Poland’s recently introduced Employee Capital Plans (PPK). This was introduced to deliver long-term financial security for Poles but are not proving as popular as hoped.

Image of wall that says Internal revenue service

Despite considerable encouragement and support from the Polish state, latest figures show fewer than 40% of qualifying employees have so far elected to participate in PPK, which is effectively a voluntary pension top-up scheme.

Every employee who meets the statutory criteria for PPK, introduced in 2018, will be automatically enrolled into this comprehensive, long-

term saving system, based on them paying in 2% of their annual salary.

Furthermore, employers, who are joining the PPK scheme in phases up to January 2021, are required to make a contribution equal to 1.5% of their employees’ salaries into PPK, while the state pays an entry bonus to employees for joining the scheme and also contributes a small amount towards it each year.

However, PPK is only voluntary for employees, and they may withdraw from the scheme at any time.

For more information, contact:

Katarzyna Klimkiewicz-Deplano
Advicero Nexia
T: +48 602 338 215
E: kklimkiewicz@advicero.eu 
W: www.advicero.eu
Date: January 2020