Withdrawal from PPK for own contribution is only possible with a mortgage loan

A PPK participant - based on an agreement concluded with the financial institution that maintains his PPK account - may make a one-off withdrawal of up to 100% of the value of the funds accumulated in that PPK account, with the obligation to return them at their nominal value, in order to cover his own contribution.

According to the definition contained in the PPK Act, "own contribution" is the required cash funds intended to finance part of the costs of construction or reconstruction of a residential building, payment of part of the purchase price of ownership of a residential building, a residential premises constituting a separate real estate or a cooperative ownership right to a residential premises, acquisition of ownership of a land property or part thereof, acquisition of a share in the joint ownership of a residential building or a residential premises constituting a separate real estate or a share in a land property, which the loan applicant declares to cover from his or her own funds in order to grant the loan referred to in Art. 3, Section 1 of the Act on Mortgage Loans and on the Supervision of Mortgage Loan Intermediaries and Agents (hereinafter referred to as the "Mortgage Loan Act").