A full holiday bonus 2021 for employees at private companies (SA), the state, nursing homes and Reykjavík city is 52.000 ISK and is paid on 1 June each year. A full holiday bonus 2021 for employees of Hveragerði, Kópavogur, Seltjarnarnes, Mosfellsbær and the Ölfus municipality is 51.700 ISK and the holiday bonus should have been paid on 1st of May.
Those who have been employed full-time during the vacation year, 1 May – 30 April each year, are entitled to the full holiday bonus. Alternatively, the bonus is paid in proportion to the employment proportion and length of work. The holiday bonus is a fixed amount; holiday allowance is not added. Holiday bonuses are to be settled on termination of employment.