Private pension plans have multiple benefits.  

• A private pension plan is an excellent way to increase your disposable income after the age of 60. 
• By investing 2-6% of your income (before taxes) you obtain the right to an additional 2% contribution from your employer.
• By investing in a private pension plan you can reduce your income tax base.
• Private pension accounts are not subject to investment income tax.
• Private pension accounts are not declared as assets in your income tax return, and so they do not affect payments of interest benefits on housing loans, nor of child benefit.
• Private pension is exempt from creditors and therefore is not subject to attachment in cases of financial troubles or insolvency.

You can start withdrawing your assets at the age of 60.  Pension payments are subject to income tax. 

Audur's task is to collect your savings from your employer and manage the investments in order to obtain the maximum amount of return within a given risk profile using different investment plans.

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