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2.3.1ÌýÌýÌýÌý Pension provision

Pension provision has traditionally been the role of the state in Poland. However, in line with most European countries Poland is encouraging citizens to build up pension savings. In order to do this, it has established different types of private insurance based pension schemes with differing tax relief regimes.

IKE – individual Old Age Pension Account

Contributions to an IKE are made from taxed income. The funds are exempt from Polish Capital Gains tax and from future income tax when withdrawals are made. The maximum annual contribution is PLN 23,472 for 2024 (PLN 20,805 for 2023). It does not form part of payroll withholding.

IKZE – individual Retirement Security Account

Contributions may be deducted from taxable income to give relief at the time the contribution is made, but any withdrawals from the account are subject to tax. The tax relief is arranged via the annual tax return and is not actioned via the payroll calculation. The maximum contribution is set as 4% of the upper earnings limit for ZUS contributions ie 4% × PLN 260,190 =