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My pension assets

Your pension savings will be safe with us

  • Your pension assets are looked after by world-class investment specialists.
  • You’ll find the best options for you for both the 2nd and 3rd pillar pensions from our wide selection.
  • We’re the biggest provider of pension solutions in Latvia – more than 500,000 clients have entrusted their savings to us.

In order to transfer your accrued 3rd pillar pension capital from Swedbank Atklātais Pensiju Fonds to other pension fund in Latvia, conclude a 3rd pension pillar individual participation agreement with the pension fund to which you wish to transfer the capital.

Fill out the "Application for transfer of supplementary pension capital". Submit the application via Swedbank Internet Banking site’s section Payments, accounts > Document signing > “Document upload”.

If you use e-signature, upload the electronically signed application.

Fill out the application
1st pillar

The 1st pillar is the state pension, which is designed to cover the basic cost of living. Because the population is ageing, the number of pensioners is increasing and the share of the old age pension paid by the state is decreasing. As such, it’s becoming more and more important for people to contribute to their own future savings.

More about Latvian pension system

2nd pillar

The 2nd pillar is the mandatory funded pension, in which contributions are made from social tax paid from your salary. The first two pillars combined will make up around 50% of the income you’ll receive before your retirement.

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3rd pillar

The 3rd pillar is the voluntary savings for greater financial independence. The 3rd pillar allows you get back 20% of your contributions, access the accrued capital before you retire - from already 55 years of age and these savings are also heritable.

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Pension graafik

The total of three pillars is about 70% of pre-retirement income.

By using all three pillars you will be able to have a retirement that allows you to carry on living standard you’re used to.

Pension

Your income in future will greatly depend on the solution you choose today.

To maintain the established standard of living the pension should amount to 70% of the income before retirement. It is possible if you start early with contributions to the 3rd pillar.