3rd Pillar Pensions

After retirement the guaranteed support will compensate your usual income only partly.

Luminor 3^rdPillar Pensions provide the possibility to ensure that your income after retirement does not decrease significantly. Moreover, contributions to a pension fund will qualify for essential tax reliefs already now.

Why is it beneficial to save using the 3^rd Pillar Pension plans:

Resident income tax breaks the contribution amount if it does not exceed 10 % of the annual gross wage (together with life insurance savings premia) and does not exceed 4 000 euro
Amount and frequency of contributions is not limited
Possibility to invest in one or both pension plans
Possibility to access the accumulated assets upon reaching the age of 55
Assets accumulated in 3rd Pillar Pension scheme are inheritable

Progressive Pension Plan:

Up to 75% of the assets are invested into equities, namely – stocks and other similar means of investment. The remainder will be invested in fixed-income financial instruments: bonds, deposits of credit institutions.
Such investment strategy is suitable for the individuals who expect potentially high return and can accept significant asset fluctuations. This is a pension plan with very dynamic investment strategy.

Balanced Pension Plan:

Up to 25% of the assets are invested into equities, namely – stocks and other similar means of investment. The remainder will be invested in fixed-income financial instruments: bonds, deposits of credit institutions.
This investment strategy is suited to individuals, who are looking for relatively safe and stable, but modest return.

Annual Reports

2018

In Latvian
Luminor Latvian Open Pension Fund JSC Annual report for 2018
Pension plan Luminor Progressive pension plan Annual report for 2018
Pension plan Luminor Balanced pension plan Annual report for 2018

2017

In Latvian
Luminor Latvian Open Pension Fund JSC Annual report for 2017
201Pension plan Luminor Progressive pension plan Annual report for 2017
2Pension plan Luminor Balanced pension plan Annual report for 2017

Apply

Apply for 3^rd Pillar Pension scheme at any Customer Service Center

Make a transfer

Make a transfer to the account specified in the agreement; indicate your individual membership agreement number

Create a standing order

Create a standing order for not to forget to make the pension contributions

Why take half, when you can have it all?

3rd Pillar Pensions

Why is it beneficial to save using the 3^rd Pillar Pension plans:

Progressive Pension Plan:

Balanced Pension Plan:

Annual Reports

To start saving in Pension Fund:

Apply

Make a transfer

Create a standing order

Useful links

Why take half, when you can have it all?

3rd Pillar Pensions

Why is it beneficial to save using the 3rd Pillar Pension plans:

Progressive Pension Plan:

Balanced Pension Plan:

Annual Reports

To start saving in Pension Fund:

Apply

Make a transfer

Create a standing order

Useful links

Why is it beneficial to save using the 3^rd Pillar Pension plans: