Navigate to main page content

Third pillar

Start saving today!

The most useful way of saving for the long term

  • You may get a 20% tax rebate on your contributions.
  • You can increase and decrease the amount you pay and suspend payments for a certain period.
  • Third pillar is your personal asset and if necessary you can withdraw it before retirement.*

*Valid for V100, V60 and V30.



Majority of people expect their pension to be much higher than it will actually be. The earlier you start saving the easier your life in retirement will be.

{ "chart": { "height": 250 }, "xAxis": { "visible": true }, "yAxis": { "visible": true }, "plotOptions": { "areaspline": {"marker": { "enabled": false }} }, "tooltip": {"enabled": true, "shared": true} }
  •  EUR
  •  EUR

This a sample calculation, where the forecast return is based on the internationally used long-term historical annualized return on equity (7%); however, however this does not imply that similar returns can be achieved in the case of the III pillar. For example, the annualized return of the Swedbank pension fund V100, which invests 100% into equity, since the creation of the fund is 4,9% (30st of April 2020). Past return does not guarantee similar return in the future. The basis for the income tax refund is the income tax rate of 20%, which is valid in 2020, and the income tax refund only applies with regard to those contribution that you have made yourself, and which amount up to 15% of your gross income, but do not exceed 6,000 euros.

Why contribute to the 3rd pillar?

  1. Tax incentive

    The 3rd pillar is the only option for long-term saving that the state supports with a tax rebate. This means you may 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. Calculate your contribution per calendar year to maximise your tax refund.

  2. You are saving for your future

    Third pillar is your personal asset and if necessary you can withdraw it before retirement. When withdrawing the assets you need to consider current tax system and that the valid rate of income tax will be deducted from the payments. Read more

    With a more favourable income tax rate of 10% or even 0%, you can use the money as you approach retirement age.

    • If you began saving before 28 December 2020.
      You can use the money from the age of 55 with a more favourable income tax rate, if you have accumulated pension in the III pillar for at least 5 years.
    • If you start saving on 1 December 2021 or later.
      You may withdraw the money at a more favourable income tax rate 5 years before reaching retirement age, if you have accumulated pension for at least 5 years.

    The more favourable rate also applies if the collector is incapable of working. Disbursements which are taxed with a more favourable 10% or 0% income tax rate are not included in your annual income. Note that in other cases III pillar disbursements are part of your annual income and may affect your tax-free income rate.

  3. Bigger pension

    On average, people in Estonia enjoy a retirement of 20 years. By saving you can influence the size of your income in the future. It’s recommended that you also put aside 10-15% of your income on a regular basis. 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. We recommend you to start saving as early as possible.

Useful links

Investment Helpline

613 1606 (Mon-Fri 9.00–17.00)

Swedbank logo

Internet Exploreriga ei saa internetipanka avada.

Palun kasuta Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i.

Alates 23. märtsist ei ole võimalik Internet Exploreri veebibrauseri kaudu Swedbanki internetipanka avada.

Internet Exploreri kaudu ei saa teha ega kinnitada Swedbanki makseid ka teistel veebilehtedel.

Soovitame kasutada Internet Exploreri asemel Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i uusimat versiooni. Nende seadistamise juhendid leiad siit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klienditugi - Инфо и помощь - Customer service: +372 6 310 310

  • Teie operatsioonsüsteem ja veebilehitseja ei ole kaasaegne ega toetatud Swedbank internetipanga poolt. Palun uuendage oma operatsioonsüsteem ja veebilehitseja või pöörduge vastava IT tehnilise spetsialisti poole.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have logged out of the Internet bank!

If you have any questions or suggestions, send a bank messages. We value your opinion!

To exit securely, please close all the browser windows!

Kind regards,