Children's pension is approximately ISK 18,000 per month, and is paid until the child reaches the age of 20 years.
Children and adopted children of a deceased or disabled fund member are entitled to children´s pension. Foster children and step-children also receive pension if the fund member largely or fully supported them.
Children's pension is paid to the supporter of the child. After the child reaches 16 years of age, the supporter can reduce income tax on children's pension by using the child's tax card.