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Taxable benefits from municipalities, such as financial assistance from municipalities, should be entered here. Housing benefits are not taxable and therefore do not need to be reported.

Select the month and year of birth to see when you are entitled to start receiving old age pension. 

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. Be sure to enter amounts before tax.

If you receive a pension from a foreign social security institution, the amount must be entered in Icelandic krónur.

Calculator for disability and rehabilitation payments

Salary from employer, calculated remuneration, contractor payments, unemployment benefits, other income from business operations, maternity and paternity leave, allowances and grants.

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Grants and social assistance such as study and research grants and maternity grants. Payments or compensation from an insurance company or union.

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. Affect rights.

Premiums in special funds and pension funds

Additional pension savings are savings where you pay 2% or 4% of your salary and the employer contributes 2% in return. Does not affect rights.

At the age of 67, you can start receiving a retirement pension from {month} {year}. You have a choice of when to start taking it, but never before the age of 65. Select the month and year in which you plan to start drawing your pension. If you are already a pensioner with TR, you have to select the starting month and year when taking the pension.

At the age of 67, you can start receiving a retirement pension from {month} {year}. You have a choice of when to start taking it, but never before the age of 65. Select the month and year in which you plan to start drawing your pension.

If you are already a pensioner with TR, you have to select the starting month and year when taking the pension.

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. - Note: When calculating early withdrawal or delayed receipt of old-age pension, rounding is based on the year of birth; it is not possible to take the birth month into account. Therefore, there may be a slight discrepancy in the calculator's result compared to the final outcome.

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