The Ísland.is App
In the calculator, you can enter different criteria and see how it affects your payments.
Old age pension is paid monthly in arrears and is assumed to start at the age of 67. The first payment can be received one month after the 67th birthday.
Select the month and year of birth to see when you are entitled to start receiving old age pension.
Have you lived abroad?
Enter the percentage of the tax card to be used
The calculator assumes you to have equal income every month of the year.When you apply, you can request to get TR payments according to your monthly income.
All amounts must be before tax
Salary from employer, calculated remuneration, contractor payments, unemployment benefits, other income from business operations, maternity and paternity leave, allowances and grants.
All payments from pension funds, spouse's pension, private property. It is good to anticipate index increases and plan more for pension fund payments rather than less.
Additional pension savings are savings where you pay 2% or 4% of your salary and the employer contributes 2% in return.
Grants and social assistance such as study and science grants, maternity grants and social assistance. Payments or compensation from an insurance company or union.
Interest and compensation from bank deposits and securities, rental income, dividends from shares, capital gains from shares and other assets.All financial income is joint for married couples and cohabitants. These amounts must be the combined amount for both of you. This is taken into account in the calculation and the capital income is divided in half. Passið að færa inn upphæðir fyrir skatt.
If you receive a pension from a foreign social security institution, the amount must be entered in Icelandic krónur.
Taxable benefits from the local authorities should be placed here. Housing benefits are not taxable and therefore do not need to be stated.
Premiums in special funds and pension funds
The calculation of the pension according to the calculator is based on the criteria you provided and is not binding.
