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IKE and IKZE calculator

Compare how much you keep after tax with IKE, IKZE and a regular brokerage account in Poland, using the 2026 contribution limits and your income tax rate.
IKE and IKZE calculator
How much you pay in each year. The same amount is used for IKE, IKZE and a regular account, up to each account's yearly limit.Ile wpłacasz co roku. Ta sama kwota trafia do IKE, IKZE i na zwykłe konto, do wysokości rocznego limitu każdego konta.
PLNzł
How many years you pay in before you withdraw. IKE pays out tax-free from age 60 and IKZE at the 10% rate from age 65.Przez ile lat wpłacasz, zanim wypłacisz pieniądze. IKE wypłaca bez podatku od 60. roku życia, a IKZE z 10% podatkiem od 65. roku życia.
yearslat
Average yearly return of what you hold in the account (ETFs, bonds, deposits). It is the same for all three accounts so the comparison is fair.Średni roczny zysk z tego, co trzymasz na koncie (ETF-y, obligacje, lokaty). Jest taki sam dla wszystkich trzech kont, żeby porównanie było uczciwe.
%
IKZE contributions are deducted from your taxable income, so each year you get back your contribution times your tax rate.Wpłaty na IKZE odliczasz od dochodu, więc co roku odzyskujesz kwotę wpłaty pomnożoną przez Twoją stawkę podatku.
12% (tax scale)
CalculateOblicz
Results
Best optionNajlepsza opcja -
IKEIKZERegular accountZwykłe konto
ContributionsWpłaty---
Value before withdrawalWartość przed wypłatą---
Tax on withdrawalPodatek przy wypłacie---
IKZE tax refundsZwrot podatku z IKZE---
What you keepZostaje Ci---

These results are estimates and do not constitute investment advice. They assume a constant yearly return, contributions at the start of each year and that you meet the IKE and IKZE withdrawal conditions. Investing involves risk.Wyniki są szacunkowe i nie stanowią porady inwestycyjnej. Zakładają stały roczny zysk, wpłaty na początku każdego roku i spełnienie warunków wypłaty z IKE i IKZE. Inwestowanie wiąże się z ryzykiem.

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Earnings breakdown —
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Total value
Invested capital
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Net interest
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Glossary

What is the difference between IKE and IKZE?

Both are Polish retirement accounts where you can hold ETFs, stocks, bonds or deposits. The difference is when you get the tax benefit:

  • IKE: no tax relief on contributions, but you pay no tax on withdrawal from age 60 (or 55 if you have pension rights). The 2026 limit is PLN 28,260.
  • IKZE: you deduct contributions from your taxable income every year, and pay a 10% flat tax on the whole amount when you withdraw from age 65. The 2026 limit is PLN 11,304, or PLN 16,956 if you are self-employed.

For both accounts you also need to have paid in during at least 5 calendar years. The rules are in the IKE and IKZE act, and the 2026 limits in the official announcements for IKE and IKZE.

How much tax do you get back with IKZE?

Your IKZE contributions reduce your taxable income, so the refund equals your contribution times your tax rate. With the full 2026 limit of PLN 11,304 you get back:

  • 12% tax scale: PLN 1,356.48.
  • 19% flat tax: PLN 2,147.76.
  • 32% tax scale: PLN 3,617.28.

You claim the relief in your annual tax return. It cannot be carried over to later years. If you pay the lump-sum tax (ryczałt), you deduct the contributions from revenue instead, which this calculator does not model. See the IKZE relief page of the Polish tax authority.

What if you withdraw early?

If you take the money out before you meet the conditions, it is called a return (zwrot) and you lose the tax benefit. From IKE you pay the 19% Belka tax on the gains, and you can take out part of your contributions. From IKZE the whole amount is added to your income for that year and taxed at your income tax rate, so you give back the relief you received.

Should you choose IKE or IKZE?

You can have both, one of each. IKZE tends to come out ahead when your tax rate is high (32% or 19%) and you reinvest the refunds. IKE gives more flexibility: no tax at 60 instead of 65, a higher limit and the option of a partial return. Try both cases in the calculator with your own numbers.

How does this calculator work?

  • You pay in the same amount at the start of each year, up to the yearly limit of each account. The return is the same every year.
  • IKE: no tax at withdrawal. IKZE: 10% of the whole amount at withdrawal, plus the yearly tax refunds.
  • Regular account: 19% Belka tax on the gains when you sell at the end (no tax on the way, as with accumulating ETFs).
  • If you reinvest the IKZE refunds, each one goes into a regular account one year after the contribution and is taxed at 19% on its gains.
  • The limits stay at the 2026 level. In reality they change every year with average wages.