Contributions

The word to describe the contributions of supplementary funded pension is flexibility:

• You can determine yourself the amount of contributions
• You can increase or decrease the amount of savings according to your need
• You can temporarily suspend contributions
• You can take out part of the money before your retirement

Taxation of contributions

The unit subscription fee will be applied to the subscription of pension fund units.

A common income tax advantage is applied for different products of contributions of supplementary pension: the Estonian Tax and Customs Board refunds you 21% from the contributions made during the calendar year, which do not exceed 15% of your gross income.

The advantage is applied only to the amounts collected for pension; the amounts paid for insurance protection (e.g. life insurance) should be subtracted from the amounts of contributions. In order to the income tax advantage to be applied for the pension insurance, the contract must be effective for at least 5 years until you are 55.

The income tax advantage will remain effective in case you decide to change the fund.