First job

There are so many things to think about when you start your first job.

Next step

Apply for a debit card for your salaries

Give yourself time to think

Take the time to familiarise yourself with any working rights and to think about how you want to use your wages.

CV and job interview

Writing an effective CV and preparing for an interview can be nerve wrecking. Here are some tips to consider.

Private Pen­sion Plans

Are you miss­ing out on a 2% salary raise? If you contribute 2 - 4% of your monthly income to your private pension plan and your employer will add a 2% contribution . A private pension plan is one of the easiest ways to secure a better future.

More on Private Pension Plans


A money saving mindset helps you to save for those all important milestones and to expect the unexpected. Set money saving goals that cover the long-term and the short-term.

See more savings options

Good advice

  • Your rights

    Know your rights

    Know your rights. All employees should have an employment contract and be a member of a union. Find out which union you belong to and see what your rights are. You should check if you are categorised as an employee or as a contractor and familiarise yourself with the relevant rights.

  • Private Pension

    Apply for a private pension

    A Private Pension Plan means ensuring access to the wage you deserve. You can even use your Private Pension Plan to help you buy your first property later on.

    Anyone 16 years of age or older, in full-time employment, part-time employment or in summertime employment (alongside their studies) can apply for a Private Pension Plan. Anyone 18 years or older can submit an application online and those employed by more than one employer can apply for a Private Pension Plan from each employer.

  • Goals

    Set some goals

    Set some savings goals. They can be for whatever you like!

  • Savings


    Your income should be sufficient to cover the time you are not working and to help if something comes up. A small reserve fund of 100,000 kr. can reduce the chances of you having to borrow and help you in harder times.

    Regular savings

    The secret to saving is simplicity. Choose a fixed sum of money, with or without an investment option and we will automatically transfer it to your savings account each month. We do the work for you.

  • Salary slip

    Have a look at your payslip

    Mistakes can be made. You should always review your payslip carefully. If anything is unclear, then talk to your employer or contact your union.

  • Holiday allowance

    Holiday allowance

    You should familiarise yourself with the holiday allowance framework at your workplace because payment methods differ. The employer is responsible for creating a holiday allowance account and the money can be withdrawn in advance (in this case, the employer makes a note of the withdrawal and fills out a form to enable you to make the withdrawal).

    You can access more information on the Áttavitans website.

    Holiday allowance account

    Your holiday allowance is paid by your employer in addition to your total salary each month. The amount is paid separately into your account on the 11th of May each year or the next working day thereafter.

    Read more about Holiday allowance accounts

Educational material

Click here to find episodes, educational videos, recordings from meetings and other interesting videos (in Icelandic).

Book an appointment

You can book a telephone call with one of our advisors or an appointment at a branch

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