Accounts in Greece
Every kind of account and pension the planner offers in Greece: what each one is, when money can come out, how it is taxed, and the pages we read the rules from.
Greece has no tax-free investment account and no personal pension account you draw down, so the money step has a single row: the ordinary investment account. That is a fact about Greek law, not a gap in the planner, and Greece needs such an account less than most countries: European funds held in an ordinary account already pay no Greek tax on what they earn or on the profit when you sell.
Voluntary pension products do exist, chiefly occupational funds (TEA) and group pension contracts, but almost nobody holds one: 0.3% of Greek households, against 27.5% across the euro area. They pay an income or a lump sum rather than a balance you draw on, so they go in the pension step or as a one-off lump.
Rules as of the 2026 tax year, read from the authorities on 2026-07-27. Each account lists the pages we read it from.
Accounts you can enter
Investment account
European funds are the common way to invest here, and both what they pay out and the profit when you sell are free of Greek tax. Bank interest and dividends from shares you hold directly are taxed.
An account at a bank or broker. What you hold in it decides the tax, which is why the money step asks. European funds and funds from a Greek manager pay no Greek tax on what they pay out or on the profit when you sell; a Greek fund pays a small yearly charge itself. Shares you hold yourself pay 5% on dividends and nothing on the profit. Interest on a bank savings account is taxed at 15%. An American fund pays 15% on the profit and 30% American tax on its dividends.
Unless you say otherwise, the plan assumes your cash sits inside a fund, which is untaxed. Much of what Greek households save sits on bank deposits instead, so if yours does, choose the bank savings account for your cash.
How it is taxed, rate by rate, is on the tax page.
- In the withdrawal orders
- With the ordinary accounts
- Pays out
- Whenever you like
- At the first death
- Your partner takes it over as it stands
Where other things you hold go
- Occupational fund (TEA) or group pension contract
- Enter its pension in the pension step and its lump sum as a one-off lump, both after tax. What it pays is taxed at its own low flat rate, set by when the money was saved and by your age or years in the fund, which the plan cannot apply yet; entered after tax, the figure is exact. A law of August 2026 sets new rates for money saved from 2027.
- Lump sum from a public or sector fund at retirement (εφάπαξ)
- Enter it as a one-off lump in the year it is paid. It is not taxed as income.
- Auxiliary pension, including the funded auxiliary scheme (TEKA)
- Enter it in the pension step as a standard pension. It is taxed on the same scale as the main pension.
- Life insurance with a savings part
- Enter what you expect to receive as a one-off lump in the year it pays, after tax. The premiums come back untaxed; only the return above them is taxed.
- A pension from abroad under the 7% flat rate for new residents
- Enter it in the pension step. The plan always uses the normal scale, so for someone who chose the flat rate it shows far too much tax.