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Minimum wage and payroll indicators for 2020
Federal minimum wage, subsistence minimum, social contribution cap, sole proprietor contributions and the Bank of Russia key rate, with dates and legal acts.
Values for 2020
as of 31 December 2020
Minimum wage (federal)
12 130 ₽
effective from 01.01.2020
Subsistence minimum for the working-age population
12 542 ₽
effective from 01.07.2020
Subsistence minimum per capita
11 606 ₽
effective from 01.07.2020
Social contributions cap
1 292 000 ₽
effective from 01.01.2020
Fixed contributions of sole proprietors
40 874 ₽
effective from 01.01.2020
Bank of Russia key rate
4,25 %
effective from 27.07.2020
Indicators for 2020
| Indicator | Value | Change | Effective from | Grounds |
|---|---|---|---|---|
| Minimum wage (federal) | 12 130 ₽ | — | 01.01.2020 | Федеральный закон от 27.12.2019 № 463-ФЗ |
| Subsistence minimum per capita For Q1 2020 (set quarterly until 2021) | 10 843 ₽ | — | 01.01.2020 | Приказ Минтруда России от 25.06.2020 № 372н |
| Subsistence minimum per capita For Q2 2020 (set quarterly until 2021) | 11 468 ₽ | +625 ₽ +5,8 % | 01.04.2020 | Приказ Минтруда России от 28.08.2020 № 542н |
| Subsistence minimum per capita For Q3 2020 (set quarterly until 2021) | 11 606 ₽ | +138 ₽ +1,2 % | 01.07.2020 | Приказ Минтруда России о величине за III квартал 2020 года (вступил в силу 06.02.2021) |
| Subsistence minimum for the working-age population For Q1 2020 (set quarterly until 2021) | 11 731 ₽ | — | 01.01.2020 | Приказ Минтруда России от 25.06.2020 № 372н |
| Subsistence minimum for the working-age population For Q2 2020 (set quarterly until 2021) | 12 392 ₽ | +661 ₽ +5,6 % | 01.04.2020 | Приказ Минтруда России от 28.08.2020 № 542н |
| Subsistence minimum for the working-age population For Q3 2020 (set quarterly until 2021) | 12 542 ₽ | +150 ₽ +1,2 % | 01.07.2020 | Приказ Минтруда России о величине за III квартал 2020 года (вступил в силу 06.02.2021) |
| Subsistence minimum for pensioners For Q1 2020 (set quarterly until 2021) | 8 944 ₽ | — | 01.01.2020 | Приказ Минтруда России от 25.06.2020 № 372н |
| Subsistence minimum for pensioners For Q2 2020 (set quarterly until 2021) | 9 422 ₽ | +478 ₽ +5,3 % | 01.04.2020 | Приказ Минтруда России от 28.08.2020 № 542н |
| Subsistence minimum for pensioners For Q3 2020 (set quarterly until 2021) | 9 512 ₽ | +90 ₽ +1,0 % | 01.07.2020 | Приказ Минтруда России о величине за III квартал 2020 года (вступил в силу 06.02.2021) |
| Subsistence minimum for children For Q1 2020 (set quarterly until 2021) | 10 721 ₽ | — | 01.01.2020 | Приказ Минтруда России от 25.06.2020 № 372н |
| Subsistence minimum for children For Q2 2020 (set quarterly until 2021) | 11 423 ₽ | +702 ₽ +6,5 % | 01.04.2020 | Приказ Минтруда России от 28.08.2020 № 542н |
| Subsistence minimum for children For Q3 2020 (set quarterly until 2021) | 11 580 ₽ | +157 ₽ +1,4 % | 01.07.2020 | Приказ Минтруда России о величине за III квартал 2020 года (вступил в силу 06.02.2021) |
| Pension contribution cap (until 2023) Above the cap pension contributions are 10% | 1 292 000 ₽ | — | 01.01.2020 | Постановление Правительства РФ от 06.11.2019 № 1407 |
| Sickness and maternity contribution cap (until 2023) No sickness and maternity contributions above the cap | 912 000 ₽ | — | 01.01.2020 | Постановление Правительства РФ от 06.11.2019 № 1407 |
| Fixed contributions of sole proprietors Pension RUB 32,448 + medical RUB 8,426; plus 1% of income above RUB 300,000, capped at RUB 259,584 | 40 874 ₽ | — | 01.01.2020 | Пп. 1 п. 1 ст. 430 НК РФ |
| Bank of Russia key rate In effect on 1 January 2020 | 6,25 % | — | 16.12.2019 | Решение Совета директоров Банка России от 13.12.2019 |
| Bank of Russia key rate | 6 % | −0,25 pp | 10.02.2020 | Решение Совета директоров Банка России от 07.02.2020 |
| Bank of Russia key rate | 5,5 % | −0,5 pp | 27.04.2020 | Решение Совета директоров Банка России от 24.04.2020 |
| Bank of Russia key rate | 4,5 % | −1 pp | 22.06.2020 | Решение Совета директоров Банка России от 19.06.2020 |
| Bank of Russia key rate Record low; kept until 21 March 2021 | 4,25 % | −0,25 pp | 27.07.2020 | Решение Совета директоров Банка России от 24.07.2020 |
Minimum wage by year
Federal minimum wage at year end (current value for this year) and growth on the previous year.
- 2020 12 130 ₽ —
- 2021 12 792 ₽ +5,5 %
- 2022 15 279 ₽ +19,4 %
- 2023 16 242 ₽ +6,3 %
- 2024 19 242 ₽ +18,5 %
- 2025 22 440 ₽ +16,6 %
- 2026 27 093 ₽ +20,7 %
In 2022 the minimum wage was raised twice: RUB 13,890 from 1 January and RUB 15,279 from 1 June.
A region may set a higher minimum wage, and regional subsistence minimums differ from the national one. Check the values for your region before calculating.
