The Third Pillar

Prize draw!
4 x €1000
pension bonuses

The most useful way of saving for the long term

  • You get a 20% tax rebate* on your contributions.
  • You can increase and decrease the amount you pay and suspend payments for a certain period.
  • You can even withdraw the money you’ve saved should you need to.

Contributing to a third pillar pension is an important step in insuring your future. Be sure to review the terms and conditions of the product or the fund prospectus and the risks associated with investing. It is important to save regularly and continuously. Start saving today!

Note: If you make regular contributions to the third pillar, you will be entered in a draw to win a €1000 pension bonus! Make your contribution for this year by 27.12.2017 at the latest. Review the terms and conditions of the campaign.

To start, calculate how much income tax you’ll get back

Monthly payment
Accrual period

*This calculation is an example and based on the 20% income tax rate valid in 2017. 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.

Contributions per year
Total contributions in savings period
360 EUR*
Income tax rebate in savings period
72 EUR*

Why contribute to the 3rd pillar?

  1. Bigger pension

    On average, people in Estonia enjoy a retirement of 20 years. According to various studies, the pension you receive during your retirement should be 65-70% of your existing income if you want to continue enjoying your current standard of living. It’s been estimated that the first two pillars make up around 40% of the income you’ll receive during your retirement. As such, it’s recommended that you also put aside 10-15% of your income on a regular basis.

  2. Tax incentive

    The 3rd pillar is the only option for long-term saving that the state supports with a tax rebate. This means you’ll get the income tax back on contributions to the 3rd pillar. 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.

  3. Flexible withdrawal options

    You can also make use of your savings before your retirement, although the valid rate of income tax will then be deducted from the payments. 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.

Choose the right 3rd pillar solution for you

Pension Insurance+


Income tax rebate
Partial guarantee on contributions
Possible to choose risk level
Possible to indicate beneficiary
Securities account required

Enter into agreement

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Choose V-fund

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To find the right 3rd pillar savings option for you, fill in this risk questionnaire.

Investment Helpline