With Luminor pension funds saving is simple and easy
Even as little as 1 Eur a day is enough for saving! You can save as much as you want and whenever you want with an option to stop contributions when needed.
The Government encourages long-term saving with a personal income tax relief. You can take advantage of it already this year.
Do not stuff your money in a sock – in pension funds it is possible to accumulate more by earning from investing, and you'll be able to use your savings however you want.
How to start accumulating?
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How to take advantage of a personal income tax relief?
Contributions to III pillar pension funds (the same as payments under life insurance agreements) during the calendar year are entitled to tax relief of up to 15% of the amount of paid personal income tax. The maximum amount of contributions cannot exceed EUR 2,000 per annum.
In order to fully use the advantage, the maximum amount subject to tax relief, including payments under life insurance, mortgage interest, etc., should not exceed 25% of annual taxable income.
How to choose a pension fund?
You can choose from the three III pillar pension funds.
- Luminor pensija 1 plius is the best option for those who want their savings to be safe and have 7 or less years until retirement.
- Luminor pensija 2 plius is a balanced growth and risk fund.
- Luminor pensija 3 plius is a fund that offers a higher expected return with 100% invested in stocks and runs a higher risk compared to the other funds.
What is important to know before investing?
Investing is related to risk, i.e. the value of your investment may rise or fall and your return may be smaller than your original investment.
When investing in foreign currency, exchange rate fluctuations are likely to affect your return. Luminor investicijų valdymas does not guarantee the success or profitability of your pension fund. Previous performance and results do not indicate, suggest or guarantee future success and results. Before deciding on supplementary pension accumulation in Luminor pension funds read the pension fund rules, learn about applicable deductions, investment strategy and risk factors.