LÍVkonto
We offer to manage your savings, even after
the agreed period has ended.
Pension payment
As the disbursement of your pension approaches, a decision needs to be made about whether the money should be transferred to an account in a bank.
An increasing number of people choose to leave the money in LÍVkonto
This is done without any account setup fees.
The savings will earn interest at the market rate. With market interest, you will receive the profit that the market provides.
In good times, you get all the profit from the positive market performance. However, there is also the possibility of negative returns during certain periods when market conditions are less favorable.
The investments related to the LÍV account are made with the lowest risk.
It is possible to track the account’s progress on the customer portal MÍTT LÍV, which you can find here.
If you would like a discussion about your benefits with a LÍV account, we would be happy to hear from you.
Contact us today
or call 31 11 11
Investment risk
The investments in the LÍVkonto will be allocated to the investment group with the lowest risk.
Market interest rate
With market interest, you get the profit that the market provides. In good times, you get all the profit from the positive performance. However, there is also the possibility of negative returns during certain periods when things are not going well.
Past performance
Arrangements
- The LÍVkonto is intended for those customers who receive their pension paid in one lump sum.
- Interest is credited monthly.
- Annual management fee of 0.5% of the savings.
(interest margin) - Money can be withdrawn twice annually without cost.
- The processing time is at least 10 business days.
- The money can remain in the LÍVkonto for as long as you wish.
- In the event of death, the LÍVkonto will be paid out to the next of kin, unless otherwise agreed with us.
- We reserve the right to change the established investment rules for the LÍVkonto.
- Upon termination, the processing time is the current month + 14 days.
We are ready to help you
If you have questions or would like advice, you are welcome to contact us.
Send us an email on liv@liv.fo, call us at +298 31 11 11, or log in to the customer portal
Mítt LÍV and send us a message
