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  • Additional pension

    Additional pension with growth guarantee.

    A pension plan you can rely on.

    • Future-proof investment in euros
    • 90% guaranteed payout plus surpluses
    • State subsidised

Why more than 10% of the population secures its future with us

Your advantage

Ihre Vorteile bei uns: Pension ab 60, Altersvorsorge in Euro, Kein Abzug bei Ersparnissen
lifelong pension
  • With life expectancy historically at it´s highest, our lifelong pension is a real asset. Of course you can also choose to get your pension payed out in one payment when you retire.
investment in euros
  • The Euro ranks as one of the most important currencies in business today. Therefore it is a solid choice for your pension!
In safe hands with S-Finance Group
  • As a part of the S-Finance Group we build on the experience of one of the biggest financial services providers on the market. With a combined business volume of 3,330 billion euros, the S-Finance Group is the largest financial services provider in Europe.
Flexible investment possibilities
  • We offer all common pension plans on the icelandic market today. Wether it is "Séreignarparnaður" (Employer funded pension), "Tilgreind séreign" (investing a part of your mandatory pension in WachstumGarant or your private pension plan - we've got you covered!

That´s why an additional pension plan is essential

Private Altersvorsorge erklärt
Calculated using the calculator of the state social insurance institution based on a 27-year-old person with a monthly salary of 750,000 Icelandic krona who begins receiving their pension at 65.
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Did you know?

Iceland´s pension system can only cover up to 73% of your current income when you retire.
That’s why people in Iceland start their own additional pension at the age of 28 on average.

Make sure you retain your standard of living when you retire.

Create a combination of our three pension plan offers.

Altersvorsorgekonzept

Would you like more details?

Here´s how you can use the growth opportunities of the capital market to invest in your future pension with a safety net

Zusätzliche Altersvorsorge

Combined additional company pension plan

Maximize your pension and benefit from up to a 2% surplus. Invest an additional 1-4% of your gross salary to your pension. Your employer will then add up to 2% to your capital investment.

The first payout can begin once you reach 60 years of age. You can choose between a lump-sum settlement and/or a monthly pension for the rest of your life.

Further product details
    • Minimum contract duration of 12 years.
    • Your contributions will be invested in euros with our growth guarantee.
    • You can claim contributions against your income tax within the assessment limit.
    • The first payout can begin once you reach 60 years of age and you can choose between a lump-sum settlement and/or a monthly pension for the rest of your life.
    • Income tax is paid on payouts.
    PDF documents for downloading:
Zusatzrentensparen

Flexible employer contribution

Pension plan paid by your employer. In accordance with labour market agreements, your employer is required to pay 11.5% of your wage to your pension fund. You can opt to invest 3.5% of the contribution into a private contract. Your private assets will be paid out to your surviving dependants in the event of your death. You can choose the pension fund where you would like the contribution to be paid.

Further product details
Privates Rentensparen

Private pension as a capital investment

Secure additional growth opportunities and supplement your personal capital investment today to ensure a happy future.

The capital investment is not credited toward your basic social security. When the contract comes to an end (starting from when you reach 62), you can choose between a one-time payment and/or a lifelong monthly pension.

Further product details
    • Minimum contract duration of 12 years.
    • Your contributions will be invested in euros with our growth guarantee.
    • Pension insurance that you pay directly (after tax).
    • When the contract comes to an end (starting from when you reach 62), you can choose between a one-time payment and/or a lifelong monthly pension.
    • When the contract comes to an end, capital gains tax will be paid on the yields.
    PDF documents for downloading:
Further product details
    • Minimum contract duration of 12 years.
    • Your contributions will be invested in euros with our growth guarantee.
    • You can claim contributions against your income tax within the assessment limit.
    • The first payout can begin once you reach 60 years of age and you can choose between a lump-sum settlement and/or a monthly pension for the rest of your life.
    • Income tax is paid on payouts.
    PDF documents for downloading:
Further product details
Further product details
    • Minimum contract duration of 12 years.
    • Your contributions will be invested in euros with our growth guarantee.
    • Pension insurance that you pay directly (after tax).
    • When the contract comes to an end (starting from when you reach 62), you can choose between a one-time payment and/or a lifelong monthly pension.
    • When the contract comes to an end, capital gains tax will be paid on the yields.
    PDF documents for downloading:

Do you want to know more? - Don´t hesitate to contact us!

We are happy to take the time and draw up an offer for your first-class coverage.

Beratung Altersvorsorge

PM-Premium Makler

PM-Premium Makler GmbH
Garðatorgi 7, 210 Garðabær
Write to us or give us a call!
(Mon. - Fri. 9 am to 12 noon and 1 pm to 4 pm)
Get in touch        577 2025

PM-Premium Makler

PM-Premium Makler GmbH
Garðatorgi 7, 210 Gardobaer

Write to us or give us a call!
(Mon. - Fri. 9 am to 12 noon and 1 pm to 4 pm)

Get more information on PrivatRente WachstumGarant

Our monthly report

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At a glance

Guarantee assets | 180 KB

FAQ

Is my pension plan secure even though I’m participating in the capital market?

  • The PrivatRente WachstumGarant insurance guarantees you at least 90% of your contributions paid in at the start of your retirement. At the same time, you may also increase your capital payment as one part of the contributions will be invested in our index-oriented capital investment (IOK). Our investment specialists ensure the funds are distributed and focus on shares of high-dividend companies around the world. Your yields will be secured proportionally each month (lock-in), increasing your guaranteed capital payment when you retire.

