable for entire saving periood

More about the fund

Generation 1960-69

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Stocks & bonds

year return*: 8,79%

Suitable for you, if:

you were born in the 60s;
you want the fund’s risk level to change with your age;
you want to never have to worry about switching funds again.

Actively managed fund
Current annual fees: 0.75%
Life-cycle fund that is suitable for entire saving period.

Actively managed fund

Current annual fees: 0.77%
Life-cycle fund in which the share of stocks and risk level changes within time
Suitable for entire saving periood

More about the fund

Conservative

Stocks & bonds

year return*: 3,37%

Suitable for you, if:

your retirement age is close;
you want to maintain the money you have already collected;
you are looking for a low-risk fund.

Actively managed fund
Current annual fees: 0.47%
Not a life-cycle fund.

Actively managed fund

Current annual fees: 0,47%
At least 80% of the fund's assets are invested in bonds, money market instruments and deposits.
Suitable choice if you want a low-risk fund and are about to retire.

More about the fund

*Pension fund return on an annual basis as of 31.12.2024. Past returns do not guarantee similar returns in the future.

Why is it beneficial to save in the II pillar?

The II pillar is your personal reserve of funds, helping you to ensure a more carefree retirement.

In the pension fund, your funds are invested. This gives you the chance to grow your money for retirement.

You can automatically contribute to the II pillar by making monthly contributions from your gross salary.

You decide whether to contribute 6%, 4% or 2% of your monthly salary, with the state adding an extra 4%.

The monthly payment to the II pillar is only a small part of your salary, but if you save over the years, it provides a significant reserve.

You can keep an eye on your pension savings via the Internet bank. If you feel you could do with more for a pleasant retirement, you may decide to contribute to the III pillar. You can make contributions at a time and in an amount that suits you best.

Why choose a Swedbank pension fund?

There are several reasons why it is beneficial to build up a pension in Swedbank.

You can choose a fund with low fees. This way, you accumulate more money.
Excellent return. The rates of return of our pension funds have consistently been among the best in Estonia. You can track the return of the pension funds on the website of the Estonian Funded Pension Registry.
You can easily find the fund that suits you best by your year of birth, and you can accumulate in the same fund until you retire, as the fund’s risk level changes over time.
Your pension is looked after by experts in their field.

Which fund to choose?

When investing for retirement, it is important to be in a fund with the right risk level for your age. You can risk more when you still have a long time to save, but as you approach retirement age it makes sense to reduce the level of risk to preserve the value of the money you have saved.

Life-cycle funds

In unique life-cycle funds, the proportion of shares and the associated risk level changes automatically over time with your age.

You can save in the one fund that is right for you until retirement.
There is no need to switch funds at any point.

Index fund

Suitable for you if you are at least 10 years away from retirement and are willing to take a higher risk to build up your pension savings.

Lower fees. This way, you accumulate more.
The value of a fund unit can fluctuate significantly in the short term, as up to 100% of the fund’s assets are invested in equity risk instruments.
The level of risk does not change over time, and it makes sense to switch funds as retirement approaches.

Joining for our customers

Find a suitable fund on this page.
Submit the application in the Internet Bank to direct monthly contributions and transfer already accumulated pension assets to suitable fund.
Contributions to the selected fund will start the following month.
Pension assets accumulated are transferred three times a year.
When you submit an application to transfer previously collected assets to new fund between:
- 1. August – 30. November, exchange takes place on the first working day of January;
- 1. December – 31. March, exchange takes place on the first working day of May;
- 1. April – 31. July, exchange takes place on the first working day of September.

Joining for non-Swedbank customer

Find a suitable fund on this page.
Go to the Internet Bank you prefer, find the II pillar page and the place where you can switch your pension fund.
By switching funds, you can choose among all of the II pillar funds in Estonia. Locate suitable Swedbank fund and select it. We also recommend to transfer the already accumulated pension assets.
Contributions to the selected fund will start the following month.
Pension assets accumulated are transferred three times a year.
When you submit an application to transfer previously collected assets to new fund between:
- 1. August – 30. November, exchange takes place on the first working day of January;
- 1. December – 31. March, exchange takes place on the first working day of May;
- 1. April – 31. July, exchange takes place on the first working day of September.

