Home > Salary > Iceland > Trust Administrator
A trust administrator is responsible for managing and overseeing the administration of trusts on behalf of beneficiaries. They ensure that the terms of the trust are followed, assets are properly managed, and distributions are made according to the trust's instructions. Trust administrators handle various tasks such as record-keeping, tax compliance, investment management, and communication with beneficiaries and other stakeholders. They work closely with attorneys, accountants, and financial advisors to ensure that the trust's objectives are met and legal requirements are fulfilled.
Estimated Yearly Salary: 11,375,561 ISK
Estimated Monthly Salary: 947,963 ISK
Estimated Weekly Salary: 218,761 ISK per week
Estimated Hourly Salary: 5,469 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 912,709 ISK
Estimated Weekly Salary: 210,625 ISK per week
Estimated Hourly Salary: 5,266 ISK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 79,230 USD
Estimated Monthly Salary: 6,603 USD
Estimated Weekly Salary: 1,524 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 11,375,561 ISK
Estimated Monthly Salary: 947,963 ISK
Estimated Weekly Salary: 218,761 ISK per week
Estimated Hourly Salary: 5,469 ISK per hour
By working as Trust Administrator a person can save up to 3,874 USD per month or 46,484 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Trust Administrator
Last revision of data: 2025-01-04
Data as of 2025
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Trust Administrator salary in Iceland
Average Yearly Salary of Trust Administrator in Iceland is approximately 11,375,561 ISK (79,230 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Trust Administrator do?
A trust administrator is responsible for managing and overseeing the administration of trusts on behalf of beneficiaries. They ensure that the terms of the trust are followed, assets are properly managed, and distributions are made according to the trust's instructions. Trust administrators handle various tasks such as record-keeping, tax compliance, investment management, and communication with beneficiaries and other stakeholders. They work closely with attorneys, accountants, and financial advisors to ensure that the trust's objectives are met and legal requirements are fulfilled.
Skills: trust administration, asset management, beneficiary communication, tax compliance, investment management, record-keeping
Job industry: Finance
Job industry: Finance
How much does Trust Administrator make?
Salary details
How much does Trust Administrator make?Estimated Yearly Salary: 11,375,561 ISK
Estimated Monthly Salary: 947,963 ISK
Estimated Weekly Salary: 218,761 ISK per week
Estimated Hourly Salary: 5,469 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,952,513 ISKEstimated Monthly Salary: 912,709 ISK
Estimated Weekly Salary: 210,625 ISK per week
Estimated Hourly Salary: 5,266 ISK per hour
Last revision of data: 2024-01-07Trust Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 79,230 USD
Estimated Monthly Salary: 6,603 USD
Estimated Weekly Salary: 1,524 USD per week
Estimated Hourly Salary: 38 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Trust Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Trust Administrator in Iceland earns on average:
1.27 times the average salary (or 127% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Trust Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Trust Administrator in Iceland earns on average:
1.27 times the average salary (or 127% of average salary).
Is Trust Administrator a well paid job?
Yes, our data shows that Trust Administrator is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Trust Administrator?
High salary for Trust Administrator would be somewhere between 12,513,117 ISK and 16,494,563 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Trust Administrator in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 11,375,561 ISK
Estimated Monthly Salary: 947,963 ISK
Estimated Weekly Salary: 218,761 ISK per week
Estimated Hourly Salary: 5,469 ISK per hour
By working as Trust Administrator a person can save up to 3,874 USD per month or 46,484 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Trust Administrator
Norway is 111,013 USD
United Kingdom is 52,058 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
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4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
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Data as of 2025Random salary:
Board operator (4,678,674 ISK per year, pre-tax.)
Lot tech automobile dealerrental (3,479,555 ISK per year, pre-tax.)
Consultant public relations (17,438,850 ISK per year, pre-tax.)
Sales specialist food products (9,218,328 ISK per year, pre-tax.)
Stewardnight cleaner (3,479,555 ISK per year, pre-tax.)
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Salary data displayed on this site is for reference only. Our figures are compiled various inputs, but we do not guarantee absolute correctness. Users should always verify salary details with official resources before making financial decisions. Salaries fluctuate due to individual experience, market demand, and employer policies. We make no warranties about the validity of the provided salary data. By navigating this site, you acknowledge these limitations.