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Old 16.04.2015, 15:15
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Looking for information on self- employment and pension schemes

Hi
I am thinking I might start investing in a Swiss pension but am not sure where to start- I have read the sticky above, but as a self -employed person in Switzlerland I am still unsure of what the best thing to do is... Can someone advise, or point me to the correct thread if this has already been covered before? I have been working part time teaching English in CH for 4 years now (paying tax and AVS) with a small income ... I am 41, married (to a Swiss).. But have no idea of my entitlements when either he, or I retire! He's is not much more informed that I am for the record! Given that I could be working another 20+ years here, I think I should start to invest now.
Any advice gratefully taken!
M
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Old 16.04.2015, 16:19
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Re: Looking for information on self- employment and pension schemes

Before you fall into the arms of greedy financial salesmen, why not inform yourself with a book from a Swiss consumer magazine?

There are many pitfalls, and when you find out you have made a poor choice, it will be too late!

http://www.beobachter.ch/buchshop/vorsorge-geld/shop-produkt/vorsorgen-aber-sicher/

https://www.ktipp.ch/buch-shop/buchd...ook_id=1029415
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Old 16.04.2015, 18:21
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Re: Looking for information on self- employment and pension schemes

Do you offer private tuition in English? If not, it's worth considering, it's less stressful than teaching in school and it will help you obtain more capital.
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Old 16.04.2015, 22:18
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Re: Looking for information on self- employment and pension schemes

Quote:
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Hi
I am thinking I might start investing in a Swiss pension but am not sure where to start- I have read the sticky above, but as a self -employed person in Switzlerland I am still unsure of what the best thing to do is... Can someone advise, or point me to the correct thread if this has already been covered before? I have been working part time teaching English in CH for 4 years now (paying tax and AVS) with a small income ... I am 41, married (to a Swiss).. But have no idea of my entitlements when either he, or I retire! He's is not much more informed that I am for the record! Given that I could be working another 20+ years here, I think I should start to invest now.
Any advice gratefully taken!
M
I'm not sure that you will find any company will to offer a 2nd Pillar pension to a self-employed person because of the risk factors. However as a self-employed person you can pay more into the 3rd pillar account.
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Old 17.04.2015, 11:19
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Re: Looking for information on self- employment and pension schemes

Hi Morphopera!

It is never too late to start investing in a Swiss pension! As a self employed, it's possible that you don't have an occupational pension plan (2nd pillar). But you do have the mandatory first pillar which is AVS/AI and unemployment insurance.

You can still invest in a private pension plan which is the 3rd pillar (although you might not have the 2nd pillar)! Self-employed persons without an occupational pension plan can pay in up to 20 % of their annual earned income, but a maximum of CHF 33'840.

You can also choose between the 3a pillar or the 3b one. With the first one, you have tax deductible contributions but you cannot take your savings out any time you like. The second one has fewer tax advantages but there are also less restrictions!

You can have a look on this website that provides useful information and advice about pensions plans and Swiss life in general: https://www.ch.ch/en/3rd-pillar/

If you need an english speaking advisor, a specialised agency like Creditloan can offer you a free analyse of your financial situation if order to find you a third pillar plan that is adapted to you! http://creditloan.ch/retirement-pension-in-switzerland

I hope I could help answering your question! I wish you the best with your future plans! Kind regards.
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