A monthly payment is made due to dependent children younger than 18 years of age.

While income-related unemployment benefit payments are made, 4% of undiminished basic unemployment benefit payments are made at the amount of 13.251 kr. per month for each child.

Unemployment benefit will be paid at the basic rate for two weeks following your first registration, after which income-related amounts take effect.

• The maximum of income-related unemployment benefit is ISK 522.282 per month.
• Income-related amounts are calculated as follows:
  Wage-earners: Income-related unemployment benefit is 70% of your average gross income, based on the six-month period ending two months before you became unemployed.   
  Self-employed individuals: Income-related unemployment benefit is 70% of your average gross income, based on the income year preceding the year in which you become unemployed.
  Your benefit entitlement: The amount of income-related benefit also depends on your benefit entitlement. For example, if you have maximum income-related benefit, but only 50% benefit entitlement, then the maximum amount you can receive is 50% of ISK 522.282 i.e. ISK 261.141.
  
  
• Your right to receive income-related unemployment benefit is valid for 3 months from the beginning of the benefit period, providing you meet the requirements. 
• If a waiting period is imposed on your unemployment benefit, you will not be entitled to income-related benefit.
• Applicants only have the right to receive income-related benefit once in each benefit period, this being at the beginning of the period.