No refunds are authorised to nationals of countries in the European Economic Area (EEA). EEA countries are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and Switzerland.

No refunds are authorised to U.S. and Canadian nationals.

UK citizens are entitled to a reimbursement of contributions made from 1 January 2021. Reimbursements of contributions made before 1 January 2021, when the UK was a member of the EEA, are not permitted.

In cases where a foreign citizen is entitled to a reimbursement of contributions, the following rules shall apply:

If the period of contribution payments is less than three years, foreign citizens shall recover both their own and their employer's contributions plus indexation calculated with reference to the Consumer Price Index. Reimbursements do not bear interest.

If the period is more than three but less than five years, thus establishing the right to a current valuation of disability benefits, the proportion of recovery shall be based on the following table of the Association of Icelandic Actuaries, where the age of the foreign citizen at the time of recovery is the determinant factor.

If the period of contribution payments exceeds five years, and the amount of the contribution is substantial, the repayment shall be in accordance with the assessment of the Fund's actuary.

A reimbursement of contributions will cancel all benefits from the Fund. Income tax is deducted from the reimbursement.

Fill out the application form and return it to the fund accompanied by:

1. Confirmation from your last employer regarding termination of employment.
2. Copy of the your passport.
3. Copy of your travelling ticket back to your home country or equivalent confirmation.
4. Copy of your last pay slip.
5. Your bank account number in Iceland.