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The Ísland.is App

All amounts listed below are calculated before tax.

Basic unemployment benefits

ISK 364.895 per month based on 100% right to benefits.

ISK 273.671 per month based on 75% right to benefits.

ISK 182.447 per month based on 50% right to benefits.

ISK 91.223 per month based on 25% right to benefits. This is the minimum right.

Child support

ISK 14.595 per month is paid for dependent children younger than 18 years of age.

ISK 575.246 per month is the maximum amount of unemployment benefits. No one can receive higher payments than this amount, no matter how high a salary was.

Applicants who are subject to a waiting period at the start of a period are not entitled to income related unemployment benefits.

Income limit

ISK 89.817 kr. is the income limit. An income limit determines how high a salary can be earned before it affects the amount of unemployment benefits.

December bonus

Personal tax credit

ISK 68.691 is the personal tax credit amount for the year 2025. A personal tax credit can be used to reduce income taxes on wages and pensions. If you want to change the use of the personal tax credit, you can contact the Directorate of Labour.

Overpaid unemployment benefits

If an individual receives too much in unemployment benefits, the amount must be paid back. Usually, the income was higher than the amount that was estimated by the applicant.

All income must be reported on My pages.

The amounts apply from 1 January 2025. They are determined by law each year.

Apply for unemployment benefits

Apply for unemployment benefits