Welcome to LSR

Payments to LSR provide you with a variety of rights

• Lifelong retirement pension
• Disability pension if you lose your ability to work
• Spouse’s and children’s pensions in the event of your death

Mortgage loans from LSR

• Fixed interest rates for the entire loan term
• Long-term financing
• Good and personal service

LSR Private Pension is a good option

• A 2% employer contribution, which is a direct salary increase for you
• Two simple and transparent Plans
• No entry fees, commissions, or payout costs
• Strong asset management and low operating costs
• Apply for Private Pension on My Pages

Specified Private Pension can increase flexibility

• You can direct 3.5% of your pension contribution into Specified Private Pension
• Provides flexibility to increase pension payments when it suits you
• No entry fees, commissions, or payout costs
• Please note: Contributions to Specified Private Pension reduce rights in the mutual insurance fund – it is not suitable for everyone
• Further information on Specified Private Pension

Pension fund contributions amount to 15.5% of salary: 4% paid by you and 11.5% paid by your employer. The contribution is paid into the mutual insurance fund, which provides entitlement to pension payments.

These payments are:

• Retirement pension: Paid monthly for life. The amount of the pension depends on how much is paid into the fund over your lifetime and when pension payments begin. The general retirement age is 67, but retirement pension payments may begin anytime between the ages of 60 and 80.
• Disability pension: Paid monthly if you lose earning capacity due to illness or accident. Disability pension is paid until you regain work capacity or begin drawing retirement pension.
• Spouse’s pension: Paid to a surviving spouse if you pass away. Paid monthly in accordance with the fund’s rules.
• Children’s pension: Paid monthly in accordance with the fund’s rules to support children up to the age of 22 if you pass away or receive disability pension payments.

As a fund member, you can apply for indexed mortgage loans from LSR with fixed interest rates for the entire loan term. At lsr.is you can find information about interest terms, a loan calculator, and apply for a loan through My Pages.

If you apply for Private Pension savings with LSR, your employer will pay you 2% higher salary contributions. LSR Private Pension offers two clear investment Plans and keeps operating costs to a minimum. With LSR, you pay no entry fees, commissions, or payout costs. Everyone should take advantage of the benefits of Private Pension savings – the application only takes a few minutes.

You can choose to direct up to 3.5% of the 15.5% pension contribution into Specified Private Pension while reducing the contribution to the mutual insurance fund accordingly. Specified Private Pension can be a good option for those who want greater flexibility in pension payments.

However, it is important to keep in mind that by contributing to Specified Private Pension, you reduce your contributions to the mutual insurance fund, which is not suitable for everyone. We recommend seeking advice from LSR staff before starting to accumulate Specified Private Pension savings.