PPK are created jointly by the employee, employer and the state. They were created for the purpose of systematically accumulating savings for use after reaching the age of 60. However, the participant can use the accumulated funds at any time and withdraw them. The system is supervised by the Polish Financial Supervision Authority.
How does PPK work? In addition to the basic payments, you also have three other
Employee capital plans are subject to a statutory universality requirement. This means that every employee aged 18 to 55 must be automatically enrolled in PPK by their employer. You can opt out by submitting a written declaration of resignation. There are four types of contributions in the program: basic, additional, welcome contribution and annual contributions.
Basic payments are made monthly, additional payments are voluntary, the one-off welcome payment is PLN 250, and annual payments are made by the state upon participation in the PPK in a given calendar year.
Money Money, Photo: Pawel Kacperek / iStock
How to withdraw a refund from PPK? You can get a large sum
At the beginning of last year, people became interested in PPK refunds. This trend is still growing. In the fourth quarter of 2023, PLN 399 million was paid out, while In the first quarter of 2024, PLN 460 million was paid out in 173 thousand refunds. The official website mojeppk.pl provides an example of how much money can be gained by participating in the program. An employee who earns PLN 6,000 gross and has been a member of the program since 2019, in June 2024, had 158% more in his account than he had paid in. He had PLN 16,730 in his account, which he could withdraw. All you need to do is place an order and provide your bank account number. It is worth adding that withdrawing funds does not mean giving up on further saving. If you’d like, please vote in our poll below.
Source: Gazeta
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