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-   -   Escal Swiss State pension simulation (https://www.englishforum.ch/finance-banking-taxation/301058-escal-swiss-state-pension-simulation.html)

ipoddle 04.11.2020 14:59

Escal Swiss State pension simulation
 
Hi

I was interested to try to forecast my probably swiss state pension using
https://www.acor-avs.ch/requerant

It didn't ask how long I've been working in CH. I assume that's a factor ? Any insights ?

roegner 04.11.2020 15:01

Re: Escal Swiss State pension simulation
 
I think you can add that at the last part "insured with the OASI" and then change to the years you´ve been here.

ipoddle 04.11.2020 15:03

Re: Escal Swiss State pension simulation
 
thanks... missed that

ipoddle 04.11.2020 15:28

Re: Escal Swiss State pension simulation
 
mmmm... changing the OASI dates to take account of how long i've worked here made sense

but.. i have my doubts on the tool beyond that.. i changed my salary 'a lot' and kept getting the same pension amount

fatmanfilms 04.11.2020 15:30

Re: Escal Swiss State pension simulation
 
You can even do exact salary for each year to get a more accurate no.

roegner 04.11.2020 15:34

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by ipoddle (Post 3235481)
mmmm... changing the OASI dates to take account of how long i've worked here made sense

but.. i have my doubts on the tool beyond that.. i changed my salary 'a lot' and kept getting the same pension amount


If your salary always was at the higher end, it does not increase your AHV as the AHV is capped anyway.

aSwissInTheUS 04.11.2020 15:59

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by fatmanfilms (Post 3235484)
You can even do exact salary for each year to get a more accurate no.

Maybe I am missing something but it looks like this is no longer possible with the current ESCAL. (It was in the past)

Edit: Still possible. Once you get the result you have the option to edit each an every year.
Best result if you have your personal AHV account statement which you can order here:
https://www.ahv-iv.ch/en/Leaflets-fo...vidual-account

ipoddle 04.11.2020 16:00

Re: Escal Swiss State pension simulation
 
Thanks again...

So, yep I'm seeing a pro-rated 'cap' on what I'll get out of Pillar 1.. but my % contributions out of my salary.. are not capped ?

That's how I'm reading this

https://www.ahv-iv.ch/p/890.e

In the case of salaried individuals, the employee and the employer each pay half of the total contribution, i.e. 4.35 % of the income on which OASI contributions must be paid (no upper limit).
The employer must transfer the total contribution directly to the OASI compensation office.


and

Individuals who reach retirement age are entitled to an old-age pension. In Switzerland,
retirement age for women is 64, while for men it is 65. The monthly old-age pension ranges
from a minimum of 1 185 Swiss francs to a maximum of 2 370 Swiss francs.


(I did see a way to change the spread of your salaries per year of paying in.. the button is there somewhere... but I'm starting to think the 'cap' is quite low (for an average expat salary anyway))

aSwissInTheUS 04.11.2020 16:04

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by ipoddle (Post 3235498)
So, yep I'm seeing a pro-rated 'cap' on what I'll get out of Pillar 1.. but my % contributions out of my salary.. are not capped ?

Correct. That is the social part of the social insurance.

fatmanfilms 04.11.2020 16:05

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by aSwissInTheUS (Post 3235494)
Maybe I am missing something but it looks like this is no longer possible with the current ESCAL. (It was in the past)

Edit: Still possible. Once you get the result you have the option to edit each an every year.
Best result if you have your personal AHV account statement which you can order here:
https://www.ahv-iv.ch/en/Leaflets-fo...vidual-account

I am pleased you worked it out, I did it about 3 weeks ago so knew it should work.

roegner 04.11.2020 16:09

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by ipoddle (Post 3235498)
Thanks again...

So, yep I'm seeing a pro-rated 'cap' on what I'll get out of Pillar 1.. but my % contributions out of my salary.. are not capped ?

