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Private Pension

Private pension savings are a very good option for increased pension savings and something that everyone should take advantage of. Those who contribute 2-4% of their wages are entitled to a 2% contribution from their employer, according to most collective wage agreements.

The advantages of private pension savings

The matching contribution from the employer, together with a deferral of tax on deposit, means that no other form of savings plans can compare with private pensions. The advantages include:

• Tax benefits – the private pension payment is not taxed on deposit

• A contribution from the employer

• No capitals gains tax or net worth tax

• It does not curtail either child benefits or interest benefits

• The savings are inheritable

• It’s an easy form of saving – the employer is responsible for the regular payment of the savings

• An agreement can be reached on the division of entitlements between fund members and spouses

• Withdrawals can begin at the age of 60

• More disposable funds during retirement

 

 

 

Gildi merki

Guðrúnartún 1, 105 Reykjavík
Hafnarstræti 9, 400 Ísafjörður

Opening hours

Mondays – Thursdays 09:00 – 16:00

Fridays 09:00 – 15:00

Phone hours for department of
pensions, loans and premiums

Mondays – Fridays 09:00 – 15:00

Phone
515 4700

Email
gildi@gildi.is

Social Security Number
561195 2779

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