PPK is a program aimed at improving the financial security of Poles after ending their professional activity. However, the ability to return funds early gives participants flexibility in managing their savings.
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The funds accumulated in the Employee Capital Plans account can be used at any time. A person who is under 60 years of age may make the so-called return from PPK, i.e. withdraw funds from your account when it deems it appropriate.
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It is worth remembering that the refund cannot be partial. The implementation of this instruction is associated with certain reductions.
You don't have to wait until retirement. This is how you will withdraw funds from PPK
Refund of PPK funds takes place at the participant's request, which must be submitted to the financial institution maintaining the PPK account. The application can be submitted in person or via the online application.
After submitting it, the financial institution transfers the collected funds to the indicated account within the deadline specified in the PPK management agreement and the fund's regulations.
See also: Here are the cases in which you can withdraw funds from PPK without loss
What's worth knowing refunding funds does not constitute resignation from the program. After the refund, the participant's PPK account remains active and payments from the employer and participant will continue. Additionally, if certain conditions are met, the participant may still receive annual subsidies from the state.
Withdrawal of funds from PPK. How to get money without any loss?
As we explained, Before transferring funds to the PPK participant as a refund, the financial institution deducts 30%. resources coming from payments financed by the employer and an amount corresponding to funds from the welcome payment and annual payments.
In addition, the payment amount is reduced by 19%. tax on capital gains from funds returned to the participant.
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There are cases in which the entire amount can be withdrawn. One of the situations in which you do not have to take into account deductions when withdrawing funds from PPK is when the accumulated funds are used to make an own contribution to a loan.
Another situation in which there will be no deduction is the withdrawal of accumulated savings due to a serious illness. This may be a disease of the PPK participant, his or her spouse or minor child. A PPK participant, regardless of age, can then withdraw up to 25% without any consequences. collected funds.
