diff --git a/libs/application/templates/social-insurance-administration/income-plan/src/forms/IncomePlanForm.ts b/libs/application/templates/social-insurance-administration/income-plan/src/forms/IncomePlanForm.ts
index c3edada2df90..8020c80820d1 100644
--- a/libs/application/templates/social-insurance-administration/income-plan/src/forms/IncomePlanForm.ts
+++ b/libs/application/templates/social-insurance-administration/income-plan/src/forms/IncomePlanForm.ts
@@ -11,7 +11,12 @@ import {
 import Logo from '@island.is/application/templates/social-insurance-administration-core/assets/Logo'
 import { socialInsuranceAdministrationMessage } from '@island.is/application/templates/social-insurance-administration-core/lib/messages'
 import { getCurrencies } from '@island.is/application/templates/social-insurance-administration-core/lib/socialInsuranceAdministrationUtils'
-import { DefaultEvents, Form, FormModes } from '@island.is/application/types'
+import {
+  Application,
+  DefaultEvents,
+  Form,
+  FormModes,
+} from '@island.is/application/types'
 import { formatCurrencyWithoutSuffix } from '@island.is/application/ui-components'
 import { buildFormConclusionSection } from '@island.is/application/ui-forms'
 import isEmpty from 'lodash/isEmpty'
@@ -59,7 +64,22 @@ export const IncomePlanForm: Form = buildForm({
             buildTableRepeaterField({
               id: 'incomePlanTable',
               title: incomePlanFormMessage.info.section,
-              description: incomePlanFormMessage.incomePlan.description,
+              description: (application: Application) => {
+                const { incomePlanConditions, latestIncomePlan } =
+                  getApplicationExternalData(application.externalData)
+                const hasLatestIncomePlan = !isEmpty(latestIncomePlan)
+                const baseMessage = hasLatestIncomePlan
+                  ? incomePlanFormMessage.incomePlan
+                      .currentIncomePlanDescription
+                  : incomePlanFormMessage.incomePlan.description
+
+                return {
+                  ...baseMessage,
+                  values: {
+                    incomePlanYear: incomePlanConditions.incomePlanYear,
+                  },
+                }
+              },
               formTitle: incomePlanFormMessage.incomePlan.registerIncome,
               addItemButtonText: incomePlanFormMessage.incomePlan.addIncome,
               saveItemButtonText: incomePlanFormMessage.incomePlan.saveIncome,
diff --git a/libs/application/templates/social-insurance-administration/income-plan/src/lib/messages.ts b/libs/application/templates/social-insurance-administration/income-plan/src/lib/messages.ts
index 4de6e4fede2d..1fd0c4c269c2 100644
--- a/libs/application/templates/social-insurance-administration/income-plan/src/lib/messages.ts
+++ b/libs/application/templates/social-insurance-administration/income-plan/src/lib/messages.ts
@@ -143,7 +143,13 @@ export const incomePlanFormMessage: MessageDir = {
     description: {
       id: 'ip.application:income.plan.description',
       defaultMessage:
-        'Hér er tillaga að tekjuáætlun. Upplýsingar um launatekjur eru fengnar úr staðgreiðsluskrá og fjármagnstekjur eru sóttar í nýjasta skattframtal. Þú getur breytt upphæðum, fjarlægt tekjur og/eða bætt við tekjum sem ekki er búið að setja inn. Tekjur á ári eru sýndar í þeim gjaldmiðli sem þær voru greiddar í.',
+        'Hér er tillaga að tekjuáætlun fyrir árið {incomePlanYear}. Upplýsingar um launatekjur eru fengnar úr staðgreiðsluskrá og fjármagnstekjur eru sóttar í nýjasta skattframtal. Þú getur breytt upphæðum, fjarlægt tekjur og/eða bætt við tekjum sem ekki er búið að setja inn. Tekjur á ári eru sýndar í þeim gjaldmiðli sem þær voru greiddar í.',
+      description: 'english translation',
+    },
+    currentIncomePlanDescription: {
+      id: 'ip.application:income.plan.current.income.plandescription',
+      defaultMessage:
+        'Hér fyrir neðan er sú tekjuáætlun sem nú er í gildi fyrir árið {incomePlanYear}. Hér getur þú breytt upphæðum, fjarlægt tekjur og/eða bætt við tekjum sem ekki er búið að setja inn.',
       description: 'english translation',
     },
     registerIncome: {