Compare Pension Savings in Norway

Compare individual pension savings (IPS) products in Norway.

19 live pension savings offers tracked across 19 Norwegian providers, with fees from 0.10% AMC. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

19 live offers compared from 19 providers, from 0.10% AMC. Updated daily.

KLP IPS Pension NO KLP Forsikring

0.10% AMC

  • Plan Type: IPS (Individual Pension Savings)
  • Management Fee: 0.10% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

Storebrand Pension NO Pensions Storebrand Pension NO

0.15% AMC

  • Annual Fee: 0.15%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.15%

Nordnet IPS NO Nordnet Norway

0.20% AMC

  • Plan Type: IPS — self-directed ETF investing
  • Management Fee: ~0.2% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

KLP Pension Norway Pensions KLP Pension Norway

0.25% AMC

  • Annual Fee: 0.25%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.25%

Nordea IPS Nordea Norway

0.30% AMC

  • Plan Type: IPS — index + active funds
  • Management Fee: ~0.3% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

DNB Pension Pensions DNB Pension

0.30% AMC

  • Annual Fee: 0.3%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.3%

Kron Pension NO Kron

0.35% AMC

  • Plan Type: IPS — digital robo-advisor
  • Management Fee: ~0.35% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

Storebrand IPS Storebrand

0.40% AMC

  • Plan Type: IPS — broad fund selection
  • Management Fee: ~0.4% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

Nordea Pension Norway Pensions Nordea Pension Norway

0.40% AMC

  • Annual Fee: 0.4%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.4%

SpareBank 1 Pension Pensions SpareBank 1 Pension

0.50% AMC

  • Annual Fee: 0.5%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.5%

Gjensidige Pension Pensions Gjensidige Pension

0.55% AMC

  • Annual Fee: 0.55%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.55%

Formue Pension Formue

0.60% AMC

  • Plan Type: Managed IPS (high-value clients)
  • Management Fee: ~0.6% p.a.
  • Tax Benefit: Deductible up to 15,000 kr/year

Gabler Pension NO Pensions Gabler Pension NO

0.60% AMC

  • Annual Fee: 0.6%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.6%

Frende Pension NO Pensions Frende Pension NO

0.65% AMC

  • Annual Fee: 0.65%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.65%

Sbanken Pension Pensions Sbanken Pension

0.75% AMC

  • Annual Fee: 0.75%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.75%

Fana Sparebank Pension Pensions Fana Sparebank Pension

0.80% AMC

  • Annual Fee: 0.8%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.8%

Eika Pension NO Pensions Eika Pension NO

0.85% AMC

  • Annual Fee: 0.85%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.85%

Landkreditt Pension Pensions Landkreditt Pension

0.90% AMC

  • Annual Fee: 0.9%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.9%

Sparebanken Vest Pension Pensions Sparebanken Vest Pension

0.95% AMC

  • Annual Fee: 0.95%
  • Plan Type: Individual pension savings (IPS)
  • Tax Benefit: Up to 45% tax relief
  • Management Fee: 0.95%

What is pension saving in Norway?

Pension saving builds income for retirement on top of the state system. Norway has three pillars: the state folketrygd paid through NAV, an occupational pension (tjenestepensjon) that every employer must provide, and voluntary private saving such as an IPS (Individuell pensjonssparing) account. Private pension products let you invest for retirement, often with tax advantages, and are offered by life insurers and fund managers.

How the Norwegian market works

The folketrygd provides a basic state pension based on your income history. On top, employers must run an occupational pension for staff, most commonly a defined-contribution scheme (innskuddspensjon) paying at least a legal minimum percentage of salary into a fund. Individuals can add voluntary savings: the IPS scheme offers a tax deferral on contributions up to an annual limit, and many simply invest through funds or an Aksjesparekonto for retirement. Providers charge management fees, and your occupational pension can often be gathered into an egen pensjonskonto (own pension account) to cut costs.

Benefits

Employer contributions — Occupational pension means your employer pays into your retirement fund on top of salary.

Tax advantages — The IPS scheme defers tax on contributions up to the annual limit.

Long-term growth — Pension funds invest in equities and bonds to grow savings over decades.

Consolidation — Gathering old occupational pensions into one account lowers fees and simplifies management.

How to choose

For occupational pension, review the fund choice and fees, and consider consolidating past employers' pensions into your own pension account (egen pensjonskonto) to reduce charges. For voluntary saving, compare management fees, the fund range, and whether the IPS tax deferral suits your situation. Choose an equity-heavy profile if retirement is decades away and shift to lower risk as you approach it. Low fees compound into a materially larger pension over time.

Leading providers in Norway

Storebrand and DNB are among the largest pension and life providers. KLP serves the public sector strongly. Nordea offers pension funds and IPS products. App-based savers like Kron and advisory firm Formue serve individual investors, while Eika and local savings banks such as Fana Sparebank provide pension saving to their customers.

What it costs

The main cost is the annual management fee on the funds your pension is invested in, typically ranging from around 0.1 percent for low-cost index options up to about 0.95 percent or more for actively managed profiles. Some products add a platform or administration fee. Because pensions run for decades, even small fee differences compound significantly, so consolidating and choosing low-cost funds can add meaningfully to your final pot.

Protections and regulation

Pension providers and life insurers are authorised and supervised by Finanstilsynet under Norwegian and EU rules. Occupational pension is mandatory under the occupational pension acts, and client assets are held separately. The state folketrygd is administered by NAV. Fees and fund risks must be clearly disclosed, and disputes can be brought to Finansklagenemnda.

Common questions

Do I get a pension from my employer? Yes, employers must provide an occupational pension, most often a defined-contribution scheme.

What is an egen pensjonskonto? An own pension account that gathers your occupational pension savings in one place to cut fees.

Is IPS worth it? The IPS scheme defers tax on contributions up to an annual limit; whether it suits you depends on your tax and savings situation.

Pensions in Norway — FAQ

What is the best pension or retirement savings account in Norway?

Giraffy tracks 19 pension and retirement savings products across 19 providers in Norway. Compare by Annual Management Charge (AMC) and investment fund range to find the best fit for your retirement timeline.

What types of pension or retirement accounts are available?

Pension types typically include employer workplace pensions (with contribution matching), personal pensions (self-directed), and government schemes. Check your country's specific rules on contribution limits and tax relief — these vary significantly.

How much should I save for retirement?

A common benchmark is to aim for a retirement income of about 60–80% of your pre-retirement earnings. As a savings target, contributing 15% of your gross income from your mid-20s — including employer contributions — is a widely cited starting point. Pension calculators help model your specific situation.

When can I access my pension or retirement savings?

Retirement savings access ages vary by country and account type. In the UK, pension access starts at age 55 (rising to 57 in 2028). Australia allows access to super from preservation age (currently 60). Check your local rules — early withdrawal penalties and tax consequences can be severe.

What are pension charges and how do they affect my pot?

The Annual Management Charge (AMC) is the ongoing fee on your pension fund — typically 0.1–0.75% per year of your pot's value. On a £100,000 pot, a 0.5% AMC costs £500/year and compounds over time. Over 30 years, a 0.5% difference in charges can reduce your final pot by tens of thousands of pounds.

What is automatic enrolment and do I qualify?

Automatic enrolment means eligible workers are enrolled into a workplace pension without having to opt in — the UK, Australia, Ireland, and several other markets operate similar mandatory or auto-enrolment systems. Employer contributions are effectively 'free money', so opting out generally costs you significantly over time.