Polish Personal Investment Accounts' inflows to WSE expected to reach PLN 74 bln by 2040
Inflows from the Personal Investment Accounts (OKI) to the Warsaw Stock Exchange are estimated at about PLN 74 billion (EUR 17.4 bln) by 2040, Poland's Deputy Finance and Economy Minister Jurand Drop reported.
"A positive impact of the proposed solutions on the Polish capital market is expected, through a significant strengthening of the Polish financial system, particularly the capital market in many of its segments such as the stock market, corporate bonds, treasury securities, and investment funds," Drop wrote.
"It is estimated that the introduction of OKI will lead to the inflow of domestic capital to the Warsaw Stock Exchange amounting to approximately PLN 74 billion by 2040," he added.
At the beginning of August, the Ministry of Finance presented Personal Investment Accounts (OKI), under which new savings of citizens up to PLN 100,000 (EUR 23,460) would be exempt from capital gains tax. The actual date of entry into force is mid-2026.
Funds at voluntary Personal Investment Accounts exceeding PLN 100,000 (EUR 23,460) are to be taxed at a rate of 0.8-0.9 percent.
OKI will be run by financial institutions that currently operate IKE and IKZE, i.e. brokerage houses and banks.
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