The increase in the minimum wage from the new year will affect not only employees' incomes, but also the amount of mandatory and voluntary insurance contributions. The relevant changes have already been enshrined in legislation and will come into force on January 1, 2026.
According to the adopted law on the state budget, the minimum wage in Ukraine from the beginning of 2026 will be 8,647 hryvnias. In this regard, all payments and accruals, the amount of which is tied to this indicator, will automatically change.
First of all, it concerns the minimum insurance contribution. The rate of the single social contribution remains unchanged and is 22% of the minimum wage. This formula is used to determine the amount required to count a full month of insurance experience.
Thus, in 2026, the minimum insurance premium will be 1,902.34 hryvnia per month. Payment of an amount not lower than this level allows the corresponding month to be counted towards the insurance period in full.
The Pension Fund emphasizes that the minimum insurance contribution is an estimated amount. It is determined by multiplying the minimum wage established by law by a fixed contribution rate of 22%, without any additional coefficients.
It is separately noted that citizens who have already concluded agreements on voluntary participation in the system of mandatory state pension insurance do not need to re-conclude them. All existing agreements are automatically extended until December 31, 2026, including in the case of payment of contributions in electronic format through the Pension Fund's web portal.
Therefore, the increase in the minimum wage will directly affect the cost of insurance experience for those who voluntarily pay contributions or plan to “buy in” experience. For many Ukrainians, this means an additional financial burden, but at the same time, preserving the right to a full pension in the future.
