A Private Pension is a smart choice

You can contribute up to 9.5% of your salary to a Private Pension with Gildi: 6% to Private Pension and 3.5% to Specified personal savings.

Learn more and start saving today.

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Private Pension

A Private Pension is a tax-efficient way to save. Your employer contributes up to an additional 2% of your salary – effectively an extra salary payment invested directly into your pension. Your own contributions are paid before tax, and you decide how your pension is invested.

Private PensionApply Now

Specified personal savings

Up to 3.5% of your pension contribution can be allocated to Specified personal savings. They are held in your name, are inheritable, and offer a choice of investment options. In return, you build up fewer pension rights in the collective pension scheme.

Specified personal savingsApply Now

You decide how your Private Pension is invested

You choose the investment option that best suits your needs. You decide how much of your Private Pension is invested in equities and bonds, depending on the level of return potential you are seeking. If you prefer a more conservative approach, you can choose an option with a lower allocation to equities or invest entirely in Eign – Indexed. You can also choose Eign – Foreign, where the entire portfolio is invested in foreign-currency assets.

We encourage you to explore Gildi’s range of investment options and contact us for personal guidance if you have any questions.

Eign – 70/30. Higher returns – greater fluctuations. An investment option with 70% invested in equities and 30% in bonds.Eign – 50/50. Good returns – lower fluctuations. An investment option with 50% invested in equities and 50% in bonds.Eign – 20/80. Moderate returns – low fluctuations. An investment option with 20% invested in equities and 80% in bonds.Eign – Verðtryggð. Stable returns – designed for the short term. An investment option with all assets invested in inflation-linked deposits.Eign – Erlend. Higher returns – greater fluctuations. Invested entirely in foreign currencies, with 60% in equities and 40% in bonds.
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Let us take care of it for you

Take a look at Eign – Aldurstengd, an automatic solution designed to keep your savings invested in the option best suited to your age.

Your investments are automatically adjusted as you get older, helping to ensure your Eign remains invested most appropriately. Simple and convenient.

Eign – Aldurstengd
Karim Birumasu, 42, a university student, on a street of colourful corrugated-iron houses. The image reads: “A Private Pension is a great way to save for a home.”

You can use what you have saved tax-free to make a payment towards your first home, or if you haven't owned a home in the last 5 years. Once you have bought a home, you can then use payments into your private pension savings (séreignarsparnaður) to pay down your mortgage tax-free. This way you own your home sooner and your payment burden decreases over time.

See more here

See how much your savings could grow

With Gildi’s pension calculator, you can estimate how your Private Pension or Specified personal savings could grow and support your future finances.

Try the calculator: