Individual Secure Retirement Account

Individual Secure Retirement Account (IKZE) is a type of individual retirement arrangement in a form of individual retirement plan, that provides tax advantages for retirement savings in Poland.

Investors can contribute up to yearly changed limit and reduce their taxable income by the amount of their contributions. Investments are allowed into publicly traded stocks, bonds and funds, both foreign and polish and are held in custody by the broker.   

Money distribution or withdrawn from the account without penalties is possible when the owner reacher age of 65 (age of retirement) and contributed last five years. IKZE accounts are exempt from the 19% capital gains tax but withdraw amount is taxed flat rate of 10%.