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Poland to introduce tax-free savings account for households

05.08.2025 14:30
Poland’s Finance and Economy Minister Andrzej Domański on Tuesday unveiled a new tax-free investment scheme designed to encourage long-term saving and strengthen the country’s capital markets.
Polish Finance and Economy Minister Andrzej Domański, August 5, 2025.
Polish Finance and Economy Minister Andrzej Domański, August 5, 2025.Photo: PAP/Tomasz Gzell

Modelled on Sweden’s ISK savings account, the newly proposed Personal Investment Account (OKI) will allow Polish citizens to invest up to 100,000 PLN (€23,378.50) without paying capital gains tax.

“This is a fully voluntary tool that will help Polish households build long-term wealth,” minister Domański said during a press conference. “It’s an account designed to support efficient saving and investing,” he added.

New savings scheme offers Poles tax relief on investments

The first 100,000 PLN invested through the OKI will be completely tax-exempt. Up to 25,000 PLN (€5,844.63) of that amount can be held in traditional savings products such as bank deposits, savings bonds, exchange-traded funds (ETFs), investment funds, and even cash.

For investments exceeding the 100,000 PLN threshold, the government is proposing a low, stable tax rate of under 1% on the surplus assets.

Domański said the new initiative is part of a broader economic vision:

“This year, Poland will see the highest economic growth rate among the EU’s larger economies. But we know we must build new engines of growth - ones focused more on investment and innovation.”

The reform is aimed not only at supporting individual savers but also at building a deeper domestic investment base to fuel long-term economic expansion.

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Source: X/@MF_GOV_PL