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Friday, 13.12.2019, 16:36
Citing the government's plan to make mandatory accumulation of pension savings into a pension fund optional in Estonia, LHV has decided to discontinue the business of LHV Pensionifond Eesti and to merge the fund that invests its assets in Estonia with LHV Pensionifond L, informed LETA/ BNS.
Keyword tags: Banks, Estonia, Financial Services, Pensioners
Partially as a result of the extraordinary pension hike effective from April 1 next year, an estimated 184,000 pensioners, making up 55 percent of all pensioners in Estonia, will be liable to income tax in 2020, informed LETA/BNS.
A delegation of the International Monetary Fund, which is presently on a two-week visit to Estonia, has advised against making contributions to the second pillar pension fund voluntary, the position is also supported by the Bank of Estonia, writes LETA/BNS.
A pension survey by Luminor shows that close to one third of Estonian plan to start investing their pension savings on their own either by placing them into an investment account, in real estate, or elsewhere.
The largest monthly pensions in Latvia are in the range between EUR 9,000 and EUR 19,400, Welfare Minister Ramona Petravica (KPV LV) told members of the Saeima Budget and Finance (Taxation) Committee, informed LETA.
Latvia's Chief Ombudsman Juris Jansons on Thursday sent the fifth pre-trial warning on reducing poverty to Saeima, this time it refers to the minimum pension for disabled people, Ruta Silina, the spokeswoman for the Ombudsman's Office, said LETA.
The annual yield of the active pension plans ranged from 0.18% to 9.15, the annual yield of four balanced pension plans was in the range from 2.08% to 6.46 and, the yield of conservative pension plans ranged from 2.98% to 6.87%, informed LETA.