Pensions in Iceland in Australian dollars

Iceland
2 120 A$

Average pension in Iceland

As of 1 January 2025 the average pension in Iceland is 2 120 A$. The old-age pension in Iceland - 2 540 A$, disability pension 2 010 A$, survivor`s pension 1 380 A$, and the social pension is 1 380 A$.

Pensions in Iceland in 2025 and 2024

The average pension in Iceland in 2024 was 1 990 A$, and in 2025 - 2 120 A$. The growth of the average pension in Iceland for the year was 130 A$.

2025

Average pension 2 120 A$
Old Age Pension 2 540 A$
Disability pension 2 010 A$
Survivor`s pension 1 380 A$
Social Pension 1 900 A$

2024

Average pension 1 990 A$
Old Age Pension 2 390 A$
Disability pension 1 890 A$
Survivor`s pension 1 290 A$
Social Pension 1 790 A$

14

place is occupied by Iceland in the ranking of countries by pension size

Retirement age in Iceland

The retirement age for old age in Iceland comes at 67 years years for men and at 67 years years for women.

Men 67
Women 67

11

place is occupied by Iceland in the ranking of countries by retirement age

Life expectancy in Iceland

The average life expectancy in Iceland is 82 years years for men and 85 years years for women.

General 83
Men 82
Women 85

11

place is occupied by Iceland in the ranking of countries by life expectancy