Not too late for IKZE and IKE contributions for 2024

Just a reminder for those who pay their taxes in Poland that for 2024 you can still put up to PLN 9,388.80 into an IKZE. If you do and you pay the higher tax rate on at least PLN 9,388.80, you'll get PLN 3,004.41 back from the taxman.

You can also pay up to PLN 23,472 into an IZE. That gets you no refund from the taxman, but if you hold the money there until you're 60, you can collect your winnings without paying the standard 19% Belka tax that applies to other capital gains.

Good information. Incidentally, Poland should get rid of the VAT tax, will they. Sometimes I'm thinking that VAT is the Poland's (EU's) way of charging for property taxes. Property taxes in Poland are very low, but they force VAT on almost all purchases. No way of avoiding the tax man.