Individual Retirement Account

About the product

IRA with investment funds is a very attractive form of investment for your future pension. As a rule funds are entrusted savings for years and as the history shows they yield significant profits. Consistent long-term investment in funds allows to fully benefit from the best times of capital market and minimise the effects of periodic fluctuations.

Save with the IKE - individual pension accounts...


Thanks to regular deposits you will accumulate savings while your reinvested profits will additionally increase the value of the funds on your account.


Long-term saving allows to benefit from the times of highest yields and minimise the effects of periodic fluctuations.


You should choose IKE variant corresponding to your financial capacities and personality, consider your age and stage of life.


Why should you join IRA?

  • Important source of your future pension

It is a common knowledge that the future pension from the mandatory pillars of the reformed pension system (ZUS and OFE) will not ensure satisfactory living standards after completion of our professional activity.

  • Offer addressed to all the earners

This offer is for both young and older earners. It is also an exceptional for commercial entities.

  • Special tax benefits

Profits from IRA savings are exempt from capital gains tax - such benefits are not offered by any other form of individual savings!

  • Deposits without fees and commissions

Investments in Millennium IRA are exempt from subscription fees -100% of deposit is invested.

  • All your family benefits from the IRA savings

IRA holder may appoint persons who will receive the accumulated subfunds in event of death of an investor. The subfunds accumulated on IRA are also exempt from the inheritance tax.

IRA with Millennium investment funds:

  • No fees- Investments in Millennium IRA are exempt from handling charges
  • Professional management - the core business of investment subfunds is to increase the value of the subfunds entrusted.
  • Higher yields - investing in Millennium funds gives in an opportunity of higher-than-average profits in a long-term perspective.
  • Choice - you choose for yourself one or a number of subfunds (Dynamic, Equity, Economic Trend, Stable Growth, Debt Instruments, Deposit)
  • Flexibility - you may change the structure of your savings in the subfunds.
  • Category A participation units are available in IRA.
  • Accessibility - the subfunds provide information on assets value per participation units on a daily basis.
  • Security - the Legislators ensured maximum protection of your interest; operations of IRA with investment fund are subject to strict control by the Polish Securities and Exchanges Commission.

The detailed description of the rules of running IKE contains the agreement and Bylaws and the act of IKE from 20.04.2004.
Detailed information about Millennium funds, including description of risk factors and rules of participation are contained in information prospectus accessible in Millennium branches, on


Investment Fund is an entity having legal personality and operating on the basis of the Act of 27 May 2004 on investment funds, conducting, exclusively, operations involving investing cash collected publicly or not publicly in securities and other property rights provided for in the Act.

In return for payments into the fund investors receive participation units. Their number shows proportional share held by the investor in the investment fund assets. In specified time intervals the fund determines the value of participation units i.e. calculates „net value of fund's assets" assigned to a single participation unit. For this purpose, the fund determines the value of its investment portfolio and divides it by the number of participation units allocated to all participants. The value of participation unit may change on each valuation day.  

The following risks result from investing in investment funds:

  • Sector risk,
  • Credit risk,
  • Short-term price volatility risk,
  • FX risk,
  • Risk of not admitting issuer's securities to regulated market trading,
  • Liquidity risk,
  • Tax risk,
  • Legal risk,
  • Settlement risk,
  • Market risk,
  • Interest rate risk,
  • Risk of loss of capital,
  • Asset or market concentration risk,
  • Level of charges and fees,
  • Product complexity.

Risk description is provided in „Description of Risk Related to Financial Instruments and Products for Individuals in Bank Millennium S.A."1), as available in the Bank's outlets and on the Bank Web site www.

Detailed information on risks and investment strategy can be found in investment fund prospectuses.

Investing in mutual funds involves risk of loss as well as the obligation to pay fees and tax. The Fund does not guarantee  the investment objective or specific investment result. The value of net assets of Millennium Funds is or may be characterised by high volatility due to the composition of investment portfolios. The issuer, the guarantor or the guarantor of securities representing more than 35% of the assets of Millennium Funds (excluding the Millennium SFIO) may be the Treasury, National Bank of Poland, the U.S. government, the European Central Bank or the European Investment Bank. The full description of Millennium Funds, including a description of risk factors is contained in prospectuses and Key Investor Information Documents of individual Funds are available in branches of Bank Millennium S.A., in the seat of Millennium TFI S.A and on the website

Amounts invested in the product are not covered by the guarantee system BFG.

Legal disclaimers

Any information contained in this publication is for information only and does not constitute an offer, recommendation or any invitation sent to anyone (or any group of people) to conclude a transaction on financial instruments presented in it. In particular, information contained in this publication does not constitute an offer within the meaning of the Civil Code Act dated 23 April 1964 and is not a service of investment, financial, tax, legal or any other advice.

The terms contained in this publication are for orientation. Any prices and/or specimen transactions are for illustration purposes only and do not constitute an offer of concluding a transaction on such terms or the indication that a transaction on these terms is feasible. Moreover, no calculations or results presented in this publication guarantee future profits. The actual terms of a transaction on financial instruments will be based on market terms established at the moment of its conclusion. Any available price quotations or analyses contained in this publication have been prepared on the basis of assumptions and parameters reflecting the assessment or choice made by the Bank. The Bank shall provide no guarantee of precision, completeness or reasonableness of such quotations or analyses. 
The recipient of the information in this publication shall exclusively bear the risk of its using in particular with respect to investment decisions on its basis.

Financial transactions are connected with risk detailed in the „Description of the Risk Connected with Financial Instruments or Products at Bank Millennium S.A.", available from the Bank's outlets and website Anyone who purchases a financial instrument shall accept and bear liability under tax obligations resulting from binding regulations. In view of the above risks and circumstances the Bank's clients should have sufficient knowledge and experience to assess the nature of each financial transaction entertained by them and them associated risk. If in any doubt, clients should use the services of a tax, legal or investment advisor. The Bank shall communicate any additional information which will be validly asked for by the Client to enable him the assessment of the risks and nature of the transaction.

The Client's conclusion of a transaction on financial instruments constitutes grounds for recognition that the Client has familiarised himself with the terms of the transaction and associated risks and accepted them

The dissemination and distribution of certain financial instruments and trading in them may be subject to certain limitations with respect to certain persons and states, in accordance with appropriate legislation. It is up to the client to demonstrate the legal capacity or rights to invest in a given financial instrument. Financial instruments can be offered and traded exclusively in compliance with the appropriate provisions of law.
The information in this publication shall be made available exclusively to its Recipient. The Recipient must not copy, reproduce nor communicate or make it available to third parties in any other way, in full or in part (except to his professional advisors) without the Bank's prior written consent.

Funds invested in the product are not covered by the deposit insurance scheme of the Bank Guarantee Fund.  

How to constitute

In our branches

Choose the nearest branch

Prestige Line

Call us

801 12 7000