Vested Benefits account

If you pay into an occupational pension fund and decide to leave your job, then our Vested Benefits account is for you. It lets you continue growing your retirement savings while you are not working.

Highlights

  • The interest you receive is not subject to income tax and is net of Switzerland's withholding tax.
  • The money in your account is not subject to wealth tax; it is taxed at a reduced rate when you take it out.
  • When you die, your vested benefits go to the legal beneficiaries and are not treated as part of your estate.

Details

If you leave your employer before you become eligible for benefits, your vested benefits are transferred to your new employer’s pension fund. If you don’t have a new employer, the vested benefits will be deposited in a vested benefits account in your name. The account will be fully secure and earn interest at a higher rate than a typical savings account. You will receive the benefits when you reach the legal retirement age, or up to five years before or after the legal retirement age.

A vested benefits account is designed for three main situations:

  • You temporarily leave your job and no longer pay into a Swiss occupational pension fund: your pension assets will keep earning interest until you sign up with a new fund.
  • You start a new job but your new employer's pension fund does not