Are you temporarily working in Iceland?
All persons employed in Iceland are obligated to contribute to a pension fund between the ages of 16 to 70. Foreign nationals can under certain circumstances be excempt, subject to treaties between Iceland and the relevant state. For instance citizens of other EEA-member states can under certain circumstances be excempt from the obligation to contribute to icelandic pension funds, owing to their membership of another EEA-member state‘s social security system. This must be documented with a valid A-1 certificate issued by the relevant EEA-member state.
If you want to become a member of the SL Pension fund, please contact us at sl@sl.is or by phone 510 7400
Can pension premiums be reimbursed?
Pension contributions of foreign nationals emigrating from Iceland may be reimbursed, provided it is not prohibited in accordance with international agreements to which Iceland is a party*.
In cases where a foreign national has the right to reimbursement* an application must be sent to the fund accompanied by the following:
- Confirmation from the last employer regarding termination of employment.
- Copy of a passenger ticket back to the home country or equivalent confirmation.
- Copy of the applicant's passport.
- The applicant's bank account number in Iceland.
Please note that reimbursement of contributions will cancel all benefits earned during the period in question from the Pension Fund. An income tax will be deducted from the reimbursement.
sl@sl.is or by phone 510 7400.
*Reimbursement can be limited to a specific portion of the contributions on proper actuarial premises, i.e. pension fund may retain the part of the paid premium that is equivalent to the fee for the entitlements that the said individual has enjoyed in the fund while he contributed to it (invalidity, spouse or child pension).
*Rules of reimbursement may vary between pension funds.