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100 results for "Pension"
Mortgage Repayments with Private Pension Savings Made Permanent
Last week, Alþingi (the Icelandic Parliament) passed new legislation that permanently allows private pension savings to be used for mortgage repayments. Under the new rules, individuals may use their private pension savings to make payments on a mortga...
/en/news-and-announcements/allar-frettir/mortgage-repayments-with-private-pension-savings-made-permanent/
New Pension Applications Launched
The new pension applications are based on LSR’s new application system on My Pages, and the first applications in the syste...
/en/news-and-announcements/allar-frettir/new-pension-applications-launched/
2025 Salary Statements for Pensioners and Retirees Issued
Therefore, the payment statements are for all payments in 2025 from LSR's Division A, Division B and Private Pension, as well as ESÚÍ (Pension Fund for Employees of Útvegsbanki Íslands) and the LA and LR funds. The information from these salary ...
/en/news-and-announcements/allar-frettir/2025-salary-statements-for-pensioners-and-retirees-issued/
LSR Simplifies Private Pension Savings Investment Plans
The change is made in the best interest of members, aiming to simplify the private pension service, enhance transparency, minimize administrative costs, and thereby maximize returns directly for members.
/en/news-and-announcements/allar-frettir/lsr-simplifies-private-pension-savings-investment-plans/
The Icelandic pension system receives top marks
The study is conducted annually by the consulting firm Mercer and the CFA Institute. This is the fifth consecutive year that Iceland’s pension system has been included in the analysis, and every year it has ranked either...
/en/news-and-announcements/allar-frettir/the-icelandic-pension-system-receives-top-marks/
Choose your private pension fund wisely
At LSR, it’s straightforward: Members saving in a private pension or specified private pension with LSR pay no setup fees, no sales commissions, no management fees, and no withdrawal charges. This means your entire contribution goes directly into your ...
/en/news-and-announcements/allar-frettir/choose-your-private-pension-fund-wisely/
More Powerful Pension Calculator
The LSR pension calculator is constantly evolving, and now two powerful new features have been added to help fund members visualize how their pension entitlements may develop. Half-Pension: Fund members can choose to take half pension p...
/en/news-and-announcements/allar-frettir/more-powerful-pension-calculator/
Changes to Private Pension Withdrawal Rules
Regular monthly payments will continue to be processed on the 1st of each month. Applications for withdrawals must be submitted to the fund at least five working days before the requested payment date. As before, only one withdrawal per month wi...
/en/news-and-announcements/allar-frettir/changes-to-private-pension-withdrawal-rules/
2024 Salary Statements for Pensioners and Retirees Issued
The information from these salary statements is pre-filled on tax returns and can be found on the Tax Authority's service portal. After logging into the service port...
/en/news-and-announcements/allar-frettir/2024-salary-statements-for-pensioners-and-retirees-issued/
Private Pension Payments Still Allowed Toward Mortgage Principal
The allowable amounts remain unchanged: individuals can allocate up to 500,000 ISK from their private pension savings tax-free per year toward mortgage principal. Married couples and jointly taxed individuals can allocate a total of 750,000 ISK.
/en/news-and-announcements/allar-frettir/private-pension-payments-still-allowed-toward-mortgage-principal/