A full holiday bonus 2022 for employees at private companies (SA), the state, nursing homes, Reykjavík city and other municipalities is 53.000 ISK and is paid on 1 June each year. 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.
Here you can read more about holiday bonuses depending on where you work:
The state, nursing homes and Reykjavík city