Pensions

At LSR you get extensive pension rights for you and your family.

More about LSR Pension

Private Pension

Get an add-on from your employer and increase your financial flexibility.

More about LSR Private Pension

Loans

LSR offers fund members diverse and flexible property loans.

More about LSR Loans

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LSR Private Pension Savings

Get a pay raise through private pension savings

When you contribute to private pension savings, your employer adds 2% on top of your salary and pays it into your private pensions account. That’s a direct pay raise for you! That’s why everyone should take advantage of private pension savings. Choose wisely – at LSR, you pay no joining fees, management fees, or withdrawal costs.

Apply for Private Pension Further information

pay raise thanks to employer matching contribution

joining fees, management fees, or withdrawal costs

Life Events

We support you at important junctures

As a LSR fund member, you gain the right to a pension for the rest of your life. In addition, the pension premium entitles you to a disability pension and your family may be entitled to a spouse's and child's pension. At LSR, you can also save into a private pension fund, which is one of the best savings available, and take out a loan to buy property.

See all life events

Upon the start of employment

What should you keep in mind when you start contributing to LSR?

Young couple looking at a computer at home.

Property purchase

If you are buying a property or refinancing, LSR fund member loans might be a good fit for you.

Elderly lady interacts with a young child in a garden.

Upon retirement

Here are the main things to consider when preparing for your retirement.

If your work capacity is reduced

Entitlement to a disability pension can prove invaluable if your work capacity is reduced.

Upon death

Upon death of an LSR fund member, surviving family members may be entitled to pension payments.

News and announcements

Newly Renovated Reception Area Opens at LSR

9. November 2026

LSR has opened its newly renovated reception area for fund members and other visitors at Engjateigur 11. The facilities have been significantly improved, offering visitors greater privacy when speaking with service representatives in private meeting rooms.

Iceland’s Pension System Among the Best in the World

23. October 2026

Iceland’s pension system ranks third in an international assessment of pension systems covering 55 countries worldwide. This is the sixth consecutive year that Iceland has received the highest grade in the assessment.

LSR recognised for gender equality for the seventh time

19. October 2026

LSR has received the Jafnvægisvogin gender balance recognition for 2026, marking the seventh time the fund has earned this distinction.

A photo overlooking Reykjavik capital area

Private Pension Savings Can Once Again Be Used to Repay Mortgages

16. October 2026

Applications are once again open for using Private Pension savings to repay mortgages. The deadline to apply for payments covering the whole of 2026 is 1 December.

News and announcements overview

LSR Key figures

Net assets for pension payment

1,664

ISK billion at year-end

Paid pension

117.6

ISK billions

Average number of active fund members

32,196

in 2025

Average number of pensioners

27,044

in 2025