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The Ísland.is App

Pension - One payment per year

Application for one payment per year

You can request to have your pension from TR paid once a year. In that case, you will stop receiving monthly payments from TR and instead, your benefits will be calculated once the confirmed tax return is available the following year.

This arrangement could be suitable for those with variable income throughout the year or those who receive their main income from other sources than TR, for example from pension funds.

By getting paid once a year, you get exactly what you are entitled to based on your income.

Application

Here's how you apply:

  1. Click Apply

  2. Log in with your electronic credentials

  3. Fill out the application

  4. Click Submit Application

Applications can also be made for:

The application will be processed automatically based on the available data. The result will be visible in the application process itself.