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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...

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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...

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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.

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Exciting Position in LSR's Pension Department

Key Responsibilities: Providing fund members and pensioners with personal and professional service, both by phone, email, and in person at the reception. Advising on pension entitlements and private pension savings with LSR. ...

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LSR newsletter and statements sent to members

LSR sends statements to members every six months, detailing, among other things, contributions made by members and employers, as well as payments to members. Members of Division A and Division B can also see their accrued pension rights and an estimate...

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Nearly ISK 100 billion increase in LSR’s assets in 2025

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Login to My Pages replaces life certificates

Until now, pensioners living abroad have had to obtain a so-called life certificate, issued or confirmed by a public authority in their country of residence, and send it to the Fund. With the implementation of new digital solutions on the Fund’s websit...

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LSR Investment Policies 2026

LSR’s investment policies set out the main principles guiding the management and return of the funds’ assets at any given time and define target asset allocations for each division. They include, among other things, a review of the divisions’ position,...

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Payslips published only on My Pages and Ísland.is

Each month, LSR pays pensions and retirement benefits to more than 26,000 members. Publishing documents via online banking is costly, and by discontinuing this method LSR will significantly reduce the cost of benefit payments. Over recent months...

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Applications updated on Mínar síður

LSR is currently working on redesigning all of the fund’s main applications, and the first two have now been launched:

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