Finances at retirement
We can make retirement less stressful by providing the expertise you need to manage your money. Let us help you secure the future you deserve.
We can make retirement less stressful by providing the expertise you need to manage your money. Let us help you secure the future you deserve.
Browse the web for more information or book an appointment with one of our advisors.
You can withdraw money from your private pension account [is:séreignarsparnaður] when you reach 60 years of age, but there are several things you should consider:
You might be eligible for monthly social insurance payments in addition to your pension withdrawals once you have retired. However, your entitlement depends on how long you have lived in Iceland.
The higher your total income, the higher taxes you pay. Your retirement income might be a combination of pension payments, private pension withdrawals and social insurance payments. Make sure you are aware of how much tax you will need to pay and if stretching your private pension withdrawals over a longer period would be better.
How should you invest your money after the age of sixty?
Different periods mean different risks. Your investment choices will probably change as your circumstances change, before and after retirement.
You can leave the difficult decisions to our experts.