First buyer

A tax free option for those planning to buy their first home

Effective for a continuous 10 year period

First buyer


The Icelandic Act on first home buyer assistance was passed on the 1st of July, 2017. The Act authorises the tax free payment of a private pension towards buying a home or paying towards a mortgage. Anyone can utilise this option for a period of ten years. The Act is intended to help first home buyers.

Do you want to apply?

The RSK webpage provides all the necessary information