A resident of Vilnius who decided to change the third pillar fund became concerned: will I lose the benefit if I sign a new contract?

After researching the results of the III pension pillar funds, Kostas from Vilnius decided to choose another pension fund that yields a higher return. However, the man is hesitant to take this step – a man who managed to sign a contract for accumulation in the III pension pillar by the end of 2024 can benefit from the PIT relief for 10 years.

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“But if I terminate the contract with the current company and choose a new one, will it not be considered that I terminated the current contract, and the PIT relief will not apply to the newly concluded contract?” the man wondered.

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Pension fund companies and the State Tax Inspectorate provided an explanation