Contribute in wind, it's always there!

Contribute in wind, it's always there!

Explore the modern options for your 3rd pension pillar savings


  • Invest in your 3rd pension pillar now!
  • Receive 20 % tax relief every year
  • New! 3rd pillar Pension fund Luminor Sustainable Future Index

20 % PIT (personal income tax) reduction per year from the contributions paid*

We hold the leader's position in the supplementary pension saving field – 41 % of all savers choose Luminor**

Accumulated assets are inherited

Solid long-term investment results – for example, Luminor pension 3 plus generated the return of 7.33 % on average in the last 10 years***

Choose a more sustainable way of saving for pension

Chose the most suitable savings strategy for you

Age of saver Proportion of shares* Pension plan / strategy **
18-49 years Up to 100 % Luminor Sustainable Future Index
18-49 years Up to 100 % Luminor pension 3 plus
50-59 years Up to 50 % Luminor pension 2 plus
Older than 60 years No investment into shares Luminor pension 1 plus

* Proportion of shares – the maximum limit for investing pension plan funds in equity securities – company stock and other similar types of investments.
** You can choose to make contributions to one or more pension plans depending on your investment maturity and the most suitable proportion of shares.

Please be informed that Luminor pensija darbuotojui 1 plius and Luminor pensija darbuotojui 2 plius supplementary voluntary pension funds will be merged to Luminor pensija 2 plius supplementary voluntary pension fund from 25 November 2022. Therefore, in the period of 18th November 2022 - 25 November 2022 (inclusive), there will be no new payments accepted to the Luminor pensija darbuotojui 1 plius and Luminor pensija darbuotojui 2 plius pension funds that will be closed after the merger, as well as withdrawals from these accounts will not be possible, issuance and / or redemption (conversion) of units will not be made. Also, operations for changing pension funds within the company or transferring from / to another company, new agreements conclusion or termination of existing agreements, including inheritance cases processing will not be possible. More information about the merger of funds can be found here.

Choose a pension fund:

Luminor pension 1 plus

  • No investment into shares
  • Low risk fund
  • Suitable for savers that are older than 60y

Created for savers looking for maximum preservation of their property value, however with potentially lower return.

Luminor pension 2 plus

  • Maximum 50 % of assets can be invested on stock markets.  
  • Medium risk fund.
  • Suitable for 50y-59y savers

Created for savers looking for the balance combination of return and risk.

Luminor pension 3 plus

  • Up to 100 % of assets can be invested on stock markets.
  • High risk fund.
  • Suitable for 18y-49y savers

Created for savers looking for potentially higher return in long-term perspective and assuming big fluctuations in value.

Luminor Sustainable Future Index

  • Fund is a high-risk fund with up to 100 percent assets can be invested in stock markets.
  • The global direction of the equities has been chosen, the long-term return of which is more stable compared to the return of funds established on a sectoral or regional basis.
  • Suitable for 18y-49y savers who seek high ESG* standards for their pension savings

Created for savers looking for potentially higher return in long-term perspective and assuming big fluctuations in value.

* Pension fund invests its assets only in equity index funds that in invest in companies with higher-than-average scores in Environmental, Social and Governance (ESG) ratings, exclude companies that are involved in business activities associated with negative environmental or social impact. In addition, investments in fossil fuel sector and companies involved in controversial activities are excluded or as a minimum significantly reduced. By applying exclusion criteria and investing only in companies with strong ESG ratings pension plan investments constitute only the best 25% of broad market universe in terms of ESG performance. ESG rating is designed to measure a company’s resilience to long-term, industry material ESG risks. Rules-based methodology is used to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers (source:

Luminor pension funds

Why save in the 3rd pension pillar? Learn more about situation in financial markets

What is the reason for downturn in financial markets and what are the forecasts?

The invasion of Ukraine has brought inconceivable loss for Ukrainians and significantly increased geopolitical uncertainty for the whole world. It has also had an economic impact.

Financial markets across the world have reacted negatively, with equity markets selling‑off and oil price spiking. Western countries are punishing Russia’s military action by imposing sanctions and trade restrictions. As the war continues, the prices of goods and services continue to rise, and central banks have been forced to raise interest rates.

High inflation and related raise of interest rates by central banks have created concerns about possible slowdown in economic growth, which has contributed to heightened volatility in both stock and bond markets. How long these fluctuations will last will largely depend on the indicators of inflation and economic growth indicators in the coming months, as financial market participants expect a turnaround in inflation growth. Reaching the highest inflation point would allow us to anticipate with more confidence the expected rise in interest rates and its impact on economic growth forecasts. As uncertainty declines, it is easier for financial market participants to estimate the fair value of assets and volatility in financial markets tends to decrease.

What is Luminor's response to what is happening in the financial markets?

Investments in Luminor pension funds are widely diversified by region and industry. The main goal of Luminor pension funds investment strategy is long‑term sustainable return, but short‑term volatility and periodic market turmoil are inevitable.

