Unemployment benefit amounts
The following amounts shall apply as from 1 January 2023:
Basic unemployment benefit payments are calculated follows:
- Unemployment benefit is ISK 331.298 per month (100% entitlement).
- Unemployment benefit is ISK 248.473 per month (75% entitlement).
- Unemployment benefit is ISK 165.649 per month (50% entitlement).
- Unemployment benefit is ISK 82.824 per month (25% entitlement – minimum entitlement).
Payments due to dependent children younger than 18 years of age
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.
Income-related amounts:
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.
Disbursement dates of the payment office 2023
JANUARY | |
2. Corrections | |
5. Late confirmations | |
11. Corrections | |
16. Corrections | |
31. General payment |
FEBRUARY | |
3. Corrections | |
7. Late confirmations | |
10. Corrections | |
16. Corrections | |
28. General Payment |
MARCH | |
2. Corrections | |
7. Late confirmations | |
10. Corrections | |
16. Corrections | |
31. General payment |
APRIL | |
3. Corrections | |
5. Late confirmations | |
12. Corrections | |
17. Corrections | |
28. General payment |
MAY | |
3. Corrections | |
5. Late confirmations | |
10. Corrections | |
16. Corrections | |
31. General payment |
JUNE | |
2. Corrections | |
6. Late confirmations | |
9. Corrections | |
15. Corrections | |
30. General payment |
JULY | |
3. Late confirmations | |
5. Corrections | |
10. Corrections | |
17. Corrections | |
31. General payment |
AUGUST | |
2. Corrections | |
4. Late confirmations | |
11. Corrections | |
15. Corrections | |
31. General payment |
SEPTEMBER | |
1. Corrections | |
5. Late confirmations | |
11. Corrections | |
15. Corrections | |
29. General payment |
OCTOBER | |
2. Corrections | |
5. Late confirmations | |
11. Corrections | |
16. Corrections | |
31. General payment | |
NOVEMBER | |
2. Corrections | |
6. Late confirmations | |
10. Corrections | |
15. Corrections | |
30. General payment | |
DECEMBER | |
1. Corrections | |
6. Late confirmations | |
10. Corrections | |
18. Corrections | |
29. General payment |