III pillar pension (tax refund) calculator
Calculate the income tax refund from a III pillar contribution based on your annual income and contribution.
III pillar contributions are deductible up to 15% of income or 6000 €, refunding 22% income tax.
Calculations are based on Estonia's tax rates in force for 2026. Results are informational.
Sources: Maksu- ja Tolliamet (EMTA)
Last updated: 2026-06-03
How does the III pillar give a tax benefit?
III pillar (voluntary funded pension) contributions can be deducted in the tax return up to 15% of annual income or 6000 € (whichever is lower). The deductible amount refunds 22% income tax. For example, a 3000 € contribution refunds up to 660 €.
How it is calculated
Formula
deductible = min(contribution; 15% of annual income; 6000 €). Income tax refund = deductible × 22%.
Rates used
Example
Annual income 24,000 €, contribution 2000 € → deductible 2000 € → refund 440 €.
Frequently asked questions
How much of a III pillar contribution is deductible?+
You can deduct up to 15% of your annual income, but no more than 6000 € per year.
How large is the tax refund?+
The refund is the deductible amount multiplied by the income tax rate (22%).