The final settlement is based on the total taxable income of all household members, 18 years and older, for the months housing benefits were received in the previous year.
Taxable income includes for example:

• income from employment

• retirement and disability pension

• private pension payments

• foreign income

• income from private businesses (contractor payments)

• the holiday and December bonuses

• various grants.

Assets can for example be:

• deposits in bank accounts

• vehicles

• real estate

• stock holdings

This refers to all household member's net assets according to the tax return, i.e. all assets minus all liabilities. The information used in the final settlement is taken from the tax return and the Icelandic Tax withholding register for the previous income year.