Pensions, taxes, and insurance: the main changes for Ukrainians from the beginning of 2025
6 January 14:04
ANALYSIS
With the start of the new year, Ukrainians have faced a number of important legislative changes that affect various areas of life, from tax changes to pension payments and new rules for entrepreneurs. What innovations are waiting for citizens in 2025 and how these changes will affect our lives, Komersant ukrainskyi analyzed together with attorney-at-law Igor Feshchenko.
The Law on Motor Liability Insurance: Expanding Rights for Victims
One of the main innovations is the Law on Motor Third Party Liability Insurance, which significantly changes the rules for compensation in the event of an accident.
“The new law increases the amount of compensation: compensation for damage to life and health of victims increases from UAH 320,000 to UAH 500,000, and for damage to property – from UAH 160,000 to UAH 250,000,”
– the lawyer noted.
Another important change is that insurance companies now have the right to free pricing when determining the cost of insurance policies. In addition, victims of road accidents will be able to apply to their own insurance company instead of the insurance company of the culprit, which greatly simplifies the process of compensation.
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Military duty increase: new conditions for unified social tax payers
Another important step is the increase in the military fee for single tax payers, which will come into effect on January 1, 2025.
According to the new law, single tax payers will be obliged to pay the military fee and will lose their unified social contribution benefits during martial law. In particular, individual entrepreneurs of the first, second and fourth groups will have to pay the military tax in the amount of 10% of the minimum wage, and for the third group – 1% of the turnover.
“This is an important innovation, as it directly affects the financial burden on entrepreneurs and changes their interaction with tax authorities,”
– emphasized Igor Feshchenko.
Pensions: indexation and additional payments for pensioners
In addition, according to Ukrinform, the state budget plans to index pensions in 2025. This means that in January, pensioners who turn 70, 75, or 80 years old will receive an increase in their payments. Thus, people who turn 70 will receive an additional UAH 300 to their monthly pension, those who turn 75 will receive UAH 456, and those who turn 80 will receive UAH 570. It is important to note that the pension should not exceed UAH 10,340.35 in order for a pensioner to receive an increase.
Also, starting from the new year, the requirements for the length of service for retirement by age will increase. According to the new rules, in order to retire at the age of 60, it will be mandatory to have at least 32 years of work experience for both men and women. These changes are regulated by the Law of Ukraine “On Compulsory State Pension Insurance” (Article 26).
New realities
Thus, since the beginning of 2025, Ukrainians have witnessed significant changes in the field of legislation related to insurance, tax and financial policy, social and pension benefits. For drivers, this means greater financial security, for entrepreneurs – new tax obligations, for some pensioners – increased pensions, and for all citizens – adjustments in the payment of taxes and fees.
“These changes are part of a broader strategy to adapt legislation to new economic and social realities. Experience shows that it is important to be prepared for such transformations, as they directly affect the lives of every Ukrainian,”
– summarized the lawyer Igor Feshchenko.
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Author: Darina Glushchenko
