Biznes Fakty
OKI. Up to 100,000 tax-free. „They feel excluded from this system.”
The government is introducing an OKI (Open Account for Investments). The Personal Investment Account (PIA) aims to promote tax-free investing, albeit up to a specific cap. „From the feedback I receive from my readers, the predominant concern is: this won’t concern me, I won’t invest anywhere, I fear the capital market. These individuals feel alienated from this system,” remarked Maciej Samcik, an economic journalist and founder of the „Subjectively on Finance” portal, during his segment on TVN24 BiS.
On the Personal Investment Account (OKI), you can store and invest:
– financial assets up to PLN 100,000 free from the „Belka tax” – including shares, bonds, ETFs, as well as deposits and savings bonds.
For the latter two, the cap is PLN 25,000.
Should the total value of the assets exceed PLN 100,000, a new tax on the excess will be applicable, estimated at around 0.8-0.9% annually.
Domański highlighted that only fresh funds up to PLN 100,000 will be exempt from taxation in the OKI; meaning if someone aims to avoid the current capital gains tax, they would need to liquidate their assets and transfer them to the OKI.
– Withdrawals can be made at any time; there will be no mandatory savings period – he added.
Domański underlined that assets in the OKI exceeding PLN 100,000 will solely face asset tax – the Belka tax will not apply to them.
The anticipated implementation date is mid-2026, and the Ministry of Finance estimates that the OKI could attract around PLN 100 billion within three years.
„An element that will irritate some individuals”
– If anyone hoped for the abolition of the Belka tax, they are likely to be disheartened – remarked Maciej Samcik, an economic journalist and founder of the „Subiektywnie o finansach” portal, during his appearance on TVN24 BiS.
„A significant portion of the population won’t invest their funds, and they already have considerable amounts in various safe instruments (e.g., deposits and treasury bonds). In this context, the safe investment cap is restricted to 25,000 zlotys,” he noted.
He pointed out that „this is a component that will irritate some individuals.”
Read more: Up to 100,000 PLN tax-free. Minister’s announcement >>>
„Primarily, 90% of individuals in Poland possess savings below 100,000, so they technically fall under that limit. Consequently, if they withdraw their existing deposits or investments from other platforms and funnel them into this new account, they would benefit from the exemption on the Belka tax,” he explained.
„The real question is, which demographic is open to investing? Most of this tax incentive is intended for investment purposes. Poles display a low risk appetite, minimal willingness to invest, and limited understanding of the capital market,” he emphasized.
„When I examine comments from my readers, the most prevalent objection is this: it won’t pertain to me, I won’t invest anywhere, I fear the capital market. These individuals feel marginalized by this system,” stated Maciej Samcik.
Jarosław Sadowski, chief analyst at Rankomat.pl, echoed similar sentiments. „Many Poles might be disillusioned that the limit for deposits and treasury bonds under the Open Credit Information Program (OKI) is only PLN 25,000, rather than PLN 100,000,” he remarked.
The expert estimates that if someone has PLN 100,000 and is reluctant to invest in the capital market, their ability to benefit from the tax relief will be quite limited. „In this situation, the tax relief would amount to just PLN 237.50 – assuming a yearly deposit with a 5 percent interest rate. If the entire PLN 100,000 could be deposited into the OKI, the relief would total PLN 950,” he clarified. This results in a striking difference of PLN 712.50.
Tax relief level depending on the amount Rankomat.pl„Left hand behind the right ear”
„We aspire to achieve a higher savings rate like the Czech Republic, but we resist tax incentives similar to theirs. There, after three years of investing (up to PLN 18,000 annually), no tax is levied. Instead, we’re investing in an additional savings account akin to Hungary,” remarked Piotr Arak, Velobank’s chief economist, on the X platform.
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