Benefits of
Next Generation Pension
How it works
- You make regular contributions at your own pace
- We invest your savings based on your age:
- We offer higher risk investments for young people
- As you get closer to retirement, we shift to lower risk - Compound interest rate helps your savings grow faster
How much will it cost
- You pay one fair, decreasing management fee.
- The more you save, the lower your management fee.
- There are no extra fees for adjustments.
Just a few steps to subscribe
- Calculate how much you need for a sufficient pension
- Choose the monthly contribution that fits your pension goal
- Sign agreement on internet bank in a few clicks
Early start means smaller contributions
For ilustrative purposes only. As with all investing, your money is at risk. The value of your savings can go down as well as up. You could get back less than you put in or lose it all. Forecasts are not reliable indicators of future results. A management fee is applied. Contributions increase by 3% annually from the given age, with an average annual investment return of 6%, and accumulation continues until the age of 65.
How Next Generation Pension differs from SEB III pillar pension funds?
Next Generation Pension
Age 18+
SEB Index. Climate Future
Age 18–49
SEB Pensija 18+
Age 18–49
SEB Pensija 50+
Age 50-57
SEB Pensija 58+
Age 58+
*Other fees charged by companies: actual fund costs per year - 0.2%, depository fee ≤0.1%.
What our clients say
Simple and Clear
"Everything is transparent and easy to understand. I found the user experience very easy, making the whole process simple and convenient. I particularly like the updates to the online bank, which have made the signing process simpler and more understandable."
Quick and Easy Process
"The solution is really great. I signed the contract quickly without any hitches. Everything was explained clearly, good visualizations made it even easier to understand. The entire journey was simple and fast, and I felt confident in my decisions."
Eye-Opening Realization
"This experience opened my eyes on how much I actually need to save for my future. The process is easy to navigate and made me realize the importance of early saving. Thank you."
Average CES Score
4.8/5
The reviews suggest that customers found the process to be simple, transparent, and user-friendly, with minimal effort required to understand and act upon their pension needs.
Questions and answers
Every day, there are a million little decisions you must make. With some, you trust the experts to take the lead. You trust the engineer to build you a house, mechanic to fix your car and hairdresser to cut your hair. We’re here to lighten the load with saving for your pension.
Securing your future doesn’t have to be complicated. With Next Generation pension, we’ll do it all for you.
- Watch your savings grow without the stress of making investment decisions yourself. No need to be a financial expert – with lifecycle investing, we’ll switch from riskier investments to lower risk ones as you age.
- Your only task is to set a comfortable amount to automatically contribute each month. Even small amounts can significantly accumulate over time.
- Trust our experts to invest and manage your contributions keeping your best interest in mind. We’ll regularly update you on your pension income progress on the internet bank.
Next Generation Pension is your personal autopilot working for your future 24/7. We’ll handle all the complexities, so you can just sit back and relax.
Keep in mind that you will be the one bearing the investment risk. The value of your savings can go down as well as up. We cannot guarantee the preservation of your contributions.
Investing is complicated. We’re here to take the load off your shoulders. It’s our job to build an investment portfolio for you. We do that based on your age and will adjust it as you age. The idea is to optimize investment risk. When you’re still young, we will take advantage of higher risk investments. As you get closer to retirement, we will lower risk. This way your savings will have time to grow and be better secured from losing their value when you get older.
Keep in mind that investing involves risk. Past performance does not guarantee future performance.
Want to select investment risk on your own? Check out our III pillar pension funds
No, you won’t have and you won't be able to choose where to invest. That’s what we’ll be doing.
Decide how much to save, and we’ll do all the rest. Our investment team have selected a range of well-diversified financial instruments and created a lifecycle investment strategy. This means your investment portfolio will change automatically as you get older. You won’t need to make any investment decisions or worry about swapping out your investments.
Want to select investment risk on your own? Check out our III pillar pension funds.
