GefreiterKania
28 Sep 2024
UK, Ireland / Getting a UK state pension in Poland [37]
That's the most generous pension scheme I've ever heard of.
Polish ZUS, contrary to what most people think, actually offers a rather decent pension scheme; for example, last year the obligatory valorisation of the main account was 14% (subaccount 9%) - good luck getting that in a private scheme (most of them don't have inflation indexed valorisation at all). Of course, counting on ZUS only is rather unreasonable but if you supplement it with PPK (basic + voluntary contribution) and IKE (tax free at payout) or IKZE (max. 20k tax free contribution a year), you should be quite all right.
Some people don't like PPK because PiS introduced it, but it's a very good scheme (your employer doubles your basic contribution and the state add a bonus as well).
I'd say ZUS+PPK is the minimum of what everybody should contribute to, if you add IKE/IKZE you should be fine in retirement, and if you can afford it invest in index funds or get a safe insurance investment fund (many to choose from) on top of it. The time will fly by, so nobody should procrastinate when it comes to retirement investments.
So it takes 28 weeks to get back what you paid in, after that you're in the money.
That's the most generous pension scheme I've ever heard of.
Polish ZUS, contrary to what most people think, actually offers a rather decent pension scheme; for example, last year the obligatory valorisation of the main account was 14% (subaccount 9%) - good luck getting that in a private scheme (most of them don't have inflation indexed valorisation at all). Of course, counting on ZUS only is rather unreasonable but if you supplement it with PPK (basic + voluntary contribution) and IKE (tax free at payout) or IKZE (max. 20k tax free contribution a year), you should be quite all right.
Some people don't like PPK because PiS introduced it, but it's a very good scheme (your employer doubles your basic contribution and the state add a bonus as well).
I'd say ZUS+PPK is the minimum of what everybody should contribute to, if you add IKE/IKZE you should be fine in retirement, and if you can afford it invest in index funds or get a safe insurance investment fund (many to choose from) on top of it. The time will fly by, so nobody should procrastinate when it comes to retirement investments.