The European Commission presented a package of changes regarding the Pan-European Individual Pension Product (PEP), aimed at increasing its attractiveness and availability on the EU market.
The rest of the article below the video:
PEPP is a voluntary pension product that aims to provide seniors with additional income, regardless of their state pension. The program allows you to transfer funds between EU countries, and the subaccount can be used by all EU citizens – including unemployed people and students.
In Poland, the PEPP has been operating since October 2023. Payments to the PEPP are exempt from the so-called Belka tax, and the funds can be collected both in Polish zloty and euro. The annual payment limit in 2025 is PLN 26,019.
You can transfer funds previously accumulated in IKE to your PEPP account, regardless of the applicable limit.
See also: Pensioners are waiting for their 13th birthday in 2026. Will there be a raise?
European pension. The EC wants changes
The European Commission presented a package of changes regarding the PEPP. These included the unification of PEPP taxation throughout the European Union, which is intended to facilitate the use of the product regardless of the country of residence.
The European Commission also proposes abolishing the current 1% fee limit, replacing it with the “value for money” principle, which assumes the adequacy of costs to the level of risk and expected return.
The new regulations also provide for the abandonment of mandatory investment advice in the basic PEPP variant, which is intended to simplify the process of setting up the product and enable its wider distribution, also online.
See also: Retirement in December. Who will receive two transfers from ZUS?
Additionally, according to the EC's proposal, investors will be able to invest up to 5%. funds accumulated in the PEPP into alternative or unlisted assets, which is intended to improve portfolio diversification and potential long-term rates of return.
The project will now go to the European Parliament and the EU Council.
Poles about retirement: peace, travel, family – but also worries about finances
Finax research shows that 53 percent Poles imagine retirement as “a quiet life, without stress and in the comfort of home.” 38 percent respondents point to traveling and discovering the world, and 32 percent I would like to devote this time to my family and grandchildren. 22 percent plan to lead an active lifestyle, and 11 percent intends to focus on personal development.
At the same time, almost every fifth Pole (19%) admits that insufficient funds for retirement is one of their greatest financial worries. In the group of people aged 45–54, this percentage reaches 30%.
Meanwhile, the replacement rate, i.e. the ratio of the average pension to the last salary, is falling. In 2015 it was 58%, now it is 50%, and by 2060 it may drop to 25%. This means that a person earning PLN 10,000 today PLN per month, in retirement she would receive only PLN 2.5 thousand. zloty.
The project of changes to the PEPP may be one of the tools that will help future retirees secure their financial future.
