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New OKI account. Expert: Relief may disappoint.
The government is introducing a Personal Investment Account (OKI), which will enable investors to allocate up to 100,000 złoty without incurring capital gains tax. As highlighted by Jarosław Sadowski, chief analyst at Rankomat.pl, this may not be as advantageous for many Poles as it initially appears.
The new OKI account is expected to be available starting in 2026. The government asserts that it will be a voluntary option permitting tax-exempt Belka investments of up to PLN 100,000. However, not all saving methods will be regarded equally.
Sadowski: This might be underwhelming
– Many Poles may find it disappointing that for deposits and treasury bonds, the limit under the OKI will be set at PLN 25,000, not PLN 100,000 – remarks Jarosław Sadowski, chief analyst at Rankomat.pl.
The remaining PLN 75,000 can only be invested tax-free in higher-risk assets, such as stocks, investment funds, or ETFs.
– In fact, the majority of Poles tend to favor safer saving options – adds Sadowski.
Tax relief level based on the Expander amountSecure saving with a cap
The expert calculates that if an individual possesses PLN 100,000 and prefers not to invest in the capital market, they will only be able to utilize the tax relief to a limited degree.
„In such a scenario, the tax relief would amount to just PLN 237.50, assuming an annual deposit yielding a 5% interest rate. If the entire PLN 100,000 could be deposited into the OKI, the relief would total PLN 950,” he explains. This results in a significant difference of PLN 712.50.
Read more: Up to 100,000 PLN tax-free. Minister’s announcement >>>
OKI framework
With the OKI, it will be feasible to invest in assets listed on a regulated market or introduced to an alternative trading platform, along with investment funds (including shares, bonds, ETFs, and others).
Within the savings section of OKI, individuals will be able to open deposits and subscribe to savings bonds (up to PLN 25,000 in savings value, exempt from tax).
Domański indicated that IT development for OKI could take at least six months, and the anticipated launch date for OKI is mid-2026.
OKI accounts will be managed by financial institutions that currently oversee IKE and IKZE, such as brokerage firms or banks.
