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Old 10.12.2020, 10:15
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Looking for 3a Pillar Advice - will pay!

Hello all,

I'm looking for an Independent 3a adviser that can help me understand what best to do with a 3a policy I currently have with an Insurance company. I want to know if it is best to freeze OR transfer out OR lower the monthly payment etc..

Please PM me, I am happy to pay for time.

Thank you
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Old 10.12.2020, 10:31
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Re: Looking for 3a Pillar Advice - will pay!

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Hello all,

I'm looking for an Independent 3a adviser that can help me understand what best to do with a 3a policy I currently have with an Insurance company. I want to know if it is best to freeze OR transfer out OR lower the monthly payment etc..

Please PM me, I am happy to pay for time.

Thank you
Best is to schedule a few appointments with banks and discuss your concerns.

You'll then have a better idea about what you need to do.

Cost : CHF 0
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Old 10.12.2020, 10:37
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Re: Looking for 3a Pillar Advice - will pay!

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Best is to schedule a few appointments with banks and discuss your concerns.

You'll then have a better idea about what you need to do.

Cost : CHF 0

Thank you dear Jeep Life, I have already done that, but they are individually invested in selling their own products.

I would like to speak with someone completely independent that can look at my situation from a more "detached" place.
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Old 10.12.2020, 10:49
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Re: Looking for 3a Pillar Advice - will pay!

If it's a life insurance + 3a pillar combined, the only rational advice is:
Get out as soon as you can, and accept any incurred losses as a life learning.

Keep your insurances and savings/investments separate.
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Old 10.12.2020, 10:50
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Re: Looking for 3a Pillar Advice - will pay!

Just ask EF. We have world leading financial advisers, constitutional legal experts as well as the best epidemiologists
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Old 10.12.2020, 10:56
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Re: Looking for 3a Pillar Advice - will pay!

I decided to stop with the 3rd pillar. Most likely I will be living outside of CH when I hit pension age. The new country may judge the freed-up 3rd pillar as income and tax me on it. Better then to now pay the low CH taxes...
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Old 10.12.2020, 12:42
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Re: Looking for 3a Pillar Advice - will pay!

I'm going to sound really naive, but why would the 3rd pillar be considered income by any government? I thought it was basically a tax-deductible savings account?
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Old 10.12.2020, 19:53
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Re: Looking for 3a Pillar Advice - will pay!

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If it's a life insurance + 3a pillar combined, the only rational advice is:
Get out as soon as you can, and accept any incurred losses as a life learning.

Keep your insurances and savings/investments separate.

Thank you! Indeed, lesson well and truly learnt



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Just ask EF. We have world leading financial advisers, constitutional legal experts as well as the best epidemiologists
Thank you


I'm very grateful for this forum and all that contribute.

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Old 10.12.2020, 20:16
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Re: Looking for 3a Pillar Advice - will pay!

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Thank you! Indeed, lesson well and truly learnt





Thank you


I'm very grateful for this forum and all that contribute.

Finpension is generally considered the best 3a provider. If in doubt buy an SP500 or Russell 3000 tracker.
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Old 10.12.2020, 21:15
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Re: Looking for 3a Pillar Advice - will pay!

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Finpension is generally considered the best 3a provider. If in doubt buy an SP500 or Russell 3000 tracker.
Thank you for the additional helpful tips!
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Old 10.12.2020, 22:11
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Re: Looking for 3a Pillar Advice - will pay!

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I decided to stop with the 3rd pillar. Most likely I will be living outside of CH when I hit pension age. The new country may judge the freed-up 3rd pillar as income and tax me on it. Better then to now pay the low CH taxes...
I could never understand the nature of this concern. Couldn't you get a bank card linked to your 'freed up' 3rd pillar and use it tax free in any locale where you happened to be?
Are you planning to cash 3rd pillar out and transfer it to UK or any other country to trigger audit and taxation? Why?
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Old 11.12.2020, 08:57
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Re: Looking for 3a Pillar Advice - will pay!

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I could never understand the nature of this concern. Couldn't you get a bank card linked to your 'freed up' 3rd pillar and use it tax free in any locale where you happened to be?
How would you do that (have a bank account into which you would "cash out" the 3a, and then pull it out via card) while not being a CH resident (which would be a requirement in the first place to cash it out)?

Last edited by gipfelisturmer; 11.12.2020 at 11:30.
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Old 11.12.2020, 09:36
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Re: Looking for 3a Pillar Advice - will pay!

