Pension Savings

Long Term Investment

MP Bank offers Private Pension Savings which all employees can invest up to 6% of their salary before income tax and receive a counter-contribution into their pension plan of up to 2% from their employer. 

MP Bank´s Private Pension Savings scheme is a third-pillar voluntary private pension savings scheme operated within law 1997 nr. 129 on Statutory Pension Contributions and the Operation of Pension Funds.

Investment Plans for Your Savings

MP Private Savings 1

Premiums are only invested in treasury bills, bonds and government-guaranteed bonds.

MP Private Savings 2

Premiums are invested evenly in treasury bills, bonds and government guaranteed bonds and in term-deposits with financial institutions which hold a commercial banking or savings banks licence.

Both portfolios were launched at the end of 2008.

MP Private Savings 3

Premiums are only invested in deposits with financial institutions which hold a commercial bankings or savings bank license. Launched in June 2009.

MP Private Savings
Address	Armuli 13a, 108 Reykjavik
Social Security Number	540502 2930
Pension Fund Identification Number	320
Premiums Account	700-26-5000
Telephone	+354 540 3200
Fax	+354 540 3201
Advice and Information	thjonusta@mp.is
Employer's receipts e-mail	skilagreinar@mp.is