Making Contributions

You can make contributions to the pension fund’s retirement plans personally or they can be made for you by your employer or another individual.

The contributions are extremely flexible – the quantity and frequency of contributions are entirely up to you!

To make contributions yourself, you need to enter into the individual participating contract and open your individual pension account. If contributions are made for you by your employer or another individual (such as husband, wife, children, etc.), your individual participating contract must specify that person as the payer.
The contract can be entered into at any branch or sub-branch of Swedbank.

The Swedbank Open Pension Fund offers various ways to make contributions into retirement plans selected:

• Automatic Investment – the participant’s instruction to invest an amount of money in the retirement plan selected in their own favour on a regular basis:
  • available to Swedbank clients, who hold a cash account;
  • can be signed up for at any branch or sub-branch of Swedbank, as well as via Internet banking;
  • available in LVL, USD or EUR.

• Standing Order – the payer’s instruction to invest an amount of money in the retirement plan selected in favour of other participant on a regular basis:
  • available to Swedbank clients, who hold a cash account;
  • can be signed up for at any branch or sub-branch of Swedbank, as well as via Internet banking using the bank’s defined payment form;
  • available in LVL, USD or EUR.
  • Notification to 3rd Pillar Pension Plan Participants – Amendments to the Terms of Standing Orders

• Transfer from own account or in cash – participant’s or payer’s one-off cash investment in the retirement plan selected.

Accounts for contributions and details for transfer to retirement plans of Swedbank Open Pension Fund:

Beneficiary: Pension Plan Account No: „Swedbank Atklātais Pensiju Fonds” AS (custodian bank: "Swedbank" AS) Stabilitāte+ 25  LV19HABA0551004769650 Dinamika+ 60  LV47HABA0551004769825 Dinamika+ 100  LV03HABA0551015454488 Dinamika+ (USD) LV91HABA0551004769809

Purpose of the payment: first name, surname of the person for whom the contribution is made (preferably, also the number of the contract or the individual pension account)

NB! Use the bank’s defined payment form when making the transfer via Internet banking.

Contributions into participants’ individual pension accounts will be credited by the Pension Fund no later than the next business day after the day when the funds have been credited to the account opened for the retirement plan.

Each participant and payer can select a different asset investment policy or currency and make contributions to a number of pension plans at the same time!
Contributions to pension plans can be temporarily discontinued and then resumed!

Remember – the sooner you start your savings, the bigger pension capital you will save in the long-term!