That's how I'm reading this

https://www.ahv-iv.ch/p/890.e

In the case of salaried individuals, the employee and the employer each pay half of the total contribution, i.e. 4.35 % of the income on which OASI contributions must be paid (no upper limit).
The employer must transfer the total contribution directly to the OASI compensation office.


and

Individuals who reach retirement age are entitled to an old-age pension. In Switzerland,
retirement age for women is 64, while for men it is 65. The monthly old-age pension ranges
from a minimum of 1 185 Swiss francs to a maximum of 2 370 Swiss francs.


(I did see a way to change the spread of your salaries per year of paying in.. the button is there somewhere... but I'm starting to think the 'cap' is quite low (for an average expat salary anyway))

That is also capped, you only pay those percentages up to the highest amount, if you earn more you do not pay over the full amount. Should be visible on yourpayslip?

ipoddle 04.11.2020 16:15

Re: Escal Swiss State pension simulation
 
My payslip does not indicate if my AHV payment is capped it just shows a % of my gross salary going to AHV. I don't think AHV contributions are capped.

Thanks again for the feedback.. basically I've finally, Ostrich like, started to wonder about pension paybacks.. and might well start to nose around in the sand again.

aSwissInTheUS 04.11.2020 16:46

Re: Escal Swiss State pension simulation
 
Quote:

Originally Posted by roegner (Post 3235507)
That is also capped, you only pay those percentages up to the highest amount, if you earn more you do not pay over the full amount. Should be visible on yourpayslip?

No. AHV contribution is not capped. That is exactly what the part you have quoted says:

Quote:

4.35 % of the income on which OASI contributions must be paid (no upper limit).
What "the income on which OASI contributions must be paid" is can be found in Section 10 of https://www.ahv-iv.ch/p/2.01.e
Quote:

The salary on which contributions have to be paid is referred to as the relevant salary. It comprises all remuneration paid in Switzerland or abroad which employees receive for the work they do, including in particular:

a) Hourly, daily, weekly and monthly wages etc., as well as piecework and bonus pay, including bonuses and compensation for overtime, night work and deputizing for colleagues;
b) Local weighting and cost-of-living allowances;
c) Gratuities, long-service awards, loyalty and performance bonuses, incentive payments and risk premiums and similar remuneration;
d) Pecuniary benefits from employee share-ownership plans; the timing of the collection of contributions and the valuation are governed by the rules on direct federal taxation;
e) Gains up to the usual industry salary for employees who also hold equity rights in the company and who receive no pay or inappropriately low pay for the work they do while at the same time receiving an obviously excessive dividend;
f) Remuneration of limited partners resulting from an employment relationship with the limited partnership;
g) Service payments and gratuities if these form an essential component of pay;
h) Regular payments in kind such as board and accommodation (see section 12), private use of company cars, company housing, etc.;
i) Commission payments;
j) Emoluments, fixed compensation and meeting fees for members of the Board of Directors and executive bodies;
k) Income of members of federal, cantonal and municipal authorities;
l) Emoluments and annual allowances for insured persons employed in the public service;
m) Fees of lecturers and teaching staff with similar pay arrangements;
n) Continued payment of wages after an accident or illness (excluding insurance benefits);
o) Continued payment of wages and income compensation for persons performing military or civilian service and those on maternity leave;
p) Employee contributions to the OASI, DI, IC or UI schemes paid by employers and taxes paid by employers; an exception is made for the payment of employee contributions on benefits in kind and all-in wages;
q) Vacation and public holiday compensation payments;
r) Benefits paid by the employer on termination of employment, unless excluded from the relevant salary (see leaflet 2.05 - Payments received on termination of employment);
s) Daily UI payments and insolvency compensation (compensation in cases of bankruptcy);
t) Loss of earnings while on short-time working hours or during work stoppages due to bad weather within the meaning of UI (see leaflet 2.11 - Beitragspflicht auf Kurzarbeits- und Schlechtwetterentschädigungen (Compulsory contributions to schemes to compensate for short-time working hours and bad weather));
u) Daily DI payments;
v) Daily military insurance payments;
w) Compensation paid by employers for normal commuting expenses and for employees’ usual subsistence expenses.


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