Withdrawal of private pension savings due to COVID-19


Now you can apply for a withdrawal of your private pension savings due to COVID-19 on Íslandsbanki‘s website.

If you wish to apply for a withdrawal we kindly ask you to give us the necessary information in our form that you can find at the bottom of this page

1. In our Contact form you need to select: Personal pension

2. Type in your name, ID number, email address and phone number

3. In the field Subject you need to fill out the following information

Applications received before 20th of each month are paid at the 1st of the next month

Information we need from you


Here are couple of examples of how you can request for withdrawal in our Contact form when selecting Personal Pension:

In the subject field you fill in this info:

Example 1

  1. Maximum payment
  2. Tax step 2
  3. No
  4. No
  5. Bank account number

Example 2

  1. ISK 300.000 per month for 6 months
  2. Tax step
  3. No
  4. No
  5. Bank account number

When we have received your request with the necessary information you will receive an email to sign the application for withdrawal with your Electronic ID. When we receive your signed application we will process it as soon as possible. Important to note that the first payment will be May 1.

Important to note that if the necessary information above is not given we will not be able to send you a request to sign the application by email. We have more information about Electronic ID by phone here.