PL: limits for 3rd pillar retirement pension
Table shows annual limits for polish individual retirement pension (IKE) and individual retirement protection (IKZE) accounts, which are both an elements of the voluntary 3rd pillar retirement pension system in Poland. Included both actual and historical data.

Polish retirement pension limits IKE/IKZE

YearIndividual Retirement Pension (IKE)
[PLN]
Individual Retirement Protection (IKZE)
[PLN]
2017
12 789
5 115,60
2016
12 165
4 866,00
2015
11 877
4 750,80
2014
11 238
4 495,20
2013
11 139
4 231,20
2012
10 578
4 030,80
2011
10 077
-
2010
9 579
-
2009
9 579
-
2008
4 055
-
2007
3 697
-
2006
3 521
-
2005
3 635
-
2004
3 435
-

Some facts

  • Individual Retirement Pension (polish: IKE) and Individual Retirement Protection accounts are both elements of the voluntary 3rd pillar retirement pension in Poland.
  • Both IKE and IKZE allow you to save money for your extra state pension independent on lower pillars (ZUS, OFE).
  • IKE and IKZE give you some extra privileges, which are unavailable when standard ways of saving money are used (e.g. standard deposits). The most important benefits are summarized below.
    • In case of Individual Retirement Pension (polish: IKE):
      • you don't need to pay capital gains tax.
    • In case of Individual Retirement Protection account(polish: IKZE):
      • as above - you don't need to pay capital gains tax,
      • you can deduct payments made to IKZE account from the tax base, thereby reducing your total tax in given tax year.
  • To prevent possible misuses, such as using IKE or IKZE accounts for other purposes than saving for retirement, both type of accounts have some restrictions. The most important of these are summarized below.
    • In case of Individual Retirement Pension account (polish: IKE):
      • payments are limited to three times the forecasted average salary for a given year,
      • if you payout your moeny before you're 65 y.o. you need to pay capital gains tax from your income (19% in 2017 year).
    • In case of Individual Retirement Protection account (polish: IKZE):
      • payments are limited to 1,2 times the forecasted average salary for a given year,
      • if you payout money before you're 65 y.o., you need to pay capital gains tax from your income (19% in 2017 year),
      • if you payout money after you're 65 y.o. you need to pay 10% of personal income tax (PIT) on the total payed out amount.

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