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Investments and return

LSR’s strong and experienced asset management team is responsible for managing LSR’s Private Pension plans, which have delivered solid long-term returns over time. LSR offers two clear and straightforward investment plans and places strong emphasis on ...

/en/private-pension/private-pension/investments-and-return/

Payouts

Income tax is deducted from the payouts. It might therefore be wise to keep the tax brackets in mind and distribute payments so that there is less chance that they will fall into a higher tax bracket. The following rules apply to withdrawals:

/en/private-pension/private-pension/payouts/

Excess Payments and Prepayments

Prepayment fee from 15 June 2026 From 15 June 2026, new mortgage loans will carry a prepayment fee for the first 5 years of the loan term. The prepayment fee will never exceed 0.2% of the amount of the excess payment for each full year remaini...

/en/loans/further-information/excess-payments-and-prepayments/

Rights in other funds

Rights cannot be combined or transferred between funds. If you want to start drawing pensions from all funds at the same time, it is usually sufficient to submit a pension application to the fund you last paid into and request that it forward the appli...

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Investments - Overview

LSR is a long-term investor with the aim of guaranteeing fund members a good long-term return. At the same time, efforts are made to limit risk as much as possible with a varied and well-diversified portfolio.

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Division B

Division B of LSR manages LSR's older rights system, but the division was closed to new fund members at the end of 1996. Division B is partly a flow-through fund where employers cover part of the pension payments, in addition to the state guaranteeing ...

/en/investments/overview/division-b/

Division A - Foreign nationals

Foreign nationals who have paid premiums to LSR are entitled to a pension and disability pension in accordance with the premiums paid, as well as having the option of a spouse and child pension if the conditions are met. Such payments must be applied for ...

/en/pensions/division-a/pension-payments/foreign-nationals/

History of LSR

1855 The foundation for the pension rights of civil servants was laid by the decree of King Fredrik VII of Denmark from 31 May, 1855, to enact in Iceland...

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Published content and reports

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Roles and policies

The LSR's policy statement states that the fund must adopt responsible practices, with quality work practices, professionalism and initiative as a guiding light. The fund emphasises exemplary service and powerful information technology. In this way, LSR w...

/en/about-lsr/roles-and-policies/