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Employer‘s savings program for employees

Employer‘s savings program for employees

Full support of implementing and assisting employees' with 3PP product in your company
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Additional motivation for employees

Tax allowance

Improves the employer’s image

Support in introduction of the motivation programme

Why should employees choose the 3rd pension pillar?

25.5 % tax refund for the contributions made*

Access your savings at the age of 55

The accrued capital can be inherited

Stable long-term performance**

*PIT allowance for the amount not exceeding 10 % of gross yearly salary (counted together with premiums on life insurance with savings), but not exceeding €4,000. Calculation example: receive a PIT refund of €25.50 on each €100 contributed.
**Based on data as of 31.12.2024, the pension plan Luminor Future 50-55 annually earned its participants average of 4.65 % over a period of 10 years, while the pension plan Luminor Future 55+ made 1.07 %. The historical performance of a particular pension plan does not guarantee the same results in the future.

You could take the first step towards long-term motivation program and well-being of your employees by starting savings for the future of employees in the 3rd pension pillar.

We recognize that each organization has its individual values, needs and long-term goals. Our experienced team works closely with you to offer pension solutions that align with your company's culture and your employees' aspirations.

Our experienced pension product expert Aiga Kube will support your company fully for joining employer's pension solution. Aiga is here to simplify the process, providing clear explanations and answering your questions. We ensure that your employees are informed to make confident decisions.

Contact Aiga already today to learn more about our Luminor Employer ‘s savings program for employees and take the first step towards a prosperous retirement journey.

Your employees deserve nothing less!

Aiga Kube

Partnership Manager
[email protected]
+371 264 09 680

Are you ready for your income drop by 50%?

1st and 2nd pension pillars combined provide no more than 50 % of your average income. This means – instead of EUR 1000, only EUR 500.

EUR 1305
Average salary after taxes in Q1 2025

EUR 622
Average pension in Q1 2025

  Paying a salary,
EUR		 Contributing to the employee’s 3rd pension pillar,
EUR
Motivation Amount (gross) 100.00 100.00
Employer's Social Tax (23.59%) 23.59* -
Total Employer Costs 123.59 100.00
Employee's Social Tax (10.50%)               10.50* -
Personal Income Tax (PIT) 22.82* -
Total Employee Benefit 66.68 100.00**
*The calculation uses 2025 tax rates, which may change in accordance with amendments to regulatory acts.
**When capital is paid out, the following is withheld from the employee: personal income tax on employer contributions (25.5 % or another rate applicable at the time), and capital gains tax on profit (25.5 % or another rate applicable at the time).

Pension plans` performance

Learn more

Useful links

Pension plan applications
Accounts for contributions and bank account specification
Basic information for pension plan members
Pricelist

Luminor 3rd pillar pension plans are administered by Latvijas atklātais pensiju fonds, reg. No. 40103331798, Skanstes iela 12, Rīga, LV-1013, and is managed by Luminor Asset Management IPAS, Skanstes iela 12, Rīga, LV-1013. The custodian bank is Luminor Bank AS Latvian branch.
 
Disclaimer
Before choosing the specific pension plan you should consider the following risks:
- the more investments thereunder are being made into stocks and other instruments comparable to them the more risk of income fluctuation this entails (both to positive and negative direction);
- historical income results generated by specific pension plans do not guarantee the same results in the future;
- choose the pension plan with active investment strategy only if you understand the risks it entails and can financially bear them;
- the closer you are to the retirement age the more conservative pension plan would be the best option for you.
 
Luminor Latvijas atklātais pensiju fonds AS (hereafter – Pension Fund), informs that pursuant to the Clause 29 sub-clause (7) of the Law on Private Pension Funds, the engagement policy and voting rights on behalf of Pension Fund implements manager of funds – Luminor Asset Management IPAS, which engagement policy is available here.