Pay at the School of Work

In the month after they turn 16, students pay into a pension fund. The Brú fund is the one they pay into.

The School of Work will pay students on August 1 and September 1, 2024.

• August 1 payment covers June 10 to July 10.
• September 1 payment covers July 11 to August 13.

Pay slips are only available on Ísland.is under "My Pages" and not in online banks as before. You can access the slips with an electronic ID or IceKey.

If students do not have an electronic ID, they can request an IceKey at https://innskraning.island.is/order.aspx 

Vacation pay is 10.17% and is paid on all hourly work. Vacation pay is included with wages.

In the year when young people turn 16, they begin to pay taxes, but like other wage earners, they have the right to personal tax credit, which is 64,926 kr. a month in 2024. This amount is enough to cover the taxes the young people would otherwise pay from their wages at the School of Work.

The Reykjavík School of Work recommends all 16-year-old students use their personal tax credit. Note that for students eligible for personal tax credit, it will be applied unless an email is sent to launaafgreidsla@reykjavik.is explaining the decision not to use it.

If students pay taxes they shouldn't have to, they can apply for a refund from the Director of Internal Revenue starting on October 1.

• Learn more about tax repayment.

Students do not earn the right to sick leave. Therefore, sick days are not paid and cannot be made up later.

You can request time off from work during the work period.

While it is possible to take leave from work, students do not have the option of making up for lost work time later. Parents are urged to inform the relevant instructor in advance about absences.

• Parents and students are responsible for verifying in a timely manner whether the wages have been accurately recorded.
• If you believe working time to be missing, you must immediately contact the School's office.
• Instructors ask students to confirm the hours worked during the pay period by signing a time card. It’s beneficial for students to keep track of their attendance and regularly record it.
• If too much time has passed since the payout, it might prove difficult to verify missing hours.