iCalculator™ IS Iceland Social Security Calculator for General Social Security Contribution
This calculator for Iceland is part of our payroll calculators suite which support salary and income tax calculations in Iceland. With this General Social Security Contribution Calculator, you can calculate the associated contributions due for General Social Security Contribution in Iceland based on your annual income in the 2024 tax year, this includes, where appropriate, employee and employer general social security contribution contribitions.
Rate and Share, Show you Care 😊 Your feedback and support helps us keep this resource FREE for all to use, thank you.
General Social Security Contribution in Iceland
General Social Security Contribution is subject to annual review in Iceland and rates and thresholds can change from year to year. The table below defines the associated tax years and tax rates that are integrated into the Iceland Income Tax calculators on iCalculator™ IS:
Iceland Current and Historic Social Security Rates for General Social Security Contribution| Tax Year | Employee Rate | Employer Rate | Combined Rate |
|---|
| 2024 | 0% | 6.35% | 6.35% |
| 2023 | 0% | 6.35% | 6.35% |
| 2022 | 0% | 6.35% | 6.35% |
| 2021 | 0% | 6.35% | 6.35% |
| 2020 | 0% | 6.35% | 6.35% |
| 2019 | 0% | 6.35% | 6.35% |
If you believe any of these rates are incorrect or you would like additional tax years adding to the Iceland tax suite then please contact us. All updates and amendments are complementary, we appreciate the support from our community with providing up to date free tax tools for Iceland. Note that you can view all tax years for Iceland supported by iCalculator™ IS here, this includes all payroll associated taxes and deductions that are applied in Iceland.