Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 07.12.2014, 16:54
Newbie 1st class
 
Join Date: Mar 2010
Location: Leistal
Posts: 21
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Kewlswiss has no particular reputation at present
pillar 1 and Pillar 2 related questions

1) Is there any website, which helps to see the balance on Pillar 1 a.k.a AVH ?

2) When any one changes the job, and tranfers from one pension fund to other pension fund (within switzerland), does it lead to reduction of money ?

cheers
Reply With Quote
  #2  
Old 07.12.2014, 17:19
Lakeside's Avatar
Senior Member
 
Join Date: Jan 2011
Location: Kanton Schwyz
Posts: 395
Groaned at 8 Times in 6 Posts
Thanked 335 Times in 178 Posts
Lakeside is considered knowledgeableLakeside is considered knowledgeableLakeside is considered knowledgeable
Re: pillar 1 and Pillar 2 related questions

For the AHV (pillar 1), you have to write to the specific "Kasse" with whom you are registered to know whether all payments are up to date - you can identify the Kasse by the number. There is no loss of funds when you change jobs. (no website to check as this is individual for each person)

For the second pillar, all you and your employer have paid in (minus the risk* contribution) gets transferred to the pension fund of your new employer or if you do not have one right away into a Freizügigkeitskonto at a bank or insurance company (you can choose one) or into the "Zentrale Auffangeinrichtung BVG" (currently the interest rate is better there than the banks who are currently all under 1%!)

Part of what you pay covers accident risk etc., so not all is saved towards your pension.
Reply With Quote
  #3  
Old 07.12.2014, 19:33
Senior Member
 
Join Date: Dec 2010
Location: St Elsewhere
Posts: 332
Groaned at 15 Times in 7 Posts
Thanked 320 Times in 151 Posts
Brass427 has earned the respect of manyBrass427 has earned the respect of manyBrass427 has earned the respect of many
Re: pillar 1 and Pillar 2 related questions

If I remember correctly, the Freizügigkeitskonto is better if you're tranferring directly into a new job (ie with no interruption) but the Auffangeinrichtung is preferable if you are unemployed for a while, but I could be wrong.
Reply With Quote
  #4  
Old 07.12.2014, 22:22
Newbie 1st class
 
Join Date: Mar 2010
Location: Leistal
Posts: 21
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Kewlswiss has no particular reputation at present
Re: pillar 1 and Pillar 2 related questions

Thank you Lakeside and Brass427.

If I understand correctly, the Pension Amount - Risk premium can be 100% transferrable to the new company's pension fund.

The Risk Premium can be transferred to the personal "Freizügigkeitskonto" eg: MY Bank - UBS
(https://www.ubs.com/ch/en/swissbank/...s/account.html) ?

Is that correct ?

cheers
Reply With Quote
  #5  
Old 07.12.2014, 23:16
Newbie 1st class
 
Join Date: Mar 2010
Location: Leistal
Posts: 21
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Kewlswiss has no particular reputation at present
Re: pillar 1 and Pillar 2 related questions

BTW, I have new pension fund from the new employer.

so, does it mean Risk Premium from my old employer cannot be reimbursed at all ?
Reply With Quote
  #6  
Old 08.12.2014, 09:10
Member
 
Join Date: May 2012
Location: Basel
Posts: 145
Groaned at 0 Times in 0 Posts
Thanked 122 Times in 66 Posts
jjake has no particular reputation at present
Re: pillar 1 and Pillar 2 related questions

That's correct - the risk premium is the same as an insurance premium ... it is not saved up anywhere. It is calculated and paid to provide you cover in case of disability or death ...
Reply With Quote
  #7  
Old 08.12.2014, 10:44
Mica's Avatar
Forum Veteran
 
Join Date: Oct 2007
Location: Zurich
Posts: 910
Groaned at 1 Time in 1 Post
Thanked 1,167 Times in 517 Posts
Mica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Quote:
View Post
1) Is there any website, which helps to see the balance on Pillar 1 a.k.a AVH ?
Order a statement of your individual account (also helpful to check whether you have any gaps in payments, which would lead to a reduction of your AHV-pension):
https://www.ahv-iv.ch/en/Leaflets-fo...vidual-account
Reply With Quote
  #8  
Old 19.12.2017, 16:27
DantesDame's Avatar
Forum Veteran
 
Join Date: Jul 2012
Location: Basel
Posts: 1,349
Groaned at 8 Times in 8 Posts
Thanked 1,491 Times in 645 Posts
DantesDame has a reputation beyond reputeDantesDame has a reputation beyond reputeDantesDame has a reputation beyond reputeDantesDame has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Dredging up an old thread to add to it:

I am recently unemployed and have moved my 3a Fund to a separate bank account, so I think I have that bit taken care of. I also determined that it is not possible to contribute to it without being employed, so I guess it will just sit there for a while...

However, for the AHV: should I be contributing to that? It is unclear if that is a fund that I can pay into regardless of my employment status.


This whole Pillar thing goes over my head, I'm afraid
__________________
"You don't know unless you ask"

Like motorcycles? Like photos? Check out my website: www.dantesdame.com
Reply With Quote
  #9  
Old 19.12.2017, 16:55
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Quote:
I also determined that it is not possible to contribute to it without being employed, so I guess it will just sit there for a while...
It wouldn't make much sense to contribute to it anyway with a low income

Quote:
However, for the AHV: should I be contributing to that? It is unclear if that is a fund that I can pay into regardless of my employment status.
You're obliged to pay some minimums into it in any case
https://www.svazurich.ch/ne

It's not a fund, it doesn't work like a bank account. They spend your money right away on current pensions rather than invest in something. What you can get eventually paid out is determined by law, can change any time and it ain't much. Only the AHV you've paid on first 86400 Fr of your salary per year for example goes towards building out the pension benefit. With everything above you're essentially sponsoring swiss retirees for free with nothing in return
Reply With Quote
The following 2 users would like to thank ivank for this useful post:
  #10  
Old 19.12.2017, 17:13
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 31,598
Groaned at 2,354 Times in 1,712 Posts
Thanked 38,401 Times in 18,122 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Quote:
View Post
However, for the AHV: should I be contributing to that?
Only if you are single, or your spouse pays less than CHF 960/year into it.

