3rd level pension funds

In the 3rd level pension funds money is accumulated on a voluntary basis transferred by you from your own funds, your employer or other entities. Money transferred to these funds is invested and accumulated till pension.

Favourable conditions are created for voluntary accumulation of the pensions in the 3rd level pension funds in Lithuania. The state encourages this way to accumulate pension by granting the possibility to recover up to 15 per cent of the amount transferred to pension fund per year as the personal income tax (PIT) benefit.

In addition, in the case of accumulation of supplementary pension for at least 5 years and receiving payment at least 5 years before retirement age and using the income tax benefit, pension benefit is tax-free, i.e. there is no need to repay the money obtained through tax relief.

Distributed 3rd level pension funds

The pension funds distributed by Šiaulių bankas are managed by the asset management company INVL Asset Management, owned by Invalda INVL, one of the leading asset management groups in the Baltic countries. This group companies also manage investment funds, alternative investments, individual portfolios, private equity and other financial instruments.

We recommend you to select pension fund with regard to your current age, and UAB INVL Asset Management will take care of the timely change of the fund after the age change:

3rd level pension funds

The Fund


INVL III shares

  • We recommend this fund for the people assuming higher than average risk as an additional investment tool that provides the opportunity to use the tax benefit and thus effectively manage personal finances.
  • The fund's assets are invested in stocks and units of investment funds whose main investment focus is stocks.
  • If you are 16 to 46 years old, we recommend you to choose this fund which up to 100 per cent invests in stocks.
  • The main fund's investment objective is the maximum long-term return on the fund's investments.
  • The fund's assets are invested in equities and related investments.
  • The fund is recommended for those seeking to maximize the profitability and assuming high-risk.
  • If you are 47 to 52 years old, we recommend you to choose the fund which up to 50 percent. invests in equities and related investments, as well as at least half of the assets invests in government and central banks issued or guaranteed bonds, bank deposits and corporate bonds.
  • The main purpose of the fund's investment is taking a moderate risk to achieve returns higher than the average.
  • If you are 58 years and above, we recommend you to choose the fund that invests in debt securities (bonds) and investment funds whose main investment focus is bonds.
  • The fund is recommended for low investment risk people as an additional tool for providing the opportunity to take advantage of the tax exemption and thus effectively manage personal finances.

Please note that it is necessary to read rules of the chosen pension fund, to assess the risks associated with investments (PDF) and to familiarize with applicable taxes.

How to start pension accumulation in the 3rd level pension fund?

It is easy to start accumulating pension in these funds: just sign a pension contract with the pension accumulation company. After signing, the selected fund will open your pension accumulation account.

In order to sign the contract, the most convenient way is to fill the request form, and appropriate specialist will contact you.

For more information, please call 1813 (+370 37301337 when calling from abroad).

Money of the pension funds is invested in accordance with investment strategy defined in the pension fund rules.

While participating in the pension funds, you will have to pay the fees set in the chosen pension fund’s rules. 3rd level pension funds are subject to contribution and asset management fees. Also, from the pension fund assets, the depository, transaction, foreign exchange and other expenses are covered. Changing the pension fund may also be subject to exit fees.

When accumulating money in the pension funds, the investment risk is borne by the pension fund participant: pension company does not guarantee investment profitability. Pension fund’s past performance does not guarantee future results and is not a reliable indicator of future results. As the value of the pension fund can both rise and fall, you can get back less than you invested. More information about the pension fund's investment-related risks can be found here.

Within seven years or less before retirement, we suggest you to consider investing in a conservative investment pension fund.

We recommend to responsibly and carefully choose the pension fund, paying attention to the risks associated with investments, applied deductions and to carefully read the rules of the pension fund, which are an integral part of the pension contract.

You can find more information about the pension accumulation at www.pensijusistema.lt, www.sodra.lt, www.lb.lt.

All information contained herein is of a promotional nature. It cannot be interpreted as a recommendation, offer or invitation to accumulate funds in UAB INVL Asset Management-managed pension funds. The information provided herein cannot be the basis for any later concluded transaction. Šiaulių bankas AB is not responsible for your decisions taken on the basis of the information contained herein.