A tax free option for those saving towards a new home. Effective from July, 2014 til the 31st of December, 2025. The owner of the pension plan cannot own a property during the period outlined above. You can apply for Private Pension online (in Icelandic)
Authorisation for the tax free payment of a private pension towards saving for a new home for own use. The premium paid between the 1st of July, 2014 til the 31th of June, 2025 can be used for this purpose.
Do you want to apply?
Browse the RSK website for more information. You can apply online.
The maximum authorised amount per year is 500,000 ISK per person.
The maximum authorised amount per year for married couples and individuals who fulfil the criteria for joint taxation is 750,000 ISK per year
The maximum contribution from an employer is 2% and 4% of your own premium
The owner of the pension plan cannot own a property during the period outlined above
Most people who take advantage of the tax free payment of a private pension towards buying a new home want to avoid fluctuations. Property Plan is a great solution for those buying after a year or more.
A non-indexed private pension can be the best solution if you are planning to buy within a year.
Here are some things that could answer your questions. You can also talk to a consultant in the online chat or call a counseling center. We do our best to answer you right away..
