Life Plan

Life Plan is a long-term pension plan with decreasing fluctuations and risk towards the end of the savings period.

Main benefits

  • Interest rises according to age, and risk decreases with time

  • Contributions and balance automatically transferred between investment options according to age

  • No transfer fees

  • Experts monitor market opportunities

  • Tax efficient

Why choose Life Plan?

We manage your money for you and transfer the balance between investment options Prime A, B, C and D, according to your age. The balance is transferred in steps over a four-year period and new contributions are allocated to the new investment option each time.

Investment options

In Life Plan, the credit is transferred between investment options D to A according to age.

Asset category

Prime E

(for people between the age of 16-40)

Prime D

(for people between the age of 41-50)

Prime C

(for people between the age of 51-60)

Prime B

(for people between the age of 61-64)

Prime A

(for people between the age of 65 and older)

Deposits in banks and savings banks






Government bonds and government-guaranteed bonds






Bonds of municipalities












Other securities






More info

More info

More info

More info

More info

The investment policy, information sheet for each management route and rules on Life Plan can be accessed under each investment route.

Percentages show investment authorizations for investment options according to investment policy. Other securities are mortgage-backed bonds, bonds and bills of exchange of banks, savings banks and other credit institutions, corporate bonds and unit certificates of mutual investment funds.


General disclaimer regarding Private Pension Plans

Investments in financial instruments always entail financial risks, such as the risk of little or no return or total loss of capital. Past performance is neither an indication nor a guarantee of future returns. Risk increases if the investment is financed by credit and returns can increase or decrease due to exchange rate volatility if assets are in foreign currency. Taxation of Private Pension is assessed on an individual basis in accordance with current legislation and is subject to change.

Future wealth is a Private Pension Fund in accordance with Act No. 129/1997 on Mandatory Pension Insurance and on the Activities of Pension Funds. Íslandsbanki is the custodian of Future wealth. Investors are advised to familiarise themselves with the rules of Future wealth and the different strategies of each investment plan.

Information on this site is intended for information purposes only and should not be considered as an offer or advice on the purchase, sale or other allocation of certain financial instruments. Íslandsbanki is not responsible for investment decisions made based on information on this site. The source of this information is considered reliable, but the accuracy or validity of the information cannot be guaranteed. The bank reserves the right to make changes to this information at any given time.

Exchange rate developments and returns

The annual administration fee is included in the daily calculation of each investment plan’s exchange rate. Return for 12-month periods or longer is calculated on an annual basis. Shorter periods are not calculated on an annual basis but show price change instead. Return is based on the latest price listed and portrayed in the base currency of each investment plan.