European retirement is approaching.  Another important step

The PEPP is a product aimed at complementing the third pillar of the Polish pension system, i.e. voluntary saving for old age. Parliament passed the law allowing it to operate in mid-August.

It is exempt from the so-called Belka tax, has lower fees and relies on global ETF portfolios managed by Finax.

There will be a “European retirement” in Poland You can pay three times the average monthly salary, i.e. a maximum of PLN 21,312 in 2023. The limit relates to the exemption of investments under the PEPP from capital gains tax. Of course, as long as the investor does not withdraw funds prematurely, this is also mentioned.

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