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OKI. Personal Investment Account. Up to PLN 100,000 tax-free. Announcement by the Minister of Finance.
The government has revealed plans for a new savings account (OKI). The funds saved in this account will be free from capital gains tax up to PLN 100,000. Finance and Economy Minister Andrzej Domański announced that this program is expected to begin in mid-2026. As per the estimates from the Ministry of Finance, OKI could attract as much as PLN 100 billion within the next three years.
„We are introducing a Personal Investment Account – allowing tax-free investments up to PLN 100,000. (…) This account will enable Polish households to effectively save and invest without incurring capital gains tax on amounts up to 100,000 PLN,” stated Domański.
Domański: approximately 100 billion in three years
– We project that around PLN 100 billion may be deposited within the initial three years – he mentioned.
Domański clarified that only new funds up to PLN 100,000 will enjoy tax exemption in the OKI, meaning that to evade the existing capital gains tax, individuals would need to liquidate their assets and transfer the proceeds into the OKI.
Funds exceeding PLN 100,000 in the OKI (the surplus) will be subject to taxation at a rate of 0.8-0.9% of the investment.
The tax will be determined based on the average annual balance of the OKI account. The rate will be calculated as the product of the annual risk-free rate (the yield on one- or three-year treasury bonds – which is still being finalized) and the Belka tax rate of 19%.
Domański indicated that the annual tax on the excess over PLN 100,000 for the OKI will be set, and its specific amount will be disclosed in November.
He further noted that the OKI account will be completely voluntary, and there will be no time restrictions related to taxation within it; the tax-free status up to PLN 100,000 will be effective from the moment the OKI account is established.
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Withdrawals permitted at any time
„The mechanism for calculations will undergo consultations, and stability will be maintained in relation to market conditions. The average should range from 0.8 to 0.9 percent,” remarked Katarzyna Przewalska, head of the department at the Ministry of Finance, during a briefing.
– Withdrawals will be allowed at any time, with no minimum saving period required – she added.
Domański stressed that OKI assets exceeding PLN 100,000 will only be liable to asset tax – the Belka tax will not apply to them.
Under the OKI, investments can be made in instruments permitted for trading on regulated markets or those introduced to alternative trading systems, in addition to investment funds (including shares, bonds, ETFs, etc.).
– The regulated market – soon to include an ETF for bitcoin listed on the stock exchange – everything available on the regulated market will potentially be part of the OKI account – pointed out Domański.
Within the savings section of OKI, it will be possible to establish deposits and subscribe to savings bonds (up to PLN 25,000 in savings value, excluding tax).
Domański: this could be a feasible timeline
Domański shared that the IT development for OKI may require at least six months, with a realistic expectation for the launch of OKI being mid-2026.
The OKI accounts are to be managed by financial institutions that currently operate IKE and IKZE, such as brokerage firms or banks.
– We prioritize simplicity and unrestricted access to capital, aiming to foster an „equity culture” (culture of equity – ed.),” Domański emphasized.
