Saving for retirement – IKE, IKZE and returns measured over years
You save for retirement in an IKE, an IKZE and a regular brokerage account. FundStat brings all accounts into one portfolio, measures returns without the effect of contributions, shows the result against inflation and leaves retirement accounts out of PIT-38.
Retirement saver profile
- Strategy
- Long-term saving
- Typical assets
- ETFs, stocks and bonds
- Accounts
- IKE, IKZE and a regular account
- Portfolio check
- Every quarter
- Horizon
- Until age 60 or 65
Retirement saver – the problems you run into most
Saving for retirement takes decades and usually spans several accounts with different tax rules. Most people using IKE and IKZE know these situations.
My IKE is at one broker, my IKZE at another and my regular account at a third.
You add each of them as a separate account marked as IKE or IKZE, and the portfolio shows the combined result of all your savings.
I don’t want gains from IKE and IKZE mixed into my PIT-38.
The annual summary leaves IKE and IKZE out, because their income is exempt from capital gains tax, and calculates PIT-38 only from regular accounts.
I’ve been contributing for years and don’t know what that gives me per year.
FundStat measures returns with TWR, which removes the effect of regular contributions, so you see the real result of your saving, not just a growing balance. CAGR expresses the result per year.
I don’t know whether my retirement savings grow faster than inflation.
Benchmark comparison puts your portfolio’s result next to Polish CPI inflation and indices over the same period.
A retirement saver’s year in FundStat
Saving for retirement comes down to a few repeated tasks a year. Each of them has its place in the app.
- Every month
Contribute and buy
After contributing to your IKE or IKZE and buying units, upload your broker’s file. The portfolio shows each account’s new state right away.
Transaction import - Every quarter
Check your result against inflation
Compare the portfolio’s return with CPI inflation and an index to see whether your savings grow in real terms.
Benchmark comparison - By 31 December
Use your contribution limits
IKE and IKZE contributions count toward the limit of the year they reach the account, and any unused limit is lost.
IKE and IKZE accounts in FundStat - February–April
Deduct IKZE and file PIT-38
You deduct IKZE contributions from income in your PIT return, and file PIT-38 only for your regular account.
Annual summary
The features retirement savers use most
When you save for decades, these four features are enough to know whether the plan works.
- Portfolio benchmarkingCompares your savings’ result with CPI inflation and indices over any period.
- Import assistantReads trades from your IKE, IKZE and regular account, without retyping.
- Annual tax summaryCalculates PIT-38 only from regular accounts and leaves IKE and IKZE out.
- Mobile appLets you check your retirement savings in seconds.
Saving for retirement in numbers
- of the last salary is what the average public pension in Poland may be worth in 2060, down from 54% in 2019
- about 25%
- Source: European Commission, The 2021 Ageing Report
- is the maximum tax refund for paying the full 2026 IKZE limit (PLN 11,304) at the 32% rate
- PLN 3,617
- Source: FundStat calculation based on the 2026 IKZE limit and the tax scale
- is the average value of investment assets up to which OKI gains will be tax-free from 2027
- PLN 100,000
- Source: Polish Act on Personal Investment Accounts, 2026
“Our favorite holding period is forever.”
Retirement savings in a spreadsheet, a broker app and FundStat
Each of these tools shows part of the picture. The table compares what matters most when saving for retirement.
| Spreadsheet | Broker app | FundStat | |
|---|---|---|---|
| IKE, IKZE and a regular account in one view | |||
| IKE and IKZE left out of PIT-38 | |||
| Return without the effect of contributions (TWR) | |||
| Comparison with CPI inflation | |||
| Comparison with an index | |||
| No manual entry of trades |
- Yes
- Partly or by hand
- No
Saving for retirement – frequently asked questions
IKZE contributions are deducted from income in your PIT return, and a withdrawal after age 65 is taxed at a flat 10%. An IKE gives no deduction when you pay in, but a withdrawal after age 60, or 55 with acquired pension rights, is exempt from the 19% capital gains tax. Both require meeting statutory conditions, including the years of contributions.
Saving for retirement – IKE, IKZE and a regular account in one portfolio
A retirement plan works when you see all your accounts together and against inflation. FundStat brings IKE, IKZE and your regular account together, measures returns without the effect of contributions and leaves retirement accounts out of PIT-38.
Other investor profiles
- Passive investorETFs, regular contributions and buy-and-hold, without watching the market every day.
- Aggressive investorFrequent trades, growth stocks and futures, with every position’s result under control.
- Dividend investorTrack dividend payouts, yield and the passive income your portfolio generates.
- Conservative investorTreasury bonds and safer assets. See whether your portfolio beats inflation.
- Multi-account investorSeveral brokers, banks and currencies, one consistent picture of your wealth.