Pension saving is an important part of financial security, but some people may need to temporarily suspend or discontinue saving due to personal financial circumstances. From 2026, Lithuanians have clear options for managing their pension savings.
How do I stop saving for my pension from 2026?
Savings can be suspended or stopped completely upon request to your pension company. This can be done online, in person or by e-signature. Upon request, the accumulation is stopped and the accumulated personal contributions and investment returns are transferred to a bank account.
What happens to the accumulated funds?
Accumulated personal contributions and investment returns are returned to your bank account. State contributions that have been paid into the fund are returned to Sodra, contributing to future state pension contributions. This is important to know because if you stop saving, the money you have previously accumulated will no longer return to the fund.
When can I withdraw from accumulation?
Time limit: from from the beginning of 2026 to the end of 2027 . Withdrawal is only possible during this period, so it is important to apply on time. If you stop saving, you can start saving again at a later date, but you will not get back the money you had saved.
Conclusion:
When ending or suspending pension saving, it is essential to take a good look at the financial situation and the possible consequences. This may be useful if you need immediate funds, but may reduce the size of your pension in the long term.
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