News and announcements

Changes to Private Pension Withdrawal Rules

7. March 2025

Starting April 1, withdrawals from LSR Private Pension will be processed on two fixed dates each month: the 1st and 15th of the month.

Interest Rate on Non-Indexed Loans Reduced to 8.5%

12. February 2025

The interest rate on non-indexed loans from LSR will decrease by 0.5 percentage points, from 9.0% to 8.5%, effective Wednesday, February 12, 2025. The interest rate on LSR’s non-indexed fund member loans is fixed for 36 months at a time.

2024 Salary Statements for Pensioners and Retirees Issued

20. January 2025

LSR has now completed the submission of salary statements for pensioners and retirees to the Icelandic Tax Authority (RSK). The submission includes all fund members who received retirement or pension payments in 2024 from LSR's Division A, Division B, Private Pension, as well as ESÚÍ (Pension Fund for Employees of Útvegsbanki Íslands) and the LA and LR funds.

Private Pension Payments Still Allowed Toward Mortgage Principal

10. January 2025

The option to use private pension savings tax-free toward the principal of mortgages was recently extended and is now valid until the end of 2025. If this option was used last year, there is no need to reapply for continued use.

Exciting Position in LSR's Pension Department

8. January 2025

LSR is seeking a motivated and positive individual for the position of Specialist in the Pension Department. The role involves both assisting fund members and participating in the fund's improvement projects.