See news on the Government of Iceland website.

The change involves the removal of the condition that applicants may not own assets in money or securities exceeding ISK 4 million. Now, the balance in a bank account or ownership of securities is not a factor when processing an application.

The change is retroactive and applies from 1 August 2025. Other conditions remain unchanged, such as the income threshold, but applicants may not have employment income higher than ISK 323,029 per month before tax alongside their studies.

You can read more about the right to a child pension due to studies or vocational training on the TR website.