The government is preparing a new tax on savings. Changes from 2027
Personal investment accounts are to be launched from 2027. The project provides for new tax reliefs, but also a new tax on part of the accumulated assets.
From January 1, 2027, regulations introducing personal investment accounts (OKI) are to come into force. The bill provides tax preferences for people saving and investing, but at the same time assumes the introduction of a new tax on the value of assets accumulated above certain limits.
The project was adopted by the Council of Ministers and submitted to the Sejm. However, it is still waiting for the first reading. At the same time, the Ministry of Finance emphasizes that the new solutions do not mean the abolition of the capital gains tax, i.e. the so-called Belka tax.
Personal investment accounts with exemption limits
The project assumes that every adult person will be able to open at least one personal investment account. Funds accumulated in such accounts are to benefit from tax preferences up to certain limits.
The exemption is to cover investment assets, such as shares, bonds or investment funds, up to a value of PLN 100,000. zloty. In the case of savings assets, including deposits and savings bonds, the limit will be PLN 25,000. zloty.
New tax on assets above the limits
At the same time, the project envisages the introduction of a tax on the value of assets accumulated in OKI accounts above the statutory limits. The tax base is to be the value of assets held in all OKI accounts belonging to the taxpayer.
The tax rate is to depend on the reference rate of the National Bank of Poland. According to the project, it will be 19%. the value of this rate, but it cannot be lower than 0.1%. For 2027, the project indicates a rate of 0.85%.
Belka’s tax will remain
The Ministry of Finance emphasizes that the new regulations will not replace the current capital gains tax. The 19% tax on income from deposits, bonds, dividends and the sale of shares will still apply.
OIC are intended to be only an additional instrument enabling the use of tax preferences within the limits provided for by the Act. Once they are exceeded, a new tax on the value of assets will apply.
