Small handbook-type reference guide with a mind map for the 2025 BDCP

If you're self-employed, an employer, an accountant or just want to know how this will affect your wallet - this information is for you.

We compare the main points of the 2025 PSA Budget Act against 2024 so it is clear what is changing and why it matters.

1. Minimum and maximum insurable income (Article 9)
"More you pay in, more you get out?"

• Minimum social security income for the self-employed:

  • 2024: BGN 933

  • 2025 (January-March): £933

  • 2025 (April-December): £1,077

• Maximum insurable income:

  • 2024: 3750 BGN

  • 2025 (January-March): £3,750

  • 2025 (April - December): £4130

From April, both the minimum and the maximum income on which contributions are payable will increase. This could mean higher contributions, but also higher protection and a pension.

2. Contributions for accidents at work (Art. 14)
"Businesses beware!"

• 2024: One application for the whole year

• 2025: Two separate applications:

• One for the first quarter

• Another for the rest of the year

Requires more precise monitoring, especially for seasonal activities.

3. Childcare allowance (Art. 12)

• No change: £780/month for 2024 and 2025

Stable support for families.

4. Lump sum death grant (Art. 13)

• No change: £540

5. Minimum pension (art. 10)

• 2024 (July-December): BGN 580.57

• 2025 (January to June): £580.57

• 2025 (July - December): £630.50

Mid-year increase expected.

6. Unemployment benefit (Art. 11)

• Minimum: 18 BGN/day

• Maximum: 107,14 BGN/day

• No changes in values, but you may be entitled to more if your income changes.

7. No contributions to the Guaranteed Claims Fund (Article 15)

• For employers: no contributions to this fund in 2025

Financial relief.

8. Pension cap and supplements (§4)

• Maximum pension (without supplements): £3,400

• Supplements are calculated on this amount

Final conclusions:

• The COLA Act 2025 proposes:

  • Higher pensions

  • More security of insurance

  • Some flexibility for businesses

• Contributions are increasing, but this is accompanied by real improvements in the system.

What to do now?

• Self:

  • Plan for changes to your minimum income now.

• Employers:

• Check out the new Annex 2A and how it applies to your business.

The comparative text and mind map was prepared by AccDox- a "handbook"-type article that explains taxes and numbers in human language, with the goal of making them easily understandable and accessible to everyone. If I think of anything extra or find omissions or inaccuracies, I'll add them, and if you spot anything important, feel free to share in the comments below.