Arion Bank Pension Plans make it simple to prepare for your life after retirement. You put aside a certain amount every month and your employer will also make a contribution as specified in your employment agreement.
The Bank offers a variety of options to suit the individual needs of each customer. If you require any further information about the funds please contact Arion Bank’s financial advisers on +354 444 7000 or send an e-mail to email@example.com.
You can pay into Frjalsi Pension Fund as long as the wage agreement or employment agreement you have signed does not say otherwise. If in doubt, contact your employer. Frjalsi Pension Fund is in the custody of Arion Bank.
Foreign citizens who are paid salaries in Iceland are obliged to pay mandatory pension contributions into a pension fund in accordance with Icelandic pension fund law in the same way as Icelandic citizens are.An exception to this is when a foreign citizen from the EEA area is an employee of a foreign company for a limited period and has an E-101 certificate from their home country and is therefore covered by the social security legislation of that country.