Calculator
See what you really earn in 2026.
Enter your monthly invoice amount and instantly see income tax, pension, social security (Tryggingagjald) and your actual take-home pay — fully updated with the latest 2026 Icelandic tax rules.
Automated estimate — not tax advice. Pension 12% (legal minimum), personal credit applied.
Your estimated take-home
ISK 540.990
net, sent to your bank the same day
- No company setup required — invoice legally without an EHF or SF.
- Built specifically for Iceland — automated rules for Skatturinn compliance.
- Fast, free and transparent — see the exact breakdown before you send.
How the calculation works (2026 example)
| Gross invoice | ISK 1.000.000 |
| Fustle service fee | -ISK 16.900 |
| Mandatory pension (12%) | -ISK 117.972 |
| Income tax & Tryggingagjald | -ISK 442.110 |
| Est. take-home pay | ISK 540.990 |
Note: This is an automated estimate. Your actual net salary can vary depending on your chosen calculated remuneration (Reiknað endurgjald), additional pension funds, and deductible expenses.