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Investing with benefits IKZE Santander TFI

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Benefits

Tax exemption

You won't pay capital gains tax when you withdraw funds from IKZE.

PIT relief

You can deduct IKZE contributions from your PIT income.
In 2024, you can obtain a tax relief of up to PLN 3,004.42, and if you run a non-agricultural business, up to PLN 4,506.62.*
This is your real profit, for which you do not have to wait until the end of the investment.

* The indicated amounts refer to the second tax threshold (32%).

Investment flexibility

Minimum IKZE contributions are just PLN 100. You don't have to contribute regularly. You can temporarily reduce or suspend your contributions. You can also withdraw the accumulated money at any time (terms of funds withdrawal are described below).

Important! You can have only one IKZE.

Annual contribution limit

In 2024, you can contribute PLN 9,388.80 into IKZE, and if you run a non-agricultural business - as much as PLN 14,083.20. This amount is set by law for each year.

Safeguarding loved ones

The IKZE money is inherited by your loved ones. You can also indicate the (authorized) persons to whom the money will be paid after your death. They may also be people who are not related to you.

No handling fees

PLN 0 for opening an IKZE and withdrawing funds.

Available subfunds

all within Santander Prestiż SFIO. You can invest in several sub-funds.

There are two investment options:

  • age-appropriate investment, i.e. a ready-made sub-funds portfolio. The managers select sub-funds depending on your age and the time remaining until you reach the age of 65.
  • individual investment in which you choose sub-funds for IKZE yourself.

Check how much you can gain with IKZE

The calculator presents a simulation of the value of the accumulated capital in the case of systematic, monthly or annual payments.

The calculator takes into account the amount of the monthly or annual contribution, the investment period and your expected annual rate of return on the investment. The Calculator does not take into account possible fees related to participation in the Santander Prestiż SFIO fund and the flat-rate tax when withdrawing from IKZE. The maximum annual limit for payments to IKZE in 2024 is PLN 9,388.80, and if you run a non-agricultural business - as much as PLN 14,083.20.

Important: remember that this is only a simulation and actual rates of return may vary.

For people who do not run non-agricultural economic activity

How much do you earn gross per month?

PLN

How much do you want to save?

PLN

How long do you want to save?

years

Expected annual rate of return

%

You can reduce your income tax for this year by:

PLN

What is the tax advantage?

Afteryear(s) of saving you will have:
PLN
Total payments
PLN
Earned profit
PLN

You can withdraw the funds with a one-time payment or in installments

Remember that this is only a simulation and the actual rates of return can be different.

For people who run non-agricultural economic activity

What is your form of taxation?

Your gross income

PLN

How much do you want to save?

PLN

How long do you want to save?

years

Expected annual rate of return

%

You can reduce your income tax for this year by:

PLN

What is the tax advantage?

Afteryear(s) of saving you will have:
PLN
Total payments
PLN
Earned profit
PLN

You can withdraw the funds with a one-time payment or in installments

Remember that this is only a simulation and the actual rates of return can be different.

How does it work?

Terms of funds withdrawal

Withdrawal with tax benefits

  • after reaching the age of 65
  • and
  • making payments to IKZE for at least 5 calendar years.

A 10% flat-rate tax will be deducted from the withdrawn amount. However, this rate is lower than the applicable income tax rates.

Earlier refund

  • only the full amount of funds
  • the amount received should be included in the income in the annual PIT settlement and tax should be paid at the applicable tax rate

How to buy?

Opening an IKZE is simple. You can do everything online - in the Santander Internet/investment funds tab.

When you open an IKZE, you decide where your money will be invested.
You can choose one of two solutions:

  • a ready-made portfolio appropriate to your age and the time remaining until retirement (age-appropriate investment) or
  • independent selection of sub-funds for your IKZE (individual investment).
  • Age-appropriate investment

    An age-appropriate investment is a ready-made portfolio of sub-funds. Managers select sub-funds depending on your age and the time remaining until you reach the age of 65. The risk level of your investment will change with your age. When you reach a certain age, the division of your funds between sub-funds will automatically change. You can change your selection to Individual Investment at any time.

  • Individual investment

    Select the sub-funds you want to invest in yourself - a maximum of 5. Indicate what percentage of your payments you want to transfer to these sub-funds - a minimum of 10%. You can change your choice at any time.

Questions and Answers

  • In the process of saving
    You can deduct contributions to IKZE from the income tax base in your annual PIT settlement. Thanks to this, you will pay less tax for a given year - you will receive a refund from the tax office or you will have a smaller underpayment. This is an almost immediate benefit that you realize every year - you don't have to wait until the end of saving.

    At the end of the investment
    If you wait until you turn 65 and contribute to the IKZE for at least 5 calendar years when you withdraw the money, you will only pay 10% in flat tax.
    If you decide to return the funds earlier, you must include the amount paid from IKZE in your income when settling your annual PIT and pay tax at the rate applicable to you.
    You won't pay capital gains tax when you withdraw funds from IKZE.

    Taxes and inheritance
    If your loved ones, beneficiaries and heirs inherit funds in IKZE, they will not pay inheritance and donation tax. They will be able to transfer the collected funds to their IKZE or withdraw them - but then they will have to pay a flat-rate tax of 10%.

  • IKZE is available in all sub-funds available within the Santander Prestiż SFIO fund.

  • Opening an IKZE requires concluding an IKZE agreement and depositing the first funds. You can do it at Santander Bank Polska SA branches and online - at Santander Internet.

  • The limits in 2024 are:

    • PLN 14,083.20 for people running non-agricultural business activities,
    • PLN 9,388.80 for other persons.

    If you run a non-agricultural business, you can take advantage of the increased payment limit, which will allow you to achieve even greater tax benefits. We will ask you about the limit selection when concluding the IKZE agreement.

  • An age-appropriate investment is a ready-made portfolio of sub-funds. Managers select sub-funds depending on your age and the time remaining until retirement. As part of an individual investment, you select sub-funds for IKZE yourself.

  • Currently, we do not charge fees for opening an IKZE, nor for purchasing, changing the distribution of payments or withdrawing funds from IKZE.
    When investing in participation units of Santander Prestiż SFIO sub-funds, you pay a management fee and performance fee applicable in a given sub-fund. Published unit valuations and the balance of funds you see on Santander Internet already include these fees and should not be added to them.

    Detailed information about all fees can be found in the Schedule of fees.