Nowy podatek od oszczędności od 2027 r. Zwolnienia dla posiadaczy kont OKI do 25 tys. zł lub do 100 tys. zł – w zależności od formy aktywów (lokaty, obligacje, akcje, fundusze inwestycyjne) – INFOR.PL

The Polish Council of Ministers adopted a draft law on May 5, 2026, to establish Personal Investment Accounts, known as Osobiste Konta Inwestycyjne (OKI). The legislation, which has been forwarded to the Sejm, is scheduled to take effect on January 1, 2027.

The new accounts are designed to offer specific tax exemptions from capital gains tax, commonly referred to in Poland as the Belka tax. However, the draft law introduces a new tax on the value of assets for funds held within these accounts that exceed established thresholds.

According to reporting from Infor.pl, the tax exemptions for OKI account holders are tiered based on the type of assets held. Assets consisting of deposits and bonds are exempt up to a limit of 25,000 PLN. For assets consisting of shares and investment funds, the exemption limit is higher, reaching up to 100,000 PLN.

Any assets accumulated in an OKI account that exceed these respective limits of 25,000 PLN and 100,000 PLN will be subject to the proposed new tax on asset value.

The implementation date of January 1, 2027, represents a delay from the government’s original timeline. A draft of the law prepared by the Ministry of Finance and published on December 2, 2025, had initially slated the launch of OKI for July 1, 2026.

The shift to a start date in 2027 followed a period of public consultations and inter-ministerial agreements. Several industry bodies, including the Polish Bank Association (Związek Banków Polskich), the Chamber of Pension Funds (Izba Gospodarcza Towarzystw Emerytalnych) and the Chamber of Brokerage Houses (Izba Domów Maklerskich), raised concerns regarding the practical difficulties of implementing the regulations in the middle of a calendar year.

The introduction of OKI accounts is part of a broader government effort to restructure how Polish citizens approach savings. This development coincides with ongoing ministerial analysis regarding a potential overhaul of the Belka tax, as the government weighs the liquidation of existing capital gains taxes against the introduction of new incentives and limits.

Market analysts and industry publications, including Parkiet, have noted that the introduction of these accounts may impact the distribution market for investment funds, as the tax-advantaged nature of OKI accounts could shift investor behavior toward specific asset classes to maximize the 100,000 PLN exemption.

The draft law now awaits further deliberation and approval by the Sejm before it becomes official law for the 2027 fiscal year.