Spain Approves Pension, IMV Hikes Up To 11.4% for 2026

The government has approved increases for minimum pensions, non-contributory pensions, and the Minimum Living Income (IMV) for 2026. Elma Saiz, the Minister of Social Security and the new government spokesperson, announced these expected changes. Many people, especially residents of Tenerife, had been keen to hear about these increases since the announcement of rises for regular pensions.

This decision was made at the final government meeting of 2025. Other important plans approved at the same time included introducing a single transport pass across Spain and providing support to encourage public transport use.

Specifically, the government has approved a 7% rise for minimum pensions. Non-contributory pensions and the Minimum Living Income (IMV) will see an even larger increase of 11.4%. Regular pensions, which are linked to contributions, will also go up by 2.7%, based on the annual inflation rate.

Overall, these changes mean 13 million pension payments have increased, benefiting over 11 million Spaniards. Looking back at 2025, the IMV supported more than 2.3 million people in 764,905 households, according to Social Security figures. The number of people receiving this benefit grew significantly last year.

Meanwhile, non-contributory pensions, which are for individuals who haven't paid enough into the social security system (for retirement) or have a disability and limited income, help nearly half a million Spaniards. In 2025, these pensions amounted to 7,905.80 euros per year, paid in 14 installments of 564.70 euros per month.

People will start to see these higher payments in their bank accounts with the next pension payment, either at the end of December or early January.