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Old 22.07.2020, 13:21
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can we get some money from our AHV account for business purpose ?

Hello everyone .
hope you all doing well .i have a question .

can we get some money from our AHV account for business purpose ? i heard that from my friend .is it true ?when yes how can i get that ?and what are the requirements for it ? also how many % we can get from our AHV account ?

keenly looking for your replay .
thank you in advance

best regards
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Old 22.07.2020, 13:26
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Re: can we get some money from our AHV account for business purpose ?

Have a look here:


https://www.ch.ch/en/withdraw-pension-early/
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Old 22.07.2020, 13:39
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Re: can we get some money from our AHV account for business purpose ?

thank you for the quick replay . but it is for pension funds ,im looking for AHV funds .is both same ? i do not know this both under one management or not .
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Old 22.07.2020, 13:41
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Re: can we get some money from our AHV account for business purpose ?

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thank you for the quick replay . but it is for pension funds ,im looking for AHV funds .is both same ? i do not know this both under one management or not .
Yes, AHV is your pension fund. This is the state mandated fund which everyone has to pay into.
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Old 22.07.2020, 13:53
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Re: can we get some money from our AHV account for business purpose ?

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Yes, AHV is your pension fund. This is the state mandated fund which everyone has to pay into.
thank you ,i got it now .
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Old 22.07.2020, 17:14
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Re: can we get some money from our AHV account for business purpose ?

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thank you for the quick replay . but it is for pension funds ,im looking for AHV funds .is both same ? i do not know this both under one management or not .
You can only take money from the 2P and 3P, not the 1P (AHV).

Tom
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Old 22.07.2020, 17:16
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Re: can we get some money from our AHV account for business purpose ?

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Yes, AHV is your pension fund. This is the state mandated fund which everyone has to pay into.
AHV is ONE of one's pension funds (1P), but you cannot take money from it for a business or buying a home, you can only use 2P and 3P for that.

Tom
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Old 22.07.2020, 18:55
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Re: can we get some money from our AHV account for business purpose ?

Please think carefully about making this move. I know someone who raided their pension fund about 20 years ago to set up a business.

The business failed and he is now retired and living off the 1st pillar basic pension - and finding life hard, just when it should be easy...
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Old 22.07.2020, 19:00
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Re: can we get some money from our AHV account for business purpose ?

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Yes, AHV is your pension fund. This is the state mandated fund which everyone has to pay into.
This seems to relate to pension funds as in 2nd pillar. AHV, the state one, is 1st pillar. And I am not sure you can withdraw that early. Not saying you cannot, just not sure the link is clear.
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Old 22.07.2020, 22:03
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Re: can we get some money from our AHV account for business purpose ?

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Please think carefully about making this move. I know someone who raided their pension fund about 20 years ago to set up a business.

The business failed and he is now retired and living off the 1st pillar basic pension - and finding life hard, just when it should be easy...
This is only true to some degree.

If you only receive AHV (because you either never built up a 2nd pillar, or actually used it up for "business" like in your example), and don't hold a larger fortune, you're eligable to receive "Ergänzungsleistungen". Those will be just as high as someone paying into AHV all life + having a lower income (and thus not such high 2nd pillar)

You can do the calculations yourself:

https://form.ahv-iv.ch/orbeon/fr/AHV-IV/EL_Tool/new

If you get a monthly AHV of 2000 CHF (yeah, it's possible to get a bit more, but not that much more) then the yearly Ergänzungsleistungen (for a single person) will be 22k, ie almost as much as your AHV.

Calculate it yourself..

It's quite shocking actually.. unless you're having a decent income so your 2nd pillar will be above the Ergänzungsleistungen (and to get 1.8k monthly, it has to be high!), it's better to "blow" it at least 5 years ahead of pensions..

If you save up 300k in the second pillar, that's even with the current 6.8% (Which will be reduced..) just about those 20k yearly. And then we're just about even.. while you could actually use those 300k for your offsprings AND get Ergänzungsleistungen after retirement..

For those to expect having less than 300k in their second pillar by retirement, it literally means to buy some property, and then giving it to their children at least 5 years before retirement.

Your aquaintance either owns property, or otherwise wealth, if they can't claim the Ergänzungsleistungen.
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Old 24.07.2020, 16:00
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Re: can we get some money from our AHV account for business purpose ?

Thank you all . i do not want to talk the whole amount .but after you guys said me , i have to re think about it .of course it will be a bad move when i fail it .

thank you
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