Estonia's Ministry of Finance highlighted the option for savers to increase their Pillar II pension contributions, pointing to early take-up and presenting it as a value-adding investment choice for private investors. The initiative was recognised as the “investment act of the year” at the Investor Toomas conference. The option to raise Pillar II payments from gross salary became available in 2025. In 2026, around 100,000 people have already opted for a higher contribution rate, with most choosing 6%, meaning roughly one in five Pillar II investors are using the higher-payment option. Applications can be submitted at any time, but the higher contribution rate will start to apply from 2027.
Ministry of Finance (Estonia) 2026-01-27
Estonia's Ministry of Finance highlights strong take-up of higher Pillar II pension contributions with changes applying from 2027
Estonia's Ministry of Finance announced that savers can increase their Pillar II pension contributions, with around 100,000 opting for a higher rate since 2025, primarily at 6%. Applications are open anytime, with the new rate effective from 2027.