Private Pension with Gildi

A Private Pension is a great way to build long-term savings that support you throughout life. You can use your savings to buy your first home, pay down your mortgage, or enjoy greater financial freedom from the age of 60.

Apply for a Private Pension

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Savings that grow from day one

You can contribute up to 4% of your gross salary to a Private Pension. Your contributions are made before tax, and your employer matches them with an additional contribution of up to 2% of your salary – effectively giving you a salary increase that goes straight into your pension.

If you contribute 4% of your salary and your employer contributes 2%, your savings increase by 50% from the very start.

Your path to home ownership

If you are buying your first home – or have not owned one in the past five years – you may be able to use your Private Pension savings for a down payment.

Once you own a home, you can continue to use your Private Pension contributions to make tax-free payments towards your mortgage. This helps you pay off your loan sooner and reduce your monthly repayments over time.

Chart showing personal savings growing to about 3 million over 5 years. Your contribution makes up the largest share, followed by your employer's contribution and investment returns.

Security for you and your loved ones

Unlike mandatory pension savings, your Private Pension is your personal property and is inheritable. It can provide valuable financial security for your loved ones if something were to happen to you.

Your Private Pension is also protected from creditors, meaning it cannot be claimed if you experience financial difficulties or bankruptcy.

Returns that work for you

Your Private Pension grows over time in line with the investment option you choose, helping your savings build for the future. Unlike most other savings, you do not pay capital gains tax on the investment returns.

How much you save depends on your salary and how much you contribute

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Choose the investment option that suits you

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.

People have different savings goals, so it is important to have a choice of investment options to suit different needs. With Eign, you can choose the investment option that best matches your goals. Higher-risk options may be suitable if you are investing for the long term, while more stable options may be a better fit if you expect to use your savings sooner, for example to buy a home. You can also choose Eign – Aldurstengd, which automatically adjusts your investment strategy as you get older, or Eign – Erlend, which invests in foreign-currency assets and is denominated in euros.

We encourage you to explore the investment options and contact us for personal guidance if you have any questions that are not answered here.