A good rule of thumb is to save 15-20% of your total salary to ensure you are as secure as possible when you no longer have your regular income.
Are you new to the job market?
It's never too early to start saving for retirement, but we also know that it can be hard to imagine life after work when it has just begun. When you start a job, it's a good idea to have a meeting with us. We can help you review your finances and create a plan for contributions to your pension. The monthly amount that you set aside will often depend on your age, your contribution to employer-paid pension, as well as your desire for your monthly disposable income. Perhaps you will start by depositing a smaller amount and then increase the size of the amount when you have a bit more years of work experience and feel ready to set aside more for retirement.
Are you in your last years in the labor market?
If you have instead entered the last 10-20 years in the labor market, there are other things you can start to assemble your pension from. Perhaps it is time to set aside a larger amount each month. Perhaps you have so far had an aggressive investment approach, but can now dial it down to a medium level and instead maintain a calm, but secure growth in your savings before you finally step out of the labor market.
At Grønlandsbanken, we offer both Qimatut private and Qimatut employer-managed pension savings.