Additional income support for families with children
Measure
Cash transfer
Eligibility
All families with children aged under 18
Type
Cash (social assistance)
Start / Announced Date
21/03/2020 (paid on 01/06/2020)
End Date
N/A
Amount
For parents with an average monthly income below ISK 927,000: ISK 40,000 per child
For parents with higher income: ISK 20,000 per child
Total Cost
N/A
Recipients
Parents
Route to the child
Indirect
Sources
Stjórnarráð Íslands (2020) Icelandic Government announces 1.6bn USD response package to the COVID-19 crisis. Available at: https://web.archive.org/web/20221121160438/https://www.stjornarradid.is/efst-a-baugi/frettir/stok-frett/?NewsId=afa0d410-6b79-11ea-9462-005056bc4d74