Investments for everyone. What the draft law on personal investment accounts offers

On 17 December, the Ukraine Crisis Media Center hosted a presentation of the draft Law of Ukraine No. 14296 “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding Mechanisms for Encouraging Individual Investment and Supporting National Issuers” by the NSSMC on personal investment accounts (PIAs).

The speakers at the event were the initiator of the draft law, Taras Tarasenko, Member of Parliament of Ukraine of the IX convocation, and Ruslan Magomedov, Chairman of the NSSMC.

During the discussion, Taras Tarasenko emphasized the importance of creating understandable investment tools for citizens, particularly for military personnel and veterans, for whom financial stability is a key condition for adaptation and recovery after military service.

“All personnel who are discharged from military service emphasize that the first thing they need is financial stability. It allows them not to look for a job immediately after demobilization, to have time to recover, and to provide for their families. That is why it is extremely important to create tools that allow them to save money and invest it even while serving. The introduction of personal investment accounts could be an effective way for military personnel and veterans to invest in the economy and build their own financial future,” said Taras Tarasenko.

Ruslan Magomedov confirmed this position and noted that the idea of the PIA arose from the real demand of Ukrainians for a simple, understandable, and reliable investment tool that would generate passive income.

The mechanics of the PIA are very simple: a person deposits funds into an account for five years and invests them in domestic securities. If the funds remain in the account for the entire period, all profits are tax-free. In the event of early withdrawal, standard taxation rules will apply.

“Each citizen is allowed to have only one active personal investment account. It can be topped up throughout the entire five-year period. The annual contribution limit is tied to the minimum wage and currently stands at up to UAH 2.4 million per year. At the same time, this does not mean that funds are “frozen” in a single instrument — there is no limit on the number of securities purchase and sale transactions in the account,” said Ruslan Magomedov.

The Chairman of the NSSMC emphasized that PIAs are suitable for both long-term investors and those who choose an active investment strategy with regular reinvestment.

“We plan to make all domestic securities — both government and corporate — available through personal investment accounts. These may include shares and bonds of state-owned and private companies, as well as local government bonds,” Ruslan Magomedov said.

The launch of the PIA has a strategic goal — to create a long-term investment resource in Ukraine that businesses can use to develop, scale, and boost the competitiveness of the economy.

“Personal investment accounts are a tool that shapes the culture of investing and allows citizens to become full participants in the country’s economic growth, while enabling the state to raise revenue for the budget,” summed up the Chairman of the NSSMC.

In conclusion, Ruslan Magomedov noted that his goal for 2026 is to ensure the launch of the law and the creation of a market where Ukrainian companies with high capitalization will appear, because without a developed securities market, economic recovery and growth are impossible.

Presentation materials on the draft law, as well as additional reference information, can be found by following the links.