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Pension payment

All individuals up to the age of 67 and a half years, who are fully tax-liable in the Faroe Islands, are required by law to contribute a portion of their salary to a pension scheme.

If you move to the Faroe Islands for reasons of fixed-term employment (short term), you may become exempt from contributing to the Faroese pension system.

Choose a risk profile
that suits you

Everyone needs to save for their pension, and now
you can choose the level of risk you want.

Let us help you put together your financial safety net.

Most of us are very conscientious when it comes to insuring houses, cars, furniture, and other possessions.
We sometimes forget that it is we, as individuals, who pay for the circumstances we live in.
Loss of possessions is unfortunate, but it is unlikely to hit as hard as the loss of work capacity or if a spouse passes away.

Pension


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Life Insurance


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Inability to work


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The need changes over time

When changes happen in life, you should check if your insurances still match your needs

Are your insurances proberly arranged, considering:

  • Marital status
  • Cohabitation
  • Children
  • Home purchase 
  • Salary level etc. 

Contact us, and together we will find the best solution for you.

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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