Poland's Sejm Approves Personal Investment Accounts Tax Reform

On 3 July 2026 the Polish Sejm voted almost unanimously (427‑5) to pass a law establishing Personal Investment Accounts (OKI). The legislation now proceeds to the Senate and presidential signature, with the scheme slated to launch on 1 January 2027.

OKI are voluntary accounts that combine savings and investment functions and are tax‑free up to a specified asset limit. Unlike retirement accounts, they have no age or lock‑in requirements and can be opened by any adult, including non‑residents. Individuals may hold multiple OKI, but the tax‑free limit applies collectively across all accounts. The accounts will be offered by banks, brokerage houses, fund companies, insurers and voluntary pension funds, with a coordinating institution managing the umbrella agreement. The model mirrors Sweden’s tax‑exempt investment account (ISK). The Ministry of Finance estimates that OKI could attract up to 100 billion złoty of new investments within the first three years.