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MART VÕRKLAEV: Money in the Pension Pillar Grows Itself Already at the Expense of Tax Breaks
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If we want a decent income in the future that is as close as possible to our current income, we must also contribute to it. There is nothing complicated here, we must ensure that the income is official and taxes are paid, then the first pillar pension will also grow. We must also make sure that there is a second pillar and we should also start saving for the third pillar to ensure complete security for the future. Now the state has also made it …
The government's planned changes to the second-pillar pension system pose risks, as they would hinder the expansion of the capital market in Lithuania and make it more difficult for its participants to access financing, the European Commission (EC) warns.
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