A happy woman takes care of an outdoor plant.

Your pension money creates a better future

The main goal of saving for a pension is, of course, your financial well-being in the future. However, sustainability should also be kept in mind. We believe that responsible investments create added value for you in the long term and give you the opportunity to use your savings in a cleaner, more diverse and safer world.

When investing pension money, we take into account the impact of investments on the environment. Mitigation of climate change, protection of human rights and development of corporate management culture are important to us.

Tips to get you started

Follow your values by choosing a pension provider with sustainability ambitions. As of 31.03.2024 Swedbank pension funds have invested:
- 499 million euros to funds that follow environmental, social and governance principles (ESG aspects);
- 1304 million euros in stock and bond baskets filtered with ESG aspects;
- 115 million euros in ESG-themed stock baskets (e.g. electric cars, cyber security).
Sustainable pension funds exclude damaging industries. Swedbank has a “blacklist” for companies in which we don’t invest. Read about our Responsible Investment Policy here.
You can always check if your pension provider is paying attention to sustainable investments. The average ESG rating of our pension funds is A (source: MSCI).

There are different ways to invest sustainably

We asked pension savers how they would allocate 1000 euros for sustainable investment. Here are their answers.

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Source: Swedbank survey 2022

Support sustainable business with your pension savings

When money is invested in sustainable companies, it contributes to social and environmental well-being and responsible business.

Source: World Federation of Exchanges

Environment

CO₂ Emissions
Energy usage
Natural resource usage
Waste and pollution
Climate change mitigation

Social

Employee health & well-being
Human rights
Gender equality
Non-Discrimination
Fair pay

Governance

Business ethics
Transparency
Anti-corruption
Reporting
Responsible suppliers

Documents and information which are published based on the requirements of Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector, can be found here.

In the retirement age

When you retire you have three options to start using your money.

Regular payouts, i.e. fund pension. If you set a period for payouts, which corresponds to your life expectancy, then you are able to use the money with a 0% income tax rate. For a shorter period, the income tax is 10%.
One-off payout (can also be partial), on the amount of which you have to pay 10% income tax.
Whole life insurance contract or insurance for a specified term.

You will already be able to withdraw money on more favourable terms 5 years before retirement. In case of no work ability, you can withdraw money tax-free.

Before retirement age

If necessary, you can opt out of the II pillar and withdraw the accumulated amount before retirement age. Financially, this is a harmful decision for you.

Calculate the opt out cost

Inheritance

The assets you accumulate in your II pillar are fully inheritable.

It is up to the heirs to choose whether to withdraw the accumulated money or to inherit the fund units, which will be transferred to their pension accounts. These options can also be combined: to withdraw part of the money and transfer part of the fund units to a pension account.

If the heirs decide to withdraw the money that has been saved, they will have to pay income tax on the amount.

Legal heirs can apply for the redemption of inherited investment units.

Need advice regarding pension?

Book a meeting to video consultation.
Or call +372 6 310 310.

You might also be interested in

Pension fund	Current fees
K1990–1999 index fund	0,33%
K10	0,37%
K30	0,66%
K60	0,65%
K100	0,66%

Fees as of 01.08.2021. You can view the current fees of all funds provided in Estonia on the website at www.pensionikeskus.ee.

Not a customer yet?

II pillar funds

Squeeze more out of II pillar

How much could you win on fees?

Fees comparison

Pension Fund LHV L

Swedbank Pension Fund Generation 1980-89

Swedbank Pension Fund Index

Pension Funds

Generation 1980-89

Chart

Index

Chart

Show more

Generation 2000-09

Chart

Generation 1990-99

Chart

Generation 1970-79

Chart

Generation 1960-69

Chart

Conservative

Chart

Why is it beneficial to save in the II pillar?

Why choose a Swedbank pension fund?

Which fund to choose?

Life-cycle funds

Index fund

Joining for our customers

Joining for non-Swedbank customer

Your pension money creates a better future

Tips to get you started

There are different ways to invest sustainably

Chart

Support sustainable business with your pension savings

Environment

Social

Governance

In the retirement age

Before retirement age

Inheritance

You might also be interested in

III pillar

Easy Saver

Life insurance

Investing

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