It is important to understand that short‑term negative value fluctuations are normal and an integral part of the investment process.

Luminor Asset Management team has reduced the risk of its investment portfolios since the beginning of this year. This was done mainly to avoid the negative effects that tighter monetary policy is likely to have. As a result, our total equity investments have been slightly lower than required by the strategy and we have shifted some of our equity investments to more stable industries, which tend to perform relatively more stably at indefinite times.

We will continue to monitor the conflict, assess the possible economic consequences, and adjust the portfolios accordingly. In the meantime, we look forward to the restoration of peace in Ukraine soon.

Why start saving in 3rd pension pillar now?

We must continue to think about our future and our prosperity after retiring. 3rd pension pillar savings are long term and should be based on a long‑term vision.

Long‑term savings with regular contributions during both downturns and booms in financial markets are a type of investment that reduces the impact of financial market fluctuations. This is typical practice for pension savings, as it results in growth of accumulated capital by counteracting short‑term fluctuations. It is important to maintain the frequency and amount of contributions to ensure positive result.

The downturn in the financial markets for long‑term savings with regular contributions can also be a good time to increase pension funds’ portfolio with lower price.

And, of course, we must not forget about the additional benefit of supplementary pension savings – participants of the 3rd pension pillar can use the personal income tax benefit up to 20 % of the contributions made to the supplementary pension fund (made by themselves or their spouse), which does not exceed 25 % of gross salary, max. EUR 1,500.

Why should I continue to make contributions if accumulated capital decreases not increase?

"Loss" is actual loss only at the time the funds are withdrawn (units of the pension fund are sold). For a higher long‑term result, it is important to maintain the frequency and amount of contributions when purchasing securities during the downturn in the financial markets, when their prices have fallen. Financial markets, like the economy, are cyclical: the recession is followed by an upturn and long‑term economic growth is on a positive trend. Financial markets largely reflect the growth of the global economy and, as historical data show, long‑term investment returns tend to be positive.

I’m close to my pension age, is it safer now to stop supplementary pension savings and withdraw money to protect myself from further losses?

First of all, it is necessary to assess whether these funds will be needed in the nearest future. If it is possible to continue contribute to supplementary pension savings, this would be the most appropriate decision at this time.

Short‑term negative fluctuations of assets value are normal and are an integral part of the investment process, as the growth of the global economy is also cyclical – periods of upswing and recession are interchangeable, but in the long run growth is positive.

Luminor Asset Management continues to monitor the situation as a result of the conflict, assess the potential economic consequences and adjust our portfolios accordingly.

What investment strategy is most appropriate right now - is it better to choose more conservative plan?

Regardless of the situation in the financial markets, it is very important that the pension investment strategy is in line with the planned period for 3rd pension pillar savings:

  • If the period till retirement age is at least another 15 years – the value of the pension plan assets has enough time to recover from the decline and create a positive increase in accrued capital. The most suitable pension funds in this case would be the Luminor Sustainable Future Index, where up to 100 % of assets are invested in index funds with high sustainability (ESG) standards, or the Luminor pensija 3 plius, where up to 100 % of assets are invested in equity funds.
  • If the period till retirement age is shorter than 15 years 0 it is worth considering changing the investment strategy to less risky - choose funds with a lower share of investments in equity funds. For example, create a savings by choosing the Luminor pensija 2 plius where assets in equities can reach 50 % or Luminor pensija 1 plius with investments to bonds only. It is important to remember that with the less risk, the growth is slower, but it is safer in the short term.

All important factors (such as risk tolerance, investment period, investment goals and more) must be considered very carefully when deciding on the most appropriate investment strategy.
Recommended investment strategies for Luminor pension funds depending on the investing period.

Is it possible to withdraw funds from the 3rd pillar pension funds before reaching retirement age?

Yes, it is possible, but it is very important to familiarize yourself with the pricelist of pension funds and other taxation conditions. Funds withdrawn from the 3rd pillar pension funds will not be subject to income tax if all below conditions are met:

  • The participant has reached the minimum retirement age* (5 years lower than the old‑age pension age),
  • The validity period of the pension fund contract is not less than 5 years from the first payment.

More information is in Article 17 of GPMI.
*Also, when the contract was concluded before 2012 12 31 and the person has reached the age of 55, or when the customer has 0‑25 % or 30‑40 % disability.

Start saving for your best years

Important! Accumulation in pension funds is subject to investment risk, which means that the value of the investment may rise and fall, may recover less money than you have invested. If foreign currency is invested in financial instruments, exchange rate changes may affect the return on investment. Luminor investment management company does not guarantee a return on investment, pension fund profitability, or annuity payments. Past performance of pension funds does not guarantee future results. Before making a decision on accumulating an additional pension in Luminor pension funds, familiarize yourself with the pension fund rules, deductions, investment strategy, and risk factors. Pension funds are managed by UAB “Luminor investicijų valdymas”, registration code 226299280.