Trust Officer salary in Iceland

Average Yearly Salary of Trust Officer in Iceland is approximately 14,038,907 ISK (98,674 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 Officer do?

A trust officer is a financial professional who specializes in managing trusts for individuals or organizations. They are responsible for administering and overseeing the assets and investments held in trust, ensuring compliance with legal and regulatory requirements, and acting as a liaison between beneficiaries and trustees. Trust officers work closely with clients to understand their financial goals and objectives, providing advice and guidance on trust structures and investment strategies. They also handle administrative tasks such as preparing account statements, managing tax filings, and coordinating with legal professionals. Trust officers must possess strong analytical and problem-solving skills, as well as excellent interpersonal and communication abilities to build and maintain relationships with clients and beneficiaries.

Skills: Trust Officer, Financial Management, Trust Administration, Investment Management, Estate Planning, Client Relationship Management
Job industry: Finance

How much does Trust Officer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Trust Officer a well paid job?

Yes, our data shows that Trust Officer 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 Officer?

High salary for Trust Officer would be somewhere between 15,442,798 ISK and 20,356,415 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Trust Officer 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: 14,038,907 ISK
Estimated Monthly Salary: 1,169,909 ISK
Estimated Weekly Salary: 269,979 ISK per week
Estimated Hourly Salary: 6,749 ISK per hour
By working as Trust Officer a person can save up to 5,494 USD per month or 65,928 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 Officer

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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