Hello everybody!

I was working for the Swatch group and quit because I will study at EPFL 100%. Therefore I do not have any other institution of "prevoyance professionel" where the second pillar can go. I am requested to open an account in a bank or assurance company.
Do you have any suggestions?
As far as I understand, the difference is the interest they give for the money. Though I do not find any information online about interests for the second pillar for banks or assurance company. Or maybe I am not understanding...
Is it only about the interest? If so, I imagine that my only way of knowing would be asking face to face in each bank or assurnace company, no?

I am very disoriented about this issue and any info will help. Thanks

You could ask the Migros Bank, they are very generous and socially orientated. If all else fails you can open an account at Credit Suisse or UBS.

Are you sure, I thought it had to be a pension foundation like Swiss Life.

Many banks have these accounts, frozen until you retire.

It's called a vested benefits account. It's an account into which you can pay money, receive interest, but cannot withdraw from, except to put into a pension fund or a similar account with someone else. You can use as pledge, or take early withdrawal for a mortgage.

I've heard that the foundation should be based in a low tax canton like Zug, which charges the lowest tax when you cash in the fund.

Yes, and check the terms of the account operator - do they allow withdrawals (according to the BVG rules) for home ownership, if so how often and up to what age etc. Although the basic rules are set by BVG/LOB I think the vested benefit account can add restrictions beyond these.

Thanks for your knowledge! I did not considered choosing a canton with low tax nor paying close attention to the restrictions thinking it was the same everywhere. Good to learn!

Thanks everybody and if someone else has something to add, I will be more than happy to know.

Check with HR in EPFL. They use Publica as their 2nd Pillar provider (at least till last year). You should be able to transfer your funds there.

Hi
I have some additional question, when you left the country is possible to transfer this money to another EU pension found, not to be frozen in Swiss bank until pension.

Yes that is possible. But the Swiss bank with CHF has given best long term rewards. (Up until now that is! )

I don't have to much money and personally I'm not interesting to store this money here. I just need to now if is possible to transfer this money, all this, not just only a part.
What I understand is possible to take a part of this money by normal transfer and most of them are keep here until I go to pension.

With very restricted investment options, not sure mainly CHF is what I would want.

I had found out that Swiss Post Finance offered the best returns and terms to park your second pillar funds, The term used here is Libre Passage.