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Personal Pension Savings To Fund Your Dreams

Personal pension savings is a great way to finance future dreams. Do you want to acquire a property earlier, stop working earlier or simply have good savings? Find out more about the most efficient form of savings available in Iceland.

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Don't miss out on a bonus!

When you save 2 to 4% of your gross salary in personal pension savings, your employer adds 2%. It's a bonus that makes a difference!  With a specified personal pension you can have more flexibility to draw on your pension earlier. 

Tax advantage

2% employers contribution

Applicable for downpayment on first apartment

Most advantageous savings option today

Choose How to Invest Your Savings

The fund offers three investment options in private savings. They are Ævileið I, Ævileið II and Ævileið III. You can also choose Ævilína, which includes automatic transfer between investment portfolios with increasing age. 


The investment option Verðbréfaleið was open to new fund members until July 1, 2017. It follows the same investment strategy as the mutual fund division.

Fund member that have pension savings in Verðbréfaleið are permitted to transfer their assets to Ævileið I, II or III, but are not permitted to transfer assets from Ævileið to Verðbréfaleið.

Find out more

Calculate Your Savings

Do you want to know what your balance will be in private savings when you retire? The calculation is based on the input you provide and is for reference only. 

Please keep in mind that we only assume 3,5% return on investment. 

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All About Retirement in Iceland

In Iceland retirement pensions are made up of social insurance payments, payments from pension funds, supplemental pension savings and other savings.

Payments from pension funds reduce the amount received from the social insurance fund, so it is important that pension applicants consult with the Social Insurance Administration about their rights.

Find out more on Island.is