Private Portfolio

Personal income tax refunds

According to the law on Personal income tax you may receive a 20% personal tax refund for amounts transferred that do not exceed 10% of your annual gross salary and the aggregate limit of 4000 EUR.

Example

Gross monthly salary: 800 EUR
Amount deposited monthly: 40 EUR
Amount deposited yearly: 40 * 12 = 480 EUR
Personal income tax refund: 480 * 20% = 96 EUR

Key information document

Single premium payment

Regular premium payments

Sustainability information

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Swedbank AS will process the personal data specified in this application to contact and inform about this service. Swedbank AS is processing personal data according to the Principles of processing personal data, which are available on Swedbank AS webpage www.swedbank.lv under Terms and Conditions and in customer service locations of Swedbank AS.

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A convenient and effective way of investing money

A unit-linked life insurance solution for saving and investing. A convenient solution if you want your investments to be managed by investment experts.

Investments according to the strategy chosen
Low administration fees, from 0.4%-1.25% per year
Option to assign a beneficiary
Automatic calculation and deduction of tax on profit
Possibility to get a tax refund of up to 20% from the state every year

Personal income tax refunds are available only if duration of the contract is 10 years or more.

Minimum periodical payment amount according to pricelist is 50 € per month, 150 € per quarter, 300 € per half year, 600 € per year.

Note that if you won’t use payment regularity, minimum amount of first payment defined in the pricelist is 1000 €.

Additional single payment

Please enter the amount of the additional single payment, if you plan to make such at contract start.

Additional single payment

€

Please enter the period in years - for how long you plan to save or invest. Contract term is not limited as the contract is concluded for 99 years and the customer may terminate it at any time. Meanwhile, please note, that that the personal income tax refunds are available only if the duration of the contract is 10 or more years.

Choose one of the Private Portfolio strategies that is most suitable for you, taking into account your risk tolerance and planned investment period. The recommended investment strategy for you is shown after filling in Suitability questionnaire.

Check possible investment return calculations by clicking on each of the different market scenarios below:

Positive scenario

This scenario reflects a positive scenario for investment performance based on the historically observed returns of a particular strategy over the period from 01.01.2012.- 31.12.2021.

As the basis for calculating of the performance the historically observed returns of the mentioned period were grouped by 5 years.

Then investment return used in this scenario was determined by selecting the one of the higher historically observed returns (90th percentile) over the 5 years holding period.

According to statistics, this or higher return was historically observed in only 10 % cases.

Moderate scenario

This scenario reflects a moderate scenario for investment performance based on the historically observed returns of a particular strategy over the period from 01.01.2012.- 31.12.2021.

As the basis for calculating of the performance the historically observed returns of the mentioned period were grouped by 5 years.

Then investment return used in this scenario was determined by selecting the median of historically observed returns (50th percentile) over the 5 years holding period.

According to statistics, this or higher return was historically observed in 50 % cases.

Negative scenario

This scenario reflects a negative scenario for investment performance based on the historically observed returns of a particular strategy over the period from 01.01.2012.- 31.12.2021.

As the basis for calculating of the investment performance the historically observed returns of the mentioned period were grouped by 5 years.

Then investment return used in this scenario was determined by selecting the lowest of historically observed returns over the 5 years holding period.

Predicted savings amount Predicted amount that would be paid-out to you at the end of the contract. It is shown already net of contract fees.
€
Sum of payments Estimated total sum of payments to be paid into the agreement during its term.
€
Tax refund In addition to having an opportunity for investing your funds, the Private Portfolio entitles you to annual personal income tax refund of 20% of the amount of contributions which have been made towards savings and do not exceed 10% of your annual gross salary and the aggregate limit of 4000 EUR. However, it should be noted that the personal income tax refunds are available only if the planned duration of the insurance contract is 10 or more years.
€
Annual return
%

Schedule of payments and fees

Contract year	Total amount of payments	Tax refund Tax refund for payments made during contract year.	Contract fees Contract administration fee, which insurer deducts from contract according to price list.	Estimated Investment Reserve This is the estimated value of savings at each contract year end calculated with estimated earning rates and payments you have defined above. Actual value of saving depends on actual investment performance of assets, which is not guaranteed. It is shown already net of contract fees.

All values generated by this calculator are not guaranteed and only serve as an illustrative example generated based on the values entered in the calculator.

Private Portfolio is a unit-linked life insurance which means that the savings reserve depends on the value of its underlying assets, which in turn can either increase or decrease over time, however the past performance is not a guarantee for future returns. Prior to entry into the contract, please examine the key information document, the terms and conditions of the contract, the price list and the short prospectus at the homepage www.swedbank.lv. The service provider is Swedbank Life Insurance SE, which is represented in the Republic of Latvia by Swedbank Life Insurance SE Latvian branch and the insurance intermediary service is provided by the insurance agent Swedbank AS.

All values generated by this calculator are not guaranteed and only serve as an illustrative example generated based on the values entered in the calculator.

Let’s have a talk about what’s important for you

Book a consultation with our specialist.