Saving with Next Generation Pension is very, very flexible. We’ll do all the heavy lifting with investment decisions, but you’ll have full control over everything else. You can edit your monthly contribution size, contribution date and method. You can top up your savings. If you need, you can pause or cancel your contributions. You decide when to withdraw your savings and who will receive your savings when you’re no longer here. You can do all this in just a few steps – and whenever you decide – on our internet bank, free of charge.
Keep in mind that if you pause or cancel your contributions, we will not stop investing your savings. This means we will also deduct the monthly management fee.
We will deduct a fair and transparent management fee once per month. This will help us manage and invest your savings for a future-proof retirement. The initial management fee rate is 0.7% per year and it will gradually decrease as your savings increase. Your returns will (hopefully) grow, but your fee rate won’t. Quite the opposite – the more you save, the lower your fee rate will be. We will deduct the management fee automatically from your savings, so you won't have to make any payments on your own.
You can withdraw your Next Generation Pension savings whenever you need. These are your pension savings, so make sure whether withdrawing before retirement is the right choice for you. You can withdraw all your savings and terminate your agreement, or you can withdraw just a part of it and continue saving. If you want to withdraw just a part of your savings, you will need to retain at least €100 to keep your agreement going. Keep in mind that you will benefit most if you save regularly until the official retirement age.
If you withdraw your savings earlier, the state might tax the payout.
Don’t worry – your savings will be in safe hands. Your heirs will inherit your savings and additional sum insured of 1 EUR (sum insured cannot be changed). If you want someone else to receive your savings, you can set one or multiple people as beneficiaries. In total, you can have up to 10 beneficiaries. It’s for you to decide what proportion of your savings each beneficiary gets. You can change your beneficiaries and edit their share of your savings any time on the internet bank.
Data from the finance company MSCI shows that in the long term, the return rate of savings exceeds the inflation rate. In the example below, you can see the historic performance of the MSCI ACWI index that tracks nearly 3000 stocks in 47 developed and emerging market countries. To beat inflation, it’s important to stick to long-term saving. That’s how you’ll ride out short-term market downturns and inflation rates that accompany it.
100% equity portfolio
Adjusted to inflation
For illustrative purposes only. As with all investing, your money is at risk. The value of your savings can go down as well as up. You could get back less than you put in or lose it all. Past performance does not guarantee future performance. We provide historical returns, expected returns and probability projections only for informational and illustrative purposes. These may not reflect actual future performance.
With Next Generation Pension, we follow the United Nations principles for responsible investing. This type of investing prioritizes optimal environmental, social and governance (ESG) factors or outcomes. These instruments do not invest in controversial areas, such as fossil fuels.
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Useful links
The service provider and distributor is SEB Life and Pension Baltic SE, code 40003012938, acting through its Lithuanian branch, code 305351885. All mentions of SEB on this page refer to our life insurance company.
The information on this website is about our unit-linked life insurance service. We do not provide personal recommendations or instructions to invest when offering and selling this insurance. We do not provide financial advice.
We rely on information from various sources we believe to be reliable, including clients and third parties. We cannot guarantee the accuracy and completeness of this information. You should not view this as an offer to buy or sell any security.
The tax treatment of your investment will depend on your individual circumstances and may change in the future.
Next Generation Pension involves investment risk. The value of your savings can go down as well as up. You could get back less than you put in or lose it all. Past performance does not guarantee future performance. We provide historical returns, expected returns and probability projections only for informational and illustrative purposes. These may not reflect actual future performance. The calculation is a forecast based on theoretical assumptions and does not give the right to complain.
You will bear all investment risk. Before you start saving with Next Generation Pension, familiarise yourself with the product's detailed information and investment strategy. Assess either by yourself or with the help of our consultants whether inflation, exchange rate fluctuations, changes in the market interest rate or any other events which do not depend on our intentions and actions may cause your savings to decrease. For more information about such financial instruments, benefit and risk factors, you can contact us at +37052682800 or by visiting any SEB branch.
Any disputes between us are settled by negotiations. If no agreement is reached these are being looked at in out-of-court dispute resolution entities with the procedure established by the legislation at the Bank of Lithuania (Gedimino pr. 6, Vilnius, more information at www.lb.lt) or in the courts of the Republic of Lithuania.
