XTB Launches IKZE Accounts, Expanding Polish Retirement Options

XTB launches IKZE accounts in Poland, adding tax-advantaged retirement investing to its mobile-first brokerage platform.

Key points:

• XTB expands its Polish retirement offering with new IKZE accounts, providing tax deductions and long-term savings benefits.
• The accounts align with rising demand for retirement planning, following the broker’s successful IKE launch in 2024.

XTB (WSE: XTB) has officially launched Individual Retirement Security Accounts (IKZE), expanding its suite of retirement investing products for domestic clients. The move comes after months of preparation and aims to meet growing demand among Poles for tax-efficient long-term savings solutions.

The broker began rolling out the new accounts to customers this week, with full availability expected within days. XTB had initially planned to debut IKZE accounts in the first quarter of 2025 but pushed the timeline back to mid-year.

XTB Launches IKZE Accounts, Expanding Polish Retirement Options

“Introducing IKZE was a natural step in further developing our offering,” said Omar Arnaout, CEO of XTB. “After the success of our IKE accounts, which met with great interest from clients, we clearly see that Poles are increasingly thinking about their financial future and want to invest consciously and effectively.”

The new accounts also complement XTB’s existing IKE (Individual Retirement Accounts), which the broker launched in late 2024. XTB already provides similar tax-advantaged products in other European markets, including ISAs in the UK and PEA accounts in France.

In line with XTB’s mobile-first strategy, customers can open IKZE accounts exclusively through its smartphone app. A desktop version is not expected until 2026. Account transfers from other brokers will be phased in gradually through the end of 2025, allowing XTB to manage the rollout and ensure smooth onboarding.

IKZE clients will have access to the broker’s full suite of Polish and international stocks and ETFs. XTB’s competitive pricing model remains unchanged: no commissions on stock and ETF trades up to €100,000 monthly, followed by a 0.2% fee with a €10 minimum. A 0.5% currency conversion fee applies to foreign investments. Like IKE balances, IKZE portfolios are exempt from the custody fees that XTB normally charges on larger holdings.

Tax Benefits Boost Popularity

The launch follows a clear trend: Poles are showing greater interest in retirement planning. Government figures reveal that more than 593,000 IKZE accounts were active nationwide at the end of 2024, with over 122,000 managed through brokerage platforms.

The appeal lies in the tax incentives. Unlike IKE accounts, which focus on tax-free investment growth, IKZE accounts allow investors to deduct annual contributions from taxable income, immediately lowering their annual tax bill. To enjoy the full benefits, investors must contribute for at least five years and wait until age 65 to withdraw, at which point a flat 10% tax applies to the balance, typically lower than standard income or capital gains taxes.

For 2025, the annual contribution limit is 10,408 zloty for employees and 15,611 zloty for self-employed individuals. For higher earners, this could translate into tax savings of up to 3,330 zloty per year.

Consequently, early withdrawals incur a 200-zloty fee if made within 12 months of opening the same policy that XTB applies to its IKE accounts.

Ultimately, XTB’s latest offering positions it to capture more of Poland’s growing retirement investing market. As more individual investors look to secure their long-term financial future, the broker’s mobile-first approach and competitive pricing could prove key differentiators.

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