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3rd Pillar Pension and/or Unit-Linked Contracts: What’s New In Lithuania?

Kęstutis Statkevičius

< 1 Min Read

As we approach 2025, significant updates are on the horizon for 3rd pillar pension and unit-linked contracts in Lithuania.

In the ever-evolving landscape of financial planning, staying informed about legislative changes is crucial. As we approach 2025, significant updates are on the horizon for 3rd pillar pension and unit-linked contracts in Lithuania.

Upcoming legislative changes to be aware of:

3rd pillar pension and/or unit-linked contracts: This voluntary scheme of savings may be sponsored by the employer, employee, or both. A personal income tax refund applies to the sum transferred to the 3rd pillar pension.

From 1 January 2025, changes to the law on Personal Income Tax will be implemented:

  • Until 31 December 2024, for concluded investment life insurance contracts, the personal income tax (GPM) benefit will be applied for the next 10 years.
  • From 1 January 2025, concluded accumulation contracts will no longer be able to benefit from the personal income tax (GPM) exemption.

Understanding these changes is crucial for informed decisions. Our team can help you navigate the latest legislation.

Kęstutis Statkevičius 

Competence Center Manager
Health& Benefits Department

T  +37061479928

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