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When concluding the agreement, it is crucial to select the most appropriate investment strategy. In selecting the investment strategy, give careful consideration to the following issues:
With your choice of strategy you agree to the main conditions of investment, namely, the assets and financial instruments your money will be invested in, the risks and the recommended investment horizon.
We offer a choice of five investment strategies:
If necessary, our financial consultants will be happy to assist you with choosing your most appropriate strategy.
The selected investment strategy may be changed free of charge.
Portfolios are managed by a professional team of Swedbank Group investment experts using an extensive analytical base and the industry’s latest management methods. Private portfolios are managed in cooperation with Swedbank Robur, a Swedbank Group company with a proven track record from 1967. Robur has been named the Nordic region’s best investment management company for three consecutive years.
Selection of funds is based on quantitative analysis, measuring historical performances and risk levels of funds, as well on qualitative analysis where the fund management and investment processes are assessed.
If the financial market situation calls for any change - the balancing of investments or replacement of certain investments - it will be done automatically in your portfolio. All changes in the portfolio are made at the then-current fund unit prices, without charging any extra fees.
You can set up the Private Portfolio Contract with automatic monthly contributions or with a one-off contribution (anywhere from EUR 1000) and later pay additional contributions into the investment contract whenever and how much you choose to. The minimum amount of monthly contributions is EUR 50.
Also, you can withdraw money from the investment at any time. During the first five years, the contract termination fee is 0.5% of the contract's cash value, and later the termination is free of charge. If you make of the statutory personal income tax benefits, then terminating the contract within the first ten years is not recommended as otherwise any tax refunds received will need to be paid back to the state.
Regular investments in the Private Portfolio allow avoiding the so-called untimely investment (i.e. buying fund units when the prices are the highest) - if the same amount is invested each month, you will buy units at various prices, consequently reducing the risk of buying fund units at highest prices.
Our Internet Banking site provides a detailed report of your Private Portfolio and information about the current value of investment, amounts paid and withdrawn, fees applicable to the contract, and the yield both in numbers and in the form of a chart. There you will also find the monthly portfolio report on changes made in investments, a brief overview of financial market developments and, of course, the portfolio's investment result.
Likewise, you can make any alternations to the contract via Internet Banking, such as change the beneficiary or payment details.
The tax rate for income earned under endowment life insurance contracts is 20%. In case of Private Portfolio, the PIT is calculated on and withheld only from the payout at the end of the contract; hence, no tax is applied on doing rebalancing within the same strategy or on change of strategy.
Moreover, the capital gains tax is calculated, withheld and transferred to the state budget by the insurer. It means that the customer won’t need to make the calculations or file tax returns to the State Revenue Service.
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.
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
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Private Portfolio is an endowment life insurance product the enables saving and investing in financial markets according to an investment strategy of your choice. It is a great solution for customers who wish to leave investment decisions to professionals.
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. Please take into account that the value of an investment unit may increase or decrease during the contract lifetime and also the value of the reserve may accordingly increase or decrease in line with the value of the investment unit.
Choose an investment strategy that matches your goals and permissible level of risk.
With the Private Portfolio, you won’t need to thing and worry about which assets are best to be invested in or what would be the right time to change the existing assets - our investment specialists will do it for you.
The contract may be set up with regular contributions or a one-off contribution. Additional contributions towards savings may be made during of the contract at any time.
In addition to being a great opportunity for investing your spare 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.
The performance of your investments can be easily tracked via Internet Banking, as well as viewing reports on contributions made, profit generated by savings, cash flow and other transactions.
Treatment of Private Portfolio contracts is more favourable in respect of personal income tax (“PIT”), which is calculated on income earned from investing capital.
If a particular beneficiary is named in your contract, then the accrued capital is segregated from the rest of the estate. With the required document submitted, the capital is paid out to the beneficiary within a short period of time. Any person may be named as the beneficiary by the customer.
Capital Preservation StrategyThe strategy aims to preserve the value of assets by assuming low risk. 100% of the portfolio assets are invested in fixed-income securities. The portfolio is suited for investors who want to avoid strong investment volatility within one year or over a longer period of time.
Real Value StrategyThe strategy seeks to attain a moderate growth in the value of assets by assuming low risk for the customer. The portfolio assets are mainly invested in debt securities and, to a limited extent, in equity securities. The strategy is suitable for investors with medium investment horizon (at least 3 years) who have little experience with financial markets.
Balanced StrategyThe strategy seeks to protect the value of assets against inflation in medium-term by assuming moderate risk for the customer. The portfolio assets are predominantly invested in equity and fixed-income securities funds. The portfolio is suited for investors who want to make medium-term investments (at least 5 years).
Growth strategyThe strategy seeks growth in the value of assets in excess of inflation in medium to long term by assuming high risk for the customer. To achieve the investment goal, the greater part of the fund assets is invested in equity funds. The portfolio is suited for investors who wish to take higher risk and make longer-term investments (at least 7 years).
Aggressive Growth StrategyThe strategy aims for maximum growth in the value of assets by assuming high risk over a longer period of time. To achieve the investment goal, the fund assets are invested in equity funds and also hedge funds may be used. The portfolio is suited for investors who want to take higher risk to earn maximum profit. The recommended investment horizon is more than 10 years.
The Private Portfolio is unit-linked life insurance contract with accrual of funds. Before entering into the contract, please see the terms and conditions of the contract and the price list on Swedbank’s Internet Banking site. The service provider is Swedbank Life Insurance SE. The charts shown in the description and their explanatory texts are for information only. The figures used do not represent any actual results on financial markets. The insurer is unable to guarantee or predict performance of financial markets.
2nd pillar of pensions is a scheme funded by the government - opportunity to increase your pension by forwarding a part of your social insurance contributions to a professional funds manager, who then invests the funds into securities and operates to make profit.
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