Search

Private pension for property purchases

Disposition of tax-free private pension savings due to property purchase is divided into three parts: Private pension used to pay into a loan – valid until 31.12.2025 Housing savings – valid until 31.12.2025. Support for ...

/en/private-pension/private-pension-for-property-purchases/

Private Pension - Plan II

Plan II is one of LSR’s three private pension plans. The weight of bonds is higher than the weight of equities, which means that fluctuations in returns are smaller than in Plan I. Thus, Plan II is suitable for those who want to take less risk in the l...

/en/investments/overview/private-pension-plan-ii/

Specified Private Pension

LSR started offering specified private pension in mid-2023, so the department is in a developmental phase. According to the Investment Policy, it is estimated that the proportion of bonds will be 50%, equities 47% and deposits 3%.

/en/investments/overview/specified-private-pension/

Private Pension - Plan III

Plan III is one of LSR’s three private pension plans. The plan’s capital is fully invested in indexed deposit accounts, which minimises fluctuations in returns and is best suited to those who want to keep their balance stable during their last working ...

/en/investments/overview/private-pension-plan-iii/

Private pension and specified private pension

When you pay into a private pension, your employer adds 2% to your salary and pays it into the private pension savings. That's a direct pay raise for you! That's why everyone should take advantage of private pension savings.

/en/private-pension/overview/

Use of private pensions

Borrowers are advised to use private pension savings for their first property purchase. You can apply for this on the website leidretting.is and you can fin...

/en/loans/loan-services/use-of-private-pensions/

Division A - Disability Pension

In order to be entitled to the payment of a disability pension, the fund's company physician must assess disability as at least 40% for three months or longer. Children of fund members who receive a disability pension may be entitled to a c...

/en/pensions/division-a/pension-payments/disability-pension/

Division A - Residency abroad

The fund sends a reminder to pensioners in the first quarter, so it is important that LSR has their email address on file so that the reminder can be delivered. You can enter an email address on LSR’s My Pages.The annual reminder states when the...

/en/pensions/division-a/pension-payments/residence-abroad/

Pension payments

/en/pensions/division-a/pension-payments/

Division A - Accrual of rights

In LSR's Division A, you pay a monthly premium of 4% of your salary, and in addition the employer pays a premium which is normally 11.5%. In this way, the right to a pension is created, which is paid for the rest of your life, and the right to a disabi...

/en/pensions/division-a/pension-rights/