Additional money for millions of Poles. Check if you have a chance to transfer

Until April 15 participants Employee Capital Plans (PPK) will receive an annual subsidy in the amount PLN 240. The program, which has been operating since 2019, supports long -term saving for retirement, providing payments from an employee, employer and state. Within five years, the state budget was allocated to this purpose PLN 1.5 billion.

Who will get an annual subsidy to PPK?

Surcharge from the state in the amount PLN 240 will go to saving accounts to April 15. The condition for receiving funds is the meeting at least PLN 890.82 on the PPK account in the previous year. People who use a reduced basic premium must have their account minimum PLN 222.71.

The current account balance can be checked on the website MojePPKwhich enables the preview of the accumulated funds and charged subsidies. The program is successively gaining popularity – by the end of 2024 the number of participants exceeded 3.7 million people.

Is it possible to withdraw funds from PPK in advance?

PPK is a voluntary program and the saving can give up it at any time. However, it should be remembered that earlier payment of funds before completion 60 years of age it involves certain consequences:

• The saving will recover his payments and 70 percent funds paid by the employer.

• 30 percent funds from the employer will be transferred to ZUS.
• State subsidies will be lost.

• It will be hit from the profits 19 % Belka tax.

How much can you earn on saving at PPK?

The Polish Development Fund has published statistics on profits from employee capital plans. People who participate in the program since its start in 2019 can count on the increase in accumulated funds even about over 100 percent.

The total amount accumulated in PPK by Poles has already exceeded PLN 30 billion. The calculations show that the person who began to postpone in December 2019 could achieve profit from 126 to 158 percent assuming that her gross salary was PLN 5,300 until the end of 2023, and from January 2024 increased to 7 thousand PLN gross.

PPK – a chance for additional savings for retirement

Employee capital plans are one of the tools that allows for systematic saving for the future. State subsidies, payments from the employer and the profits generated make the program enjoying more and more interest.

It is worth remembering that giving up PPK means the loss of some of the accumulated funds. Therefore, people planning to withdraw money should carefully analyze the benefits and possible tax consequences.