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Special pension for stay in an institution

Allowance

The special pension is intended to cover other costs than the costs of staying in an institution for pensioners.

The amount is 100.020 ISKper month before tax.

The amount is income-related and the calculation is based on the current income plan at TR.

Note that only pensioners in detention must apply for the funds. For others who are entitled to funds, they will receive them automatically.

General information

The amount of the disposal fund is income-related and the following income has an effect on the amount:

  • income,

  • pension fund income,

  • your financial income and that of your spouse,

Payments are cancelled when income reaches 153.877 ISK in a month before tax.

Income that does not affect the amount is for example:

  • audit of supplementary pension savings,

  • payments from a social institution,

  • payments from local authorities.

Every spring TR does a settlement and recalculation of payments from TR the previous year's allowance based on a confirmed tax return, as are other pension payments. It is therefore important that your income plan is correct.

Allowance - frequently asked questions

Allowance