In the Polish pension strategy exists little known recipewho can bring heirs to deceased pensioners significant financial benefits. Social Insurance Institution (ZUS) has the means to scope several tens of thousands of zlotys. In order to receive them, authorised persons must submit an appropriate application. This solution concerns the resources collected for ZUS sub-accountwhich are inherited even after the start of the pension payment.
What is simply a subaccount in ZUS?
Subaccount is part of the account of the insured individual in ZUS, operated for persons who are members Open Pension Funds (OFE) or for those who, after 31 January 2014, did not decide to conclude an agreement with OFE. The sub-account records, among others, funds transferred from OFE and any pension contributions. Importantly, these measures are inherited.
Inheritance of funds from the ZUS subaccount
If the insured individual dies, the funds collected on the sub-account may be transferred to the entitled persons. The insured individual shall have the anticipation to identify 1 or more persons entitled to receive these funds by making an application UWU ‘Signature/change of persons entitled to receive funds collected on the insured subaccount’. If specified an indication is not made, the measures are part of the inheritance.
It is worth noting that the individual entitled to receive funds collected on the sub-account in ZUS may be not only a household member, but besides any natural person, for example a friend. Upon the death of the insured person, the Social Insurance Institution shall notify the persons entitled to apply for payment of funds. It is so crucial to update the data of persons entitled to inherit funds on an ongoing basis.
Procedure for applying for funds from the ZUS subaccount
In order to get funds collected on the deceased's sub-account, the authorised individual should:
- Request for the payment of funds in ZUS. The application can be submitted in individual at the ZUS facility or sent by post.
- Attach the essential documents, specified as the death certificate of the insured individual and a paper confirming the identity of the authorised person.
ZUS is obliged to examine the application and to allocate the appropriations entered in the sub-account within the three months from the date of the application.
Taxation of paid appropriations
Payment of funds collected on the ZUS sub-account 19% of the flat-rate income taxation on individuals. ZUS, as a payer, deducts this taxation on the funds transferred, and the amount little taxation goes to the account of the rightholder.
A little-known regulation on the inheritance of funds from the ZUS subaccount can bring crucial financial benefits to the heirs of deceased pensioners. To benefit from this possibility, it is worth:
- Checkwhether the deceased had a sub-account in ZUS.
- Make surewhether persons entitled to inherit funds have been designated.
- Make an appropriate request in ZUS together with the required documents.
This allows you to get resources that can scope even several tens of thousands of zlotys.
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