Ppk Calculator
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PPK Calculator (Employee Capital Plans)
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Other tools you may find usefulHow does the PPK calculator work and why is it worth saving in this program?
The PPK (Employee Capital Plans) Calculator is an advanced online financial tool, created for employees who want to estimate the long-term benefits of saving for retirement. PPK is a voluntary long-term savings system, co-created by three parties: the employee, the employer and the state. From an economic point of view, it is currently one of the most profitable ways of accumulating capital, because every zloty contributed by an employee is doubled by subsidies from the employer and the state.
Based on your gross salary, selected contribution percentage and savings period, the calculator calculates the amount of monthly deductions from your salary, the amount of bonuses from the employer and the state, and also estimates the total accumulated capital along with capital gains at the selected rate of return.
Principles of PPK financing – who pays and how much?
The capital in your private PPK account comes from three sources:
- Employee's contribution (deducted from net remuneration):The basic amount is **2.0%** of gross remuneration. It is possible to declare an additional payment up to **2.0%** (total max 4.0%).
- Employer's contribution (additional bonus):The basic amount is **1.5%** of the employee's gross remuneration. The employer may declare an additional payment of up to **2.5%** (maximum 4.0% in total).
- Subsidies from the state:A one-time welcome fee of **PLN 250** (after 3 months of saving) and an annual subsidy of **PLN 240** (after meeting the condition of a certain amount of payments per year).
Can PPK savings be withdrawn before the age of 60?
Yes, the funds collected in Employee Capital Plans are the private property of the participant and can be withdrawn (returned) at any time without giving a reason. By making a return before age 60, you receive:
- 100% of your own contributions.
- 70% of the employer's payments (the remaining 30% goes to your ZUS sub-account as a pension contribution).
- Funds reduced by 19% capital gains tax (Belka tax) from the generated profit.
All state subsidies (welcome and annual) in the event of early payment are returned to the Labor Fund.
Simulation of PPK savings with earnings of PLN 6,000 gross (Table)
| Savings period (years) | Sum of your payments (2.0%) | Sum of employer subsidies (1.5%) | Accumulated capital (rate of return 4%) | Profit index (capital / own contributions) |
|---|---|---|---|---|
| 10 years | PLN 14,400 | PLN 10,800 | PLN 33,200 | 230% |
| 20 years | 28,800 PLN | PLN 21,600 | PLN 81,500 | 283% |
| 30 years | PLN 43,200 | PLN 32,400 | 152,400 PLN | 352% |
Frequently asked questions (FAQ)
How much exactly does the employee lose from his net salary on PPK?
The employee transfers 2% of his gross salary to PPK, which is deducted from his net salary. Additionally, income tax must be paid on the employer's payment (1.5% gross) (e.g. 12% or 32%). For example, with earnings of PLN 5,000 gross, the take-home payment will decrease by approximately PLN 109 per month, while a total of PLN 175 will be transferred to the PPK account (your PLN 100 + PLN 75 from the employer).
Is PPK profitable if I plan to withdraw the money earlier?
Yes, PPK is profitable even with immediate withdrawal of funds. After deducting the Belka tax and returning state subsidies and 30% of the employer's contribution to ZUS, your bank account will receive an amount that is approximately 30-40% higher than your own contributions. This happens thanks to additional funds received from the employer.
What financial institution manages funds in PPK?
The funds accumulated in PPK are managed by licensed financial institutions (Investment Fund Societies - TFI, Powszechne Towarzystwo Emerytalne - PTE or insurance companies) selected in consultation with the employee representation in a given workplace.
What are target date funds?
Funds in PPK are invested in the so-called defined date funds. This means that the investment profile automatically adjusts to the participant's age. The younger the employee, the greater part of the funds is invested in equity instruments (shares) generating higher profits. As you approach the age of 60, the fund automatically increases the share of safe debt instruments (bonds).
Are the funds accumulated in PPK inherited?
Yes, the funds accumulated in the PPK account are 100% private and subject to inheritance. In the event of the death of a program participant, the accumulated savings are transferred to the spouse (within the framework of community property) or previously designated authorized persons (heirs) without inheritance and donation tax.