The vacation pay supplement, according to the wage agreements of VR is ISK 53,000 in 2022 (for 1. May - 30. April 2021, based on full-time work). The vacation pay supplement shall be paid no later than on 1 June 2022.
The vacation pay supplement is a fixed amount and does not change in line with wage changes or other clauses of wage agreements. The supplement is subject to taxes, union dues and pension premium. Vacation pay is not paid on top of the vacation pay supplement.
You can calculate your vacation pay supplement here.