Payouts

Individuals

Foreign citizens from outside the EEA can apply for the reimbursement of the contributions paid when they leave Iceland, without interest but with indexation, provided that this is not prohibited in the relevant agreements between Iceland and their home country.
Foreign citizens from outside the EEA can apply to have the account balance of their supplementary pensions repaid to them as of the payout date, i.e. contributions plus returns, when they move away from Iceland.

Non-Icelandic EEA citizens cannot be repaid contributions when they move away from Iceland. This is in accordance with mutual agreements between member states.
Non-Icelandic EEA citizens who have moved away from Iceland when a payout of contributions is made should turn to the partner organisation of the Icelandic Social Insurance Administration (Tryggingastofnun) in the relevant country who will forward the enquiry to Iceland.

Non-Icelandic EEA citizens cannot be repaid supplementary pension savings when they move away from Iceland. If they have moved away from Iceland when a payout of supplementary pension savings is made, they need to contact directly the custodian to which payment was made as the Icelandic Social Insurance Administration and the Icelandic Pension Funds Association do not act as intermediaries in this respect.