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+354 420 2100

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festa@festa.is

Krossmói 4a, 260 Reykjanesbær

Mon – Thu: 09 – 16 & Fri: 09 – 15

Kirkjubraut 40, 300 Akranes

Mon – Thu: 09 – 16 & Fri: 09 – 15

Austurvegur 56, 800 Selfoss

Mon – Thu: 09 – 13 & Fri: 09 – 12

Id.No: 571171-0239

Pension fund 800 /Private Pension Fund 801

Krossmói 4a, 260 Reykjanesbær

Mon – Thu: 09 – 16 & Fri: 09 – 15

Kirkjubraut 40, 300 Akranes

Mon – Thu: 09 – 16 & Fri: 09 – 15

Austurvegur 56, 800 Selfoss

Mon – Thu: 09 – 13 & Fri: 09 – 12

Id.No: 571171-0239

Pension fund 800 /Private Pension Fund 801

© 2024 Festa Pension Fund - All rights reserved

©2024 Festa Pension Fund

All rights reserved.

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    • Lifetime Pension
      • Disability Pension
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          • Child Pension
            • Division of Pension Entitlements
            • Applications
              • FAQ

              Frequently Asked Questions

              Please choose a category below.

              Lifetime Pension   Disability Pension   Child Pension   Spouse Pension   Loans   Private Savings   Additional Pension Savings   Specified Private Pension   Foreign Citizens and Residence Abroad

              Lifetime Pension

              • What is a lifetime pension?
              • Can I have pension entitlements in several funds?
              • Can I see in which funds I have entitlements?
              • Do I have to apply to all the pension funds in which I have entitlements?
              • Will my payments increase or decrease based when I start receiving pension?
              • Do I pay tax on pension payments?
              • Can I get a lump sum pension?
              • Do I need to apply for pension payments?
              • Do I need to apply for pension from pension funds before I start receiving payments from TR (Social Insurance Administration)?
              • Will my lifetime pension be inherited?
              • What if I live abroad?
              • Do salaries reduce pensions?
              • Can I continue to work after I start receiving my pension?
              • Can a spouse receive part of my entitlement to a lifetime pension?
              • What rules apply regarding division of entitlements between spouses/cohabitants?
              • For what period can the entitlements be divided?

              Child Pension

              • Who receives child pension?
              • Can I see in which funds I have entitlements?
              • Do I pay tax on child pension payments?

              Spouse Pension

              • What is the definition of a spouse?
              • If the surviving spouse remarries or starts a new cohabitation, does the former spouse´s pension expire?
              • Do I pay tax on the spousal pension?

              Disability Pension

              • When am I entitled to a disability pension?
              • Can I be entitled to a disability pension from several pension funds?
              • Can someone with impaired work ability withdraw private pension savings before the age of 60?
              • Do I lose my entitlement to a lifetime pension if I start receiving disability pension payments?
              • Can I work even though I am on disability pension?
              • What if I live abroad?
              • Do I pay tax on the disability pension?

              Housing Loans

              • What types of property qualify for housing loans?
              • What type of loans are available?
              • Equal payments (annuity) or equal installments?
              • Fixed interest rates
              • Variable interest rates
              • Is there a maximum or minimum amount for loans?
              • What is the maximum loan term?
              • Is there a pre-payment penalty fee?

              Private Savings

              • What is the difference between private pension savings and specified private pension?
              • How are assets of private savings managed?
              • Are private savings inheritable?
              • How do I apply for the withdrawal of private savings?

              Private Pension Savings

              • What is private pension savings?
              • Why contribute to private pension savings?
              • What are the benefits of private pension savings?
              • How are assets of private pension savings managed?
              • Can I use private pension savings to buy a home?
              • When can I withdraw private pension savings?
              • What happens if I get sick or have an accident?

              Specified Private Pension

              • Can everyone pay into specified private pension?
              • What is the difference between specified private pension and private pension savings?
              • When can specified private pension be withdrawn?
              • Are payments from specified private pension taxable?
              • Is specified private pension inheritable?
              • Does the specified private pension affect payments at TR (Social Insurance Administration)?
              • Does specified private pension reduce pension from TR?
              • What happens if I get sick or have an accident?
              • Does the specified private pension affect the disability and spouse's pension?
              • Can I use the specified private pension for installments on a loan??

              Foreign Citizens and Residence Abroad

              • Reimbursement of premiums to foreign nationals
              • Do I pay tax on my pension if I live abroad?
              • Providing information regarding residence abroad?
              • What if I live abroad and receive a disability pension?