Half-pension

Authorisation to take a 50% pension from the Social Insurance Administration (SIA) and a 50% pension from pension funds at age 65. Authorisation to take a half-pension from SIA depends on the persons involved taking a half-pension from their own pension funds. The combined rights from pension funds must also equal at least the full old-age pension from SIA. You can find information on the right to take a half-pension from SIA on its homepage www.tr.is. Payments of half-pensions are scheduled to start on 1 September 2018.