    The PrivatRente WachstumGarant insurance guarantees you at least 90% of your contributions paid in at the start of your retirement. At the same time, you may also increase your capital payment as one part of the contributions will be invested in our index-oriented capital investment (IOK). Our investment specialists ensure the funds are distributed and focus on shares of high-dividend companies around the world. Your yields will be secured proportionally each month (lock-in), increasing your guaranteed capital payment when you retire.

“A lifelong guaranteed pension that can only go up.” What does this mean?

  • In general, you are guaranteed 90% of your paid contributions at the start of retirement. Thanks to a modern investment concept, you also benefit from the highest-dividend companies around the globe.

    If the index-oriented capital investment (IOK) performs favourably, we will set aside part of the profits for your pension each month – using automated lock-in. And if things ever don’t go so well, don't worry: You cannot lose yields that have already been secured.

    At the end of the term, once you retire, you will be able to choose between the current, performance-dependent credit and the guaranteed capital payment. Our promise: You will always have the higher credit balance available to you.

    Even if your credit has fallen when you start receiving your pension due to a slowdown on the stock market, you will always have more than what you started with: This is because you can expect no less than the guaranteed sum you have reached, i.e. 90 per cent of the contributions you have paid in, plus the surpluses and yields that we have secured for you each month.

    In general, you are guaranteed 90% of your paid contributions at the start of retirement. Thanks to a modern investment concept, you also benefit from the highest-dividend companies around the globe.

    If the index-oriented capital investment (IOK) performs favourably, we will set aside part of the profits for your pension each month – using automated lock-in. And if things ever don’t go so well, don't worry: You cannot lose yields that have already been secured.

    At the end of the term, once you retire, you will be able to choose between the current, performance-dependent credit and the guaranteed capital payment. Our promise: You will always have the higher credit balance available to you.

    Even if your credit has fallen when you start receiving your pension due to a slowdown on the stock market, you will always have more than what you started with: This is because you can expect no less than the guaranteed sum you have reached, i.e. 90 per cent of the contributions you have paid in, plus the surpluses and yields that we have secured for you each month.

Why does it make sense to invest the pension in euros?

  • Since 2006, the euro has been the world’s leading cash currency. This has made the euro one of the world’s most important and in particular most stable currencies. By investing in a stable currency, policyholders can benefit not only from the opportunity to invest capital, but from the exchange rate as well.

    Investing the capital in euros exposes the policyholder to currency risk. Should the euro’s exchange rate fall against the exchange rate of the domestic currency, this will result in the payments losing value. Should the euro’s exchange rate increase against the exchange rate of the domestic currency, this will result in the payments increasing in value.

    Since 2006, the euro has been the world’s leading cash currency. This has made the euro one of the world’s most important and in particular most stable currencies. By investing in a stable currency, policyholders can benefit not only from the opportunity to invest capital, but from the exchange rate as well.

    Investing the capital in euros exposes the policyholder to currency risk. Should the euro’s exchange rate fall against the exchange rate of the domestic currency, this will result in the payments losing value. Should the euro’s exchange rate increase against the exchange rate of the domestic currency, this will result in the payments increasing in value.

Are partial capital withdrawals or contribution exemptions possible?

  • When it comes to contracts for company pension plans and additional pension plans financed exclusively by your employer, the contract will be suspended if no contributions are received for two months. These can be reactivated within 24 months, starting from the time at which you are exempt from making contributions. Once this period has elapsed, the contract can no longer be reactivated and the contract will remain non-contributory starting from this point until the contract is terminated.

    Partial capital withdrawals are possible in all forms of WachstumGarant pension plans offered. You can find more precise information in Section 4 (7) of the general conditions.

    When it comes to contracts for company pension plans and additional pension plans financed exclusively by your employer, the contract will be suspended if no contributions are received for two months. These can be reactivated within 24 months, starting from the time at which you are exempt from making contributions. Once this period has elapsed, the contract can no longer be reactivated and the contract will remain non-contributory starting from this point until the contract is terminated.

    Partial capital withdrawals are possible in all forms of WachstumGarant pension plans offered. You can find more precise information in Section 4 (7) of the general conditions.

What happens to the paid-in contributions in the event of my death?

  • You determine who should receive which payment from the contract in the event of your death. In the event of your death during the accumulation phase, we will pay the current credit and no less than the contributions paid in up to that point. You can also determine who will receive the remaining capital in the event of death during the pension phase.

    You determine who should receive which payment from the contract in the event of your death. In the event of your death during the accumulation phase, we will pay the current credit and no less than the contributions paid in up to that point. You can also determine who will receive the remaining capital in the event of death during the pension phase.

More than 200 years of experience you can trust

Get to know the holding group Versicherungskammer

As part of the Versicherungskammer, we belong to Germany’s largest public insurance group.

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Bayern-Versicherung Lebensversicherung AG believes it is important to ensure trusted advice in insurance matters. In particular, taking into account sustainability factors in accordance with ESG criteria (environmental, social and governance) should contribute towards transparent communication.

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We offer you this insurance solution as part of the group:


Bayern-Versicherung
Lebensversicherung Aktiengesellschaft
A company of the Versicherungskammer

 

An impressive partnership!

Risikoträger Ihrer Altersvorsorge ist die Bayern-Versicherung Lebensversicherungs AG
The risk bearer for your pension plan is Bayern-Versicherung Lebensversicherung AG. Our local service provider for you is PREMIUM ehf.
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