- Estonian pension system
- I pillar
- II pillar
- III pillar
The units of the voluntary funded pension can be inherited. In order to start the succession proceedings, the successors first have to contact a notary. After the notarized succession certificate has been received, the successors have to file an application to a suitable bank office for inheriting the units. In case of succession of the units of a pension fund it is possible to:
Documents to be submitted to the bank:
The successors must submit a relevant application and a copy of the notarized succession certificate to the relevant bank office. The bank will send the necessary documents to the Estonian pension register.
Income tax must be paid on cashed out units.
A foreign document that is to be used in Estonia, must be legalized at the foreign ministry or foreign representation of the foreign state where the document is issued and then at the foreign representation of the Republic of Estonia (embassy) or at the consular department of the Foreign Ministry.
In order to inherit an insurance contract of the supplementary funded pension, the successors have to contact a notary. After the notarised succession certificate has been received, the successors have to file an application to the insurance company.