Swedbank V-funds


A great opportunity for long-term investment in the 3rd pillar pension

  • You may get a tax rebate* on your contributions.
  • The entry and transaction fees when purchasing V-funds are €0.
  • You can increase and decrease the amount you pay and suspend payments for a certain period.
  • We offer three funds with different risk levels.
  • You can change from one 3rd pillar fund to another.

*Income tax will be refunded from third pillar pension contributions that are up to 15% of your gross income but not more than 6,000 euros per calendar year. Income tax from the contributions will be refunded to you if you submit an income tax return. You will only be able to gain a refund on third pillar pension payments if you have concluded the respective transactions yourself.

What should I know before investing in V-funds?


In order to work out whether V-funds are right for you and which one to choose, fill in this risk questionnaire.

Fill in risk questionnaire


You need to have a securities account in order to invest in V-funds. If you don’t have one yet, you can open one free of charge in the Internet Bank.

Open securities account

  • How do I make contributions to V-funds?

    You can pay money in via a monthly direct debit or at a time and in an amount that suits you. We recommend making regular contributions – preferably on a monthly basis. Investing regularly gives you the opportunity to buy fund units when the markets are up or down, which generally gives you a better average purchase price than one-off investments.
  • Can contributions be increased, decreased and suspended?

    Yes – you can do all of this in the Internet Bank or at any branch. Making such changes is free of charge.
  • Can I exchange 3rd pillar fund shares?

    In exchanging the shares of V-funds, all you pay is the transaction fee. However, if you want to exchange the shares for the fund shares of another fund manager, you may run in to additional costs. You can also partly exchange shares.

    Moreover, you can transfer the amount you’ve saved in your 3rd pillar fund, in part or in full, to a 3rd pillar pension agreement entered into via life insurance, and vice versa. We recommend investigating the potential cost involved in doing so beforehand with the help of a member of bank staff. All exchanges are organized so that you don’t have to pay any income tax in the process.

  • How can I withdraw money from V-funds?

    You can make use of your V-fund savings before your retirement. You need to consider current tax system and that the valid rate of income tax will then be deducted from the payments, along with an exit fee. Starting from the age of 55, if you’ve been contributing to the 3rd pillar for five or more years, the income tax rate is much more favourable when you withdraw money – just 10%. The same rate applies if you’re incapacitated and unable to work. Lifelong payouts are not subject to income tax. To withdraw money from V-funds you can sell the shares at any branch or via the Telephone Bank by contacting Investment Support on 613 1606.
  • Can 3rd pillar fund shares be inherited?

    Yes. An application and a certificate of succession need to be submitted in order for the shares to be transferred. A private successor can choose whether to have the shares transferred to their securities account or to withdraw them in cash. If you sell the shares, income tax is immediately deducted and the successor doesn’t have to submit a tax return.

Investment Helpline

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