Moving from Iceland
Find out what happens to your pension savings when you move out of the country.
No refunds to foreign nationals will be made from 1 August 2026
All members can choose to start their pension from 60 years of age and can have rights to a disability pension. The surviving spouse has the right of spouse’s pension in the event of the death of a fund member. Provided that certain conditions are met, surviving children may also be eligible for a child’s pension.
Should an application for refund be made before 1 August 2026, foreign nationals moving from Iceland will be refunded if they are not nationals of the following countries: US, UK and Canadian nationals or citizens of countries in the European Economic Area (EEA) and Switzerland, i.e. all EFTA and EU countries.
How will I get my pension after moving from Iceland?
Your pension savings will stay in your pension fund and continue to grow until you reach pension age.
When you reach pension age, you can receive your pension by choosing one of the following options:
- Apply through our website. Fill out the “Application for Pension” form and submit it along with a copy of your passport or an identity card certified by a notary public.
- Apply through the Social Insurance Administration in your country. They will forward your application to the Social Insurance Administration in Iceland, which will then send your application to the pension funds where you have earned rights.