104/2024 – Act amending various acts due to the revision of the social security disability pension system.

Various amendments to the Social Security Act. The amendments enter into force on 1 September 2025. Although paragraph 1, point 19, Article 12, entered into force on 5 July 2

1488/2024 – on the amounts of social security benefits and social assistance for the year 2025. Benefits increased by 4.3%. Entered into force on 1 January 2025

1482/2024 – on the amounts of the income thresholds (income limits) of social security and social assistance for the year 2025. The threshold for special maintenance allowance increased by 4.3%. The general income threshold for old-age pensioners increased to ISK 438,000 per year. Entered into force on 1 January 2025.

1489/2024 – on an amendment to Regulation No. 1255/2016 on disposable income and daily allowances under the Social Security Act. Benefits increased by 4.3%. Entered into force on 1 January 2025

1485/2024 – amending Regulation No. 1195/2017 on flexible withdrawal of old-age pension and household allowance. Benefits increased by 4.3%. Annex regarding accelerated and deferred withdrawal of pension updated. Entered into force on 1 January 2025.

1454/2024 – on amendments to Regulation No. 1200/2018 on household allowance and pension allowance. Benefits increased by 4.3%. Entered into force on 1 January 2025.

1483/2024 – on lump sum payments to pensioners in 2025. Lump sum payments to old-age pensioners increased by 4.3%. Entered into force on 1 January 2025

1491/2024 – on the amendment to Regulation No. 905/2021, on subsidies and benefits for persons with reduced mobility due to vehicles. Benefits increased by 4.3%. Entered into force on 1 January 2025.

1419/2023 – on the amendment to Regulation No. 905/2021, on subsidies and benefits for persons with reduced mobility due to vehicles. The amendment includes an increase in the amount of subsidies and benefits for vehicle purchases. The amount increased from ISK 500,000 to ISK 1,000,000, but for the first purchase of a vehicle or if a person has not owned a vehicle for 10 years, from ISK 720,000 to ISK 1,000,000. The subsidy for the purchase of a vehicle increased from ISK 1,440,000 to ISK 2,000,000. and the subsidy for the purchase of a specially equipped vehicle increased from ISK 6,000,000 to ISK 7,400,000. A paragraph on pure electric vehicles was added, but then the maximum amount could be 66% of the purchase price of the vehicle, but not more than ISK 8,140,000. The change took effect on January 1, 2024.

1613/2024 – on the amounts of social security accident insurance benefits for the year 2025. The amounts of social security accident insurance benefits increased and a provision that if the calculation according to paragraph 1 of Article 17 of Act No. 108/2021 of a lump sum payment from the Health Insurance Institution is not available by 1 January 2025, pension payments and child pension will increase in accordance with the increase in the amounts of disability pension and child pension according to the Social Security Act, cf. Regulation on the amounts of social security benefits No. 1488/2024. Entered into force on 1 January 2025.