Recalculation and settlement of benefits for 2008 – Benefits were overpaid
Icelandic version of the letter
Recalculation and settlement of benefits for 2008
Social Insurance Administration has recalculated income-linked pension benefits for the year 2008. The recalculation has been compared to the latest income estimate in the year 2008.
The benefits are recalculated to see if your benefits were according to your tax return.
The results show that the year's benefits were overpaid by ISK, taking withholding taxes into account. See the attached letter from the Claims department.
| Recalculation | |
| Benefits according to tax return | |
| Benefits according to latest income estimate | |
| Difference | |
| Taxes | |
| Overpaid benefits | |
| Debts in the year 2008 | |
| Debts formed | |
| Already settled | |
| Status on debts formed in 2008 | |
| Conclusion | |
| Overpaid benefits formed in 2008 | |
| Overpaid benefits by recalculation | |
| To be collected | |
Enclosed is information about income 2008 according to tax return 2008 and latest income estimate for the year 2008.
If you believe that either the calculations or the premises underlying the calculations are incorrect, we request that you submit your comments in writing before august 28th. Documentation supporting your comments should be attached. Forms which may be used for this purpose can be found on the Tryggingastofnun website or obtained from its offices.
1 Tryggingastofnun's recalculation of income-linked pension benefits is provided for in Article 16 of the Social Security Act No. 100/2007.
2 In the event of any disputes arising with respect to the basis, conditions or amount of benefits, the above decision may be appealed. Appeals shall be in writing and sent to Úrskurdarnefnd kærumála, Vegmúli 3, 108 Reykjavík, .
IncomeThe table below shows income according to the tax report for the year 2008 and the estimate that was used to calculate income-linked benefits for 2008.
| Name | Spouse name | |||
| Identity number |
Income in 2008 acording to tax return |
Estimate for annual income in 2008 |
Income in 2008 acording to tax return |
Estimate for annual income in 2008 |
| 1. Income | ||||
| 1.1 Pay from employment | ||||
| 1.2 Other pension, f. ex. occupational pension, private pension | ||||
| 1.3 Income from self-employment | ||||
| 1.4 Unemployment benefiits | ||||
| 1.5 Presumptive income | ||||
| 1.6 Other income | ||||
| 1.7 Income estimated from tax office | ||||
| 2. Tax-exempt retirement savings | ||||
| 2.1 Tax-exempt retirement savings | ||||
| 2.2 Tax-exempt retirement savings | ||||
| 3 Capital income | ||||
|
3.1 Interest income and price increase compensation |
Capital income of spouses are declared jointly
|
|||
| 3.2 Profit/dividends | ||||
| 3.3 Rental income | ||||
| 3.4 Sales profit | ||||
| 3.5 Capital income estimated from tax office | ||||
| Total captal income | ||||
Further information:
- Significance of each income type is different
- On our service web, www.tryggur.is, there is available a supporting schedule for recalculated benefits
- Our service center gives out all further information. The address is Laugavegur 114, IS-150 Reykjavík, telephone +354 560 4460 or our email tr@tr.is
With regards
Sigríður Lilly Baldursdóttir, director