Tom
Reply With Quote
This user would like to thank st2lemans for this useful post:
  #11  
Old 19.12.2017, 18:47
DantesDame's Avatar
Forum Veteran
 
Join Date: Jul 2012
Location: Basel
Posts: 1,349
Groaned at 8 Times in 8 Posts
Thanked 1,491 Times in 645 Posts
DantesDame has a reputation beyond reputeDantesDame has a reputation beyond reputeDantesDame has a reputation beyond reputeDantesDame has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Quote:
View Post
It wouldn't make much sense to contribute to it anyway with a low income
Mine wasn't the only income in the household, so having a way of storing away money in that account would be nice.

Quote:
View Post
You're obliged to pay some minimums into it in any case
https://www.svazurich.ch/ne

It's not a fund, it doesn't work like a bank account. They spend your money right away on current pensions rather than invest in something. What you can get eventually paid out is determined by law, can change any time and it ain't much. Only the AHV you've paid on first 86400 Fr of your salary per year for example goes towards building out the pension benefit. With everything above you're essentially sponsoring swiss retirees for free with nothing in return
Good to know, thank you
Reply With Quote
  #12  
Old 20.12.2017, 09:09
peaky's Avatar
Senior Member
 
Join Date: Nov 2013
Location: zurich
Posts: 361
Groaned at 6 Times in 6 Posts
Thanked 248 Times in 138 Posts
peaky has earned the respect of manypeaky has earned the respect of manypeaky has earned the respect of many
Re: pillar 1 and Pillar 2 related questions

For your 3a, you should be able to contribute. Depending how long you are unemployed for, depends if it has any tax benefits or not. But As far as I know its not employment related.

For the AHV pension. If you are claiming RAV/Chomage, you will still be paying into the AHV. Depending how much your unemployed benefit is, depends if you are paying the same bracket as you were employed (again depending how long you're unemployed, this could affect the amount you are entitled to at retirement, I wouldnt worry so much about it)

Your company pension, 2nd pillar, this needs moving to a libre passage or vested benefit account. Your company will move this to theirs, which may not pay best interest, so you should look into it. WIR I found to be one of the best. The total amount will be moved and held. On employment again you are obliged to move this into the new pension fund. There is no fees for having the account, opening or closing it. This one is employment related and you cant pay into it unless employed
Reply With Quote
  #13  
Old 25.11.2019, 21:46
venetian's Avatar
Senior Member
 
Join Date: Jun 2016
Location: Zuerich
Posts: 457
Groaned at 2 Times in 2 Posts
Thanked 506 Times in 244 Posts
venetian has a reputation beyond reputevenetian has a reputation beyond reputevenetian has a reputation beyond reputevenetian has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

Hi everybody,

let me resume again this old thread with a couple question about 1st pillar...

- I came to Switzerland at the beginning of 2016. Can I pay AHV contributions before that?
- I am unemployed since end of March, and at the beginning of december (next week) I will start a new job. I have not applied to unemployment benefits. I assume I should pay the contributions for the missing 8 months... should I do it before the end of the year? Should I do it next year?

And, in general... how do I make these payments? I am navigating through a couple of sites in German (e.g. https://www.svazurich.ch/ne) but it would be nice to have some summary here
Reply With Quote
  #14  
Old 28.11.2019, 20:09
venetian's Avatar
Senior Member
 
Join Date: Jun 2016
Location: Zuerich
Posts: 457
Groaned at 2 Times in 2 Posts
Thanked 506 Times in 244 Posts
venetian has a reputation beyond reputevenetian has a reputation beyond reputevenetian has a reputation beyond reputevenetian has a reputation beyond repute
Re: pillar 1 and Pillar 2 related questions

I'll reply to myself, after going to the AHV offices in Zurich.

First, if you are not resident in Switzerland you are not forced to pay the pillar 1, of course, but neither can you do it afterwards. The years before your moving are lost, contrarily to pillar 2.

Second, if you stop working for a while and you are still resident in CH, you can pay the missing contributions later; you don't need to if
- they are paid by unemployment insurance or other similar service
- your spouse is already paying at least twice the minimum
- you already contributed the minimum even without working the entire year
I've been told to worry about it next year, after 2019 calculations are complete, and to talk to my current AHV kasse at the time.

Cheers
Reply With Quote
The following 2 users would like to thank venetian for this useful post:
Reply

Tags
ahv, pillar 2, pillars




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
New form 8938: how to report 2nd pillar / 3a pillar accounts?? rog Finance/banking/taxation 11 23.03.2021 19:17
can 3a pillar be useful in this case? + other questions (eu citizen) superedit Finance/banking/taxation 6 21.02.2012 10:21
Pay into 2nd pillar whilst drawing on 3rd pillar jaudi Finance/banking/taxation 19 12.07.2011 09:05
2nd versus 3rd Pillar + some other questions defcon3 Finance/banking/taxation 0 26.02.2011 18:59
3rd Pillar Questions alanmack Finance/banking/taxation 5 02.12.2009 09:55


All times are GMT +2. The time now is 22:54.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0