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I'm going to sound really naive, but why would the 3rd pillar be considered income by any government? I thought it was basically a tax-deductible savings account?
Well, for those subject to Uncle Sam's long reach, Swiss pension schemes are not considered qualified pension plans. So we 'Merikins have been paying US tax on those funds, our contributions as well as the employer's, all along. Those who are not aware of that little gotcha might end up with a rather surprising US tax bill.

Hence why we have decided not to contribute to the voluntary part. For us there is little to no tax benefit.

Come to think of it, it actually wasn't our decision alone. Some years ago OH's company kicked Americans out of their Pillar 3 plan, due to all the pesky regulations about what an American can or cannot invest in.

IIRC, there is something in the works that might change the IRS stance that Swiss pensions are not qualified plans... but for now, that's our reality.




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Old 12.12.2020, 12:12
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Re: Looking for 3a Pillar Advice - will pay!

On related but separate note, for depositing into pillar 3a there are two levels:

for 2020:
- For beneficiaries with a pension fund: 6826 Swiss francs
- Without a pension fund: 34 128 Swiss francs (max. 20% of net income)

I started a new job in the UK since the spring, but working remotely from CH (therfore not paying UK tax, using 'NT' tax code). I will be paying tax in CH in the normal way with tax return etc. Therefore it makes sense to do a pillar 3a deposit. I assume the category 'without a pension fund' doesnt apply to me; I do make pension contributions with my new employer, but of course its based in the UK not CH. Does anyone know whether there are exceptions?
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Old 13.12.2020, 15:03
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Re: Looking for 3a Pillar Advice - will pay!

Yeah I still don't get it. I contribute to my pillar 3 with income I've already declared to the IRS, and its not really making any money, just saving.


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Well, for those subject to Uncle Sam's long reach, Swiss pension schemes are not considered qualified pension plans. So we 'Merikins have been paying US tax on those funds, our contributions as well as the employer's, all along. Those who are not aware of that little gotcha might end up with a rather surprising US tax bill.

Hence why we have decided not to contribute to the voluntary part. For us there is little to no tax benefit.

Come to think of it, it actually wasn't our decision alone. Some years ago OH's company kicked Americans out of their Pillar 3 plan, due to all the pesky regulations about what an American can or cannot invest in.

IIRC, there is something in the works that might change the IRS stance that Swiss pensions are not qualified plans... but for now, that's our reality.




(For those blessed with a passport of another color - never mind. )
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Old 16.01.2021, 23:15
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Re: Looking for 3a Pillar Advice - will pay!

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On related but separate note, for depositing into pillar 3a there are two levels:

for 2020:
- For beneficiaries with a pension fund: 6826 Swiss francs
- Without a pension fund: 34 128 Swiss francs (max. 20% of net income)

I started a new job in the UK since the spring, but working remotely from CH (therfore not paying UK tax, using 'NT' tax code). I will be paying tax in CH in the normal way with tax return etc. Therefore it makes sense to do a pillar 3a deposit. I assume the category 'without a pension fund' doesnt apply to me; I do make pension contributions with my new employer, but of course its based in the UK not CH. Does anyone know whether there are exceptions?
Im not sure this presumption is correct. I'd be asking one of the 3a companies - viac, finpension etc.
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Old 17.01.2021, 11:31
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Re: Looking for 3a Pillar Advice - will pay!

Can try here: https://www.bvgauskuenfte.ch/termin/2021-02-03-2/
All free and can even get advice in English.
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Old 24.02.2021, 06:41
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Re: Looking for 3a Pillar Advice - will pay!

I do have 2 accounts 3a Pillar, as when you get the money back, you pay less tax in Switzerland if you have less money in the account. Banker said have more than 50.000 fr in one account for tax reasons. I do both have them with a bank but Versicherungen do that too. I’m lucky I have a good banker & went to him. He said that usually you put 30% of your salary a year in the 3a Pillar which I don’t do, but is good to know.
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Old 24.02.2021, 08:42
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Re: Looking for 3a Pillar Advice - will pay!

How on earth can you put 30% of your salary to pillar 3a???????? If you pay contributions to pillar 2, contribution to pillar 3a is capped at roughly CHF6800 per year...
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Old 24.02.2021, 09:00
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Re: Looking for 3a Pillar Advice - will pay!

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How on earth can you put 30% of your salary to pillar 3a???????? If you pay contributions to pillar 2, contribution to pillar 3a is capped at roughly CHF6800 per year...
If you are self employed and don't have a pillar 2. Not as much as 30% I think but you can put in a lot more.
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