Flexible terms of contributions. Possibility to choose between investing regularly from EUR 50 per month or setting up a contract without any fixed payment regularity and making lump-sum contributions whenever you wish (in such case, the minimum first payment is 1000 EUR)
No additional fee on contributions.
Low administration fees, from 0.4%-1.25% per year depending on the strategy and investment amount.
Additionally, your life will be insured to the amount of 2% of the investment value (accrued amount). In case of an insured event, the insurance benefit will be paid out to the beneficiary designated in the contract.
Possibility to designate one or several
beneficiaries. To avoid a potentially lengthy and complicated inheritance process, we suggest designating one or several persons as beneficiaries. If you designate a beneficiary in your contract, then the accrued capital will be separate from the rest of the estate. In such case, if an insured event occurs, the insurance benefit (accrual + sum insured) will be divided between the beneficiaries.
Automatic calculation and withholding of tax on the profit at the
moment of payout. The tax on income earned under the unit-linked life insurance contracts is calculated, withheld and transferred to the state budget by the insurer.
An opportunity to get a 20% personal income tax refund every year. An opportunity to claim the income the personal income tax refund at the rate of 20% of the contributions made towards savings up to 10% of your gross annual salary and the aggregate limit of 4000 EUR on annual basis from the state. Also, take into account that in case of terminating the contract/making a partial withdrawal of the accrual before 10 years have passed since the conclusion of the contract, you may incur a liability to pay back the tax refunds received up until that date.

The investment portfolio, according to the chosen strategy, will be managed on your behalf by Swedbank’s investment experts. Investments are managed by Swedbank Investeerimisfondid AS which is one of the oldest and largest investment management companies in the Baltics, has been active since 1994 and is part of the Swedbank group as a subsidiary of Swedbank Robur.
Investments will be allocated according to strategy that you have chosen. Get a recommendation of the suitable strategy by filling out the questionnaire.
As investments are managed by experts, you won't have to worry about which assets to invest in or when is the right time to change the composition of the existing assets in the chosen strategy.
Check the performance of your investments at any time, as well as reviewing monthly reports prepared by our investment experts.

To determine which investment strategy suits you best, fill out the questionnaire.

Performance of investment strategies

Aggressive Growth Strategy

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The objective of the strategy is to achieve the maximum possible rate of return over long term which is sought to be achieved by investing in equity securities in a diversified manner. 100% of assets are invested in equity securities, but, depending on the market situation and for better achievement of the strategy’s objective, it is permitted to increase and reduce the weight of equity investments in the range of 70% to 100% of the strategy portfolio assets.

The strategy is suitable for investors who wish to invest for 10 years or more.

documentMonthly report

Growth Strategy

The objective of the strategy is to achieve growth in the value of the assets invested that is attainable at somewhat higher level of risk over medium to long term. This is sought to be achieved by investing in equity and bonds, including money markets, in a diversified manner, with 75% of assets invested in equity securities. Depending on the market situation, for better achievement of the strategy’s objective, it is permitted to increase and reduce the weight of equity investments in the range of 60% to 90% of the strategy portfolio assets.

The strategy is suitable for investors who wish to take on higher risk and make long-term investments (at least 7 years).

documentMonthly report

Balanced Strategy

The objective of the strategy is to achieve medium-term growth in the value of the assets invested that is attainable at a moderate level of risk. This is sought to be achieved by investing in equity and bonds, including money markets, in a diversified manner, with 40% of assets invested in equity securities. Depending on the market situation, for better achievement of the strategy’s objective, it is permitted to increase and reduce the weight of equity investments in the range of 25% to 55% of the strategy portfolio assets.

The strategy is suitable for investors who want to make medium-term investments (at least 5 years).

documentMonthly report

Real Value Strategy

The objective of the strategy is to achieve moderate growth in the value of the assets invested that is attainable at a low level of risk. Assets are mainly invested in bonds, including money markets, and 10% of assets, on the average, are invested in equity securities for diversification purposes and for improved return prospects. Depending on the market situation, for better achievement of the strategy’s objective, it is permitted to increase and reduce the weight of equity investments in the range of 0% to 20% of the strategy portfolio assets.

The strategy is suitable for investors who possess little financial market experience and who wish to hold the portfolio for at least 3 years.

documentMonthly report

Capital Preservation Strategy

The objective of the strategy is to preserve the value of the assets, which is sought to be achieved through investments in bonds in a diversified manner. Up to 100% of the strategy assets are invested in bonds, including money market instruments.

The strategy is suitable for investors who want to avoid strong investment volatility within one year or over a longer period of time.

documentMonthly report

Find out the most suitable investment strategy by filling out the questionnaire or booking an investment consultation.
Learn more about the investment solution and the recommended strategy after filling out the questionnaire.
Choose the preferred strategy and sign the contract.
Review the concluded contract, make changes in the contract if necessary, and keep track of the investment performance via Internet Banking.

Good to know

Regular contributions are debited automatically from the current account specified in the contract. If the contract is concluded without fixed regularity of the contributions, contributions to the contract will need to be made manually.

Your contract will enter into force after receiving your first contribution of at least the minimum amount specified in the Price List.

