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Old 25.09.2009, 14:11
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BVG, Sammelstiftung (SS)

We've sorted out most of the insurances, taxes, AHV, etc for our nanny. The last thing we need to do is to find a fund to open a BVG account for her. We approached a couple of larger insurers (AXA, Zurich) and some other ones I've never heard of - none of them will do it for an individual on a relatively low salary.

A couple suggested we use this company - www.aeis.ch. So I rang them.

Our nanny falls in the 35-44 age group, and I thought the requirement for her was around 10% total (for the salary above $23,940). This fund says we must contribute 17.8%. Given my non-existent German, and the limited english of the person I spoke to, I couldn't work out why it is so much higher. I know there are death and disability insurances, and admin fees, but an extra 7.8% for that seems high.

Has anyone done something similar? What were the charges? And is this fund the only option?
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Old 25.09.2009, 14:23
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Re: BVG, Sammelstiftung (SS)

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We've sorted out most of the insurances, taxes, AHV, etc for our nanny. The last thing we need to do is to find a fund to open a BVG account for her. We approached a couple of larger insurers (AXA, Zurich) and some other ones I've never heard of - none of them will do it for an individual on a relatively low salary.

A couple suggested we use this company - www.aeis.ch. So I rang them.

Our nanny falls in the 35-44 age group, and I thought the requirement for her was around 10% total (for the salary above $23,940). This fund says we must contribute 17.8%. Given my non-existent German, and the limited english of the person I spoke to, I couldn't work out why it is so much higher. I know there are death and disability insurances, and admin fees, but an extra 7.8% for that seems high.

Has anyone done something similar? What were the charges? And is this fund the only option?
That is the state-run provident fund of-last-resort. It has all the bid risks and may be poorly managed. Hence, it is expensive.

If no commercial insurer will have you, then aeis is the unattractive fund.
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