Recalculation and settlement of benefits for 2017

Social Insurance Administration has recalculated income-linked pension benefits for the year 2017. The recalculation has been compared to the latest income estimate for the year 2017.

The benefits are recalculated to see if your benefits were according to your tax return.


To see an English version of the letter, please click on one of the boxes here below. 
The links should  resemble the text-box at the top of the letter in Icelandic that you have received.

Paid-out benefits were underpaid


 No difference between paid-out benefits and your final benefits entitlementNidurstodur-2016-eru-rettarBenefits were overpaid


Overpayments will not be reclaimed


Amount will be used to pay debts resulting from earlier overpayments



Electronic submissions on https://minarsidur.tr.isMínar síður

Pensioners can now correct their income estimates electronically at any time on the website https://minarsidur.tr.is

The site allows the electronic preparation of income estimates and provides instant preliminary calculations of payments. The password used for the site is supplied by the Registers Iceland, Íslykill (IceKey) or by digital certificates on debet cards and mobile phones provided by the Icelandic banks.

To apply for Íslykill you need to got to this site: island.is. You are asked to enter your ID-number (kennitala) and choose if you want the IceKey sent to your home-bank, via mail to domicile in Iceland or, if you are not living in Iceland, get it sent to an Icelandic embassy (list of embassies will appear in a drop-down list).

You can also go to the office of Þjóðskrá (The National Registry) in Borgartún 21 with personal ID and receive an Íslykill

Note that you will only have to submit an income estimate if any changes are made.

Page updated  16.05.2018