Important! Due to the right of withdrawal provided for in legislation, investment units will be purchased after receiving the first contribution no sooner than after 30 days since the conclusion of the contract if it was entered into via Internet Banking (after 15 days if entered into at a Swedbank branch). For further details about the terms and the transaction procedure, see here.

Service	Price, EUR / %
Receiving
Setting up the contract	Free of charge
Using
Insurance premium fee	Free of charge
Contract handling fee (per year)	The Administrative fee is calculated as a percentage of the value of the Savings reserve.					The contract handling fee is set as a rate per annum and depends on the investment strategy and amount of reserve. The fee is withheld from the reserve once a month The fee is not charged for insurance premiums for which investment units have not yet been purchased.
	Conservative Strategy	Real Value Strategy	Balanced Strategy	Growth Strategy	Aggressive Growth Strategy
- Reserve < EUR 10 000	0.75%	1%	1%	1.25%	1.25%
- Reserve EUR 10 000 - 100 000	0.5%	0.75%	0.75%	1%	1%
- Reserve = > EUR 100 000	0.4%	0.5%	0.5%	0.75%	0.75%
Amendment of the contract	Free of charge
Closing
Partial payout of the reserve or early termination of the contract:	0% - 0.5% 0.5% of the amount of the reserve to be paid out if the payout is requested within 5 years after the contract start date. In other cases - free of charge.					The minimum reserve after partial withdrawal of the reserve is at least 300 EUR.
Sum limits
Minimum Insurance premium if premium payment schedule is agreed in the Contract	50 EUR per month 150 EUR per quarter 300 EUR per 6 months 600 EUR per year
Minimum first Insurance premium if premium payment schedule is not agreed in the Contract	1000 EUR
The minumum of Savings reserve after partial withdrawal	300 EUR					Upon out-payment, partial withdrawal amount together with partial withdrawal fees can not exceed Savings rezerve.

documentGeneral Terms, Transaction Dates and Procedure

Effective from 04.01.2021.

You can

Make additional contributions.
Change the regularity of contributions.
Change the amount of contributions.

Change the investment strategy. Time after time it is worthwhile to review the chosen investment strategy. Does it still match your risk tolerance and expectations? One of the general rules to stick to is that the less time remains until the end of the time horizon of your investment, the less risks should be assumed (you should consider the possibility to switch to a lower-risk investment strategy). Apply for a consultation if necessary.
Change beneficial owner(s).

Make a partial payout. In case of requesting a partial payout of the accrual under contracts valid for less than 5 years, a fee according to the price list applies. Another consideration to note is that if you have received personal income tax refunds for the contributions under the contract, and the partial payout of the accrual has been made before at least 10 years have passed since it was signed (5 years if the contract was signed by 31.12.2017), you will have to pay back the tax refunds you received and in such a case no refund will be available for subsequent contributions.
Terminate the contract. For contracts valid for less than 5 years, a termination fee according to the price list applies. LV: If you have received personal income tax refunds for the contributions under the contract and the contract is terminated before at least 10 years have passed since it was signed (5 years if the contract was signed by 31.12.2017), then you will have to pay back the tax refunds you received.

Your private portfolio savings are being invested

By choosing Swedbank you make sure your money is invested into companies that care about fair wages, gender equality, climate change mitigation, responsible consumption and production. The integration of sustainability risks into investment-decision processes is crucial for a greater chance of a long-term return on investments.

Private portfolio savings promote environmental and social (E/S) characteristics by refraining from investing in harmful industries or in companies which breach international norms.
For more information on the sustainability characteristics of this product, please refer to the Sustainability-related disclosures.

Statement on principal adverse impacts of investment decisions on sustainability factors

For information on how Swedbank Life Insurance integrates principal adverse impacts of its investment decision, please refer to the Statement on principal adverse impacts of investment decisions on sustainability factors.

Investors are actively directing money to sustainable investments.

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Source: World Federation of Exchanges

Support sustainable business with your private portfolio savings

When money is invested in sustainable companies, it contributes to social and environmental well-being and responsible business. Click on different areas to find out the impact.

Source: International Institute for Sustainable Developments

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

Children grow up so quickly! Seems like just a moment has passed and all of a sudden your darling is applying for college and want to start an independent life.

A convenient way of investing the company’s spare money in a diversified and sustainable manner.

The future is unpredictable but it can be taken care of - by starting to save with Swedbank’s 3rd pension pillar today.

Private Portfolio

Personal income tax refunds

Key information document

Single premium payment

Regular premium payments

Sustainability information

A convenient and effective way of investing money

Check possible investment return calculations by clicking on each of the different market scenarios below:

Schedule of payments and fees

Let’s have a talk about what’s important for you

To determine which investment strategy suits you best, fill out the questionnaire.

Aggressive Growth Strategy

Growth Strategy

Balanced Strategy

Real Value Strategy

Capital Preservation Strategy

Good to know

You can

Your private portfolio savings are being invested

Statement on principal adverse impacts of investment decisions on sustainability factors

Support sustainable business with your private portfolio savings

Environment

Social

Governance

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