Swiss 3rd pillar pension plan - Geneva forums - Geneva

Forums in Geneva > Geneva > Swiss 3rd pillar pension plan

Only members can see names and photos

Swiss 3rd pillar pension plan

Nov 1, 2013 @ 21:20

I need help on understanding more the Swiss 3rd pillar pension, can anyone help on the following questions:

1)how to make the good choice among many banks, i mean of course the high interest rate is attracitve, but how to make a choise among them, the duration of being retired will be significantly long.

2)in case for whatever reason, before retirement I cannot stay in Switzerland anymore, how it will work? Will the savings be refunded or, do I have to wait until the retirement age?

3)does it matter if I leave Switzerland without resident permit, but I keep saving monthly from home country?

4)if finally I stay in Switzerland until the retirement age, how the payment will it be, by month or one-off payment?

I guess someone who has experienced before who be the expert to help me, I have no clue how it works and definitely be very much appreciated of your anwers. Many thanks in advance.

Jessica

The text you are quoting:

I need help on understanding more the Swiss 3rd pillar pension, can anyone help on the following questions:

1)how to make the good choice among many banks, i mean of course the high interest rate is attracitve, but how to make a choise among them, the duration of being retired will be significantly long.

2)in case for whatever reason, before retirement I cannot stay in Switzerland anymore, how it will work? Will the savings be refunded or, do I have to wait until the retirement age?

3)does it matter if I leave Switzerland without resident permit, but I keep saving monthly from home country?

4)if finally I stay in Switzerland until the retirement age, how the payment will it be, by month or one-off payment?

I guess someone who has experienced before who be the expert to help me, I have no clue how it works and definitely be very much appreciated of your anwers. Many thanks in advance.

Jessica

Jessica GNov 1, 2013 @ 21:20

Your Reply:

! Report to Admin

1 Replies | 1200 Views Subscribe to Thread | Send to friend

Only members can see names and photos

Re: Swiss 3rd pillar pension plan

Post 1

Nov 6, 2013 @ 14:50

Hello,

1) basically, products in all banks are the same, the most important choice is to know if you want something with a fixed interest, or with some stocks/bonds to have a bit more risks but a higher potential of interests. You also have the possiblity to make in in an insurance, where you trade the "obligation" to pay a fixed premium every year in exchange of some cover (death and/or not being able to work due to health problems).

2) If you leave Switzerland, you are allowed to claim the current value of your 3rd pillar

3) In theory, you can't pay a 3rd pilalr without being in Switzerland. But there are many people who start one while being in Switzerland, leave for a few years while continuing to pay it, then come back here. Of course you can't deduct it from your tax when it happens, as you're not paying taxes here anymore

4) To my knowledge, in all banking products it'll be a one-time payment (a 3rd pillar in a bank is mostly just like any bank account with a better interest rate but less access to the money + tax deductions). In insurance you usually have a bit more choice, but in most case it's also a one-off payment.

I work as a retirment specialist for the Allianz insurance company, so if you (or someone else reading this) need more details or an appointment to try to look what are the best solutions for you, feel free to send me a message here and I'll get back to you.

Kind regards,

Rémy