Gildi merki
  • Private Pension
  • Private savings for property purchases
  • Private savings used to pay a deposit on a loan

Private savings used to pay a deposit on a loan

  • The loans must be secured with a lien in residential housing for own use.
  • These measures are tax free.
  • This applies to paid premiums for wages earned during the period 1 June 2014 to 30 June 2019.
  • Applications for the measure are made through the website of the Directorate of Inland Revenue, leidretting.is. The application does not apply retroactively. The private savings are paid toward the loan from the month in which the application is submitted.
  • An individual can pay a maximum of ISK 500,000 per year. The contribution of a wage earner is 4% but is a maximum of ISK 333,000 per year. The contribution of employer is 2% but is a maximum of ISK 167,000 per year.
  • Married couples and persons that meet requirements for joint taxation can pay a maximum of ISK 750,000 per year. The contribution of a wage earner is 4% but is a maximum of ISK 333,000 per year. The contribution of employer is 2% but is a maximum of ISK 250,000 per year.
Gildi merki

Guðrúnartún 1, 105 Reykjavík
Hafnarstræti 9, 400 Ísafjörður

Opening hours

Mondays – Thursdays 09:00 – 16:00

Fridays 09:00 – 15:00

Phone hours for department of
pensions, loans and premiums

Mondays – Fridays 09:00 – 15:00

Phone
515 4700

Email
gildi@gildi.is

Social Security Number
561195 2779

Póstlisti Gildi
Decline paper

Gildi fyrirmyndar fyrirtæki