How does Individual retirement account (IKE) work?

How does Individual retirement account (IKE) work?

Benefits of IKE in Santander FIO


Exemption from the capital gains tax

after meeting the eligibility criteria including age and regular payments (see below).

Flexible investments

regular payments are not required; payments can be reduced, suspended and the accrued funds can be withdrawn, in whole or in part, at any time.

Financial security for family members

when the IKE owner dies, the accrued funds can be inherited or any persons – also non-related – can be appointed as beneficiaries.

Wide range of sub-funds

13 sub-funds with a diversified reward and risk potential.

IKE overview


IKE is available

to any person who is 16 years old or older.

Underage persons can make payments

to the account only when they receive remuneration for work.

Minimum initial payment

PLN 500

Minimum subsequent payments

PLN 100.

Statutory maximum annual limit:

the limit in force in 2019 is: PLN 14,295

13 available sub-funds of Santander FIO

denominated only in PLN.

A possibility

invest in a number of sub-funds.

Prior to opening an IKE

an agreement must be signed which is at the same a purchase order for participation units and the purchase price must be paid.

General terms of exemption from the capital gains tax:

1. being 60 years old or being 55 years old and having the right to retire
2. making payments to the account for a minimum period of 5 calendar years or contributing half of the current account balance minimum 5 years before filing the disbursement instruction

terms mentioned above in points 1-2 are not applied to the funds transferred from retirement program to IKE.

Terms of exemption from the capital gains tax for persons born between 1 January 1946 and 31 December, 1948:

making payments to the account for a minimum period of 4 calendar years or contributing half of the current account balance minimum 4 years before filing the disbursement instruction.

Terms of exemption from the capital gains tax for persons born before 31 December, 1945

making payments to the account for a minimum period of 3 calendar years or contributing half of the current account balance minimum 3 years before filing the disbursement instruction.

Download


IKE Calculator


Check how much you can earn with IKE (Individual Pension Account)

The calculator provides a simulation of the value of accrued capital in the case of regular monthly or annual contributions.

The calculator takes into account the amount of monthly or annual payments, the investment duration period and the annual rate of return on the investment expected by the investor. The calculator takes no account of potential fees for participation in Santander FIO Fund or the capital gains tax. The maximum annual limit for payments to IKE in 2019 is PLN 14,295.

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

YOUR INVESTMENT
CAPITAL VALUE
Payment amount 0000000,00
Tax (potential tax savings thanks to IKE) 0000000,00
Profit 0000000,00
Accrued capital 0000000,00

The net asset value of certain sub-funds may be exposed to considerable volatility due to the composition of the investment portfolio. Some sub-funds can invest more than 35% of their assets in securities issued, guaranteed or underwritten by the State Treasury or the National Bank of Poland.

The sub-funds’ financial data and description of the risk factors can be found in the prospectus of Santander FIO available at SantanderTFI.pl and from the Fund's Distributors. It is recommended to review them before making an investment.

The sub-funds cannot guarantee achievement of the defined investment objective or of the expected return on investment. The Participant should take into consideration the possibility of losing at least some of the invested capital.

801 123 801 tfi@santander.pl