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State support programs for young families in Ukraine

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Oleksandr
Oleksandr
Accountant/Auditor
Ukraine / Chernivtsi

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Publication date: 05.06.2024

State support programs for young families in Ukraine


Introduction


Support of young families is one of the priority areas of social policy in Ukraine. The government has developed a number of programs aimed at improving housing conditions, reducing the tax burden and financial assistance at the birth of a child. These initiatives are designed to raise the standard of living of young families and contribute to demographic growth in the country.


Housing subsidies for young families


One of the key areas of state support for young families is the provision of housing subsidies. The subsidy program provides partial or full coverage of the costs of paying for utility services for families that meet the established criteria. Young families living in their own or rented housing can apply to the social security authorities for a subsidy.
The main conditions for receiving a subsidy for a young family:

-The total income of the family (wages, pensions, social benefits, etc.) does not exceed the established threshold.

-The total area of ​​the dwelling does not exceed the specified standards.  

- Absence of arrears for the payment of utility services.  
The size of the subsidy is calculated individually on the basis of family income, the cost of communal services and established social standards. This assistance allows young families to significantly save on housing and communal payments.


Tax benefits for young families


To support young families in Ukraine, a system of tax benefits is also provided. These measures are aimed at reducing the tax burden and increasing family budget income.The main tax benefits for young families:

-Increasing the size of the tax social benefit when paying personal income tax. Young families can receive an increased benefit for each child.

-Exemption from paying personal income tax upon receipt of one-time child birth allowance.

-Decreasing the payment of a single social contribution for individual entrepreneurs from among young families.

-Granting benefits for the payment of land tax and real estate tax for young families who have purchased their own housing.
These tax benefits allow young families to reduce the financial burden and direct the freed funds to the needs of the family.


One-time assistance at the birth of a child


An important component of supporting young families in Ukraine is the provision of one-time assistance at the birth of a child. This payment is made at the expense of the state budget and is intended to cover the costs associated with the appearance of a new family member.
The amount of child birth allowance in 2023 is:
for the first child - UAH 52,000;
for the second child - UAH 69,000;
for the third and each subsequent child - UAH 86,000.
To receive help, parents must contact the social security authorities at their place of residence, providing the necessary package of documents. This financial support is a strong incentive for young families to have children.


Conclusion


State programs to support young families in Ukraine cover a wide range of measures aimed at improving their well-being and stimulating birth rates.The provision of housing subsidies, tax benefits and assistance at the birth of a child create favorable conditions for the formation and development of young families. These initiatives are an important step in implementing an effective family policy and ensuring the well-being of Ukrainian citizens.


You may be interested in articles on the topic: appointment of a subsidy, how to apply for a subsidy, payment upon the birth of a third child

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