Frjálsi is a good option for both mandatory- and supplementary pension savings
The fund is operated and serviced by Arion.
The fund is operated and serviced by Arion.
Frjálsi is different from most other pension funds in that fund members have the option to allocate the majority of their mandatory savings into inheritable private pension.
Frjálsi is a good option for both mandatory and supplementary savings, and is suitable for those who want their pension savings to be inheritable.
At Frjálsi, you have the option to allocate the majority of your mandatory savings into inheritable private pension.
You can receive payments from the fund as early as age 60, depending on what suits you best.
In Frjálsi, you can choose between diverse investment options that meet different needs.
You can make a mandatory savings agreement with Frjálsi Pension Fund in the Arion app. The main benefits of Frjálsi include:
Part of mandatory savings goes into inheritable private pension
Flexibility in withdrawals
Diverse investment options
Favorable housing loans
Lifetime pension
Disability, spouse, and child benefits
Frjálsi places great emphasis on providing excellent service to its members. You can monitor your pension savings anytime in the Arion app and perform all major actions.
Your success matters to us, and we want you to benefit from having your finances and insurance in the same place. That's why you get better terms if you're with both Arion and Vörður.
Everyone between the ages of 16 and 70 who is employed in Iceland is legally required to contribute to a pension fund. By paying into a pension fund, we are guaranteed lifelong retirement income, as well as pension benefits in the event of unforeseen circumstances, such as disability, spousal, or child pensions.
Depending on the profession, some workers are required to pay into a specific pension fund, while others have the freedom to choose a pension fund for their mandatory pension contributions.
Were you just starting your first job? Congratulations on that! Taking your first step into the workplace is a significant milestone with many things to consider. We've compiled some practical advice that's good to keep in mind.
Saving is important to achieve financial security and have flexibility to meet unexpected expenses. We have compiled some good advice to keep in mind when it comes to saving.