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Private pension for property purchases

For some time, it has been possible to allocate Private Pension savings tax-free toward a housing loan, up to a specified limit, but this authorization expired at the end of 2025. According to news reports, there are plans to make this option permanent in...

/en/private-pension/private-pension-for-property-purchases/

Private pension

When paying premiums to LSR’s Private Pension, the period for which the payment is being made must always be stated on the declaration report. The due date for premiums is the 10th day of the following month, and premiums must be paid no later tha...

/en/employers/private-pension/

Use of private pensions

Borrowers are advised to use private pension savings for their first property purchase. You can apply for this on the website leidretting.is and you can fin...

/en/loans/further-information/use-of-private-pensions/

Division of pension payments

You can apply for the division of pension payments between spouses at any time, even after pension payments have begun. The parties can also unilaterally cancel an agreement on payment sharing by notifying the respective pension funds.Upon the d...

/en/pensions/division-a/division-between-spouses/division-of-pension-payments/

Division of pension rights

The division must be mutual, meaning that each partner in a cohabitation must grant the other the same proportion of their rights. You can transfer up to 50% of your rights to your spouse and receive the same percentage of your spouse's rights. ...

/en/pensions/division-a/division-between-spouses/division-of-pension-rights/

Private Pension – Deposit Plan

Deposit Plan is one of LSR’s two private pension plans. The plan’s capital is fully invested in indexed deposit accounts, which minimises fluctuations in returns and is best suited to those who want to keep their balance stable during their last workin...

/en/investments/overview/private-pension-deposit-plan/

Pension calculator

/en/private-pension/pension-calculator/

Division A - Child Pension

The condition is that the fund member met one of the following conditions: Paid into the fund for at least 24 of the last 36 months before death Paid into the fund for at least 6 of the last 12 months before death Receive...

/en/pensions/division-a/pension-payments/child-pension/

Division A - Spouse Pension

The amount of the spouse pension is a percentage of the accrued rights of the fund members at the age of 65. The benefit of postponing retirement pension payments beyond age 65 is not included in the spouse’s pension calculation. A spouse may also...

/en/pensions/division-a/pension-payments/spouse-pension/

Division A - Disability Pension

In order to be entitled to the payment of a disability pension, the fund's company physician must assess disability as at least 40% and it must have been sustained for six months or longer.  Children of fund members who receive a disability...

/en/pensions/division-a/pension-payments/disability-pension/