New Application Process Under Development

A new application process is currently being developed and will be available through Skatturinn's online service.

The aim is for the application process to be ready when the legislation enters into force on 1 October.

Further information about the scheme, the application process and key dates will be published on Skatturinn's website as preparations progress.

Important Dates

• 1 October – The legislation enters into force. The new application process is expected to open on this date.

• 1 December – To use voluntary pension contributions paid into a pension fund from January 2026, the application must be submitted no later than 1 December 2026.

• Applications submitted after 1 December 2026 will apply from the month in which the application is submitted.

First-Time Home Buyers

Individuals purchasing their first home can continue to apply for a lump-sum withdrawal of accumulated voluntary pension savings, and the allocation of voluntary pension savings through Skatturinn's service portal.

Further information about using private pension savings when purchasing a first home.