Grant Amount and Allocation
The grant amount is based on a deposit into the fund between January 1 and December 31, but the employer pays 1.5% of the standard salary into the Science Fund. Members who have had their fee paid into the Science Fund are allocated from the fund during the period of January to February each year. Members do not need to apply separately for an allocation from the Science Fund and receive a notification by email when payment has been made.
A grant from a Science Fund is pre-registered on the beneficiary's tax return and is declared for tax purposes like any other income. If members have payment receipts, which the tax considers valid as expenses against the grant, they must be returned with the tax return. Otherwise, full income tax is paid for the grant. Information on which payment receipts Skatturinn - the tax authorities - accepts as costs against grants can be found on the Skatturinn website.
Information and Assistance
If you still have questions that have not been answered here above, we encourage you to contact the office of Fræðagarður.
You can submit an enquiry, for example regarding allocation from the fund.
You can also create a formal service request that automatically goes into our case file system, for example for complex or sensitive cases.
Finally, you can book a call with a specialist, if you think it is more appropriate.
Fræðagarður service office is located at Borgartún 6 (same building as BHM). It's open every workday from 9:00 to 12:00 and from 13:00 to 16:00. The phone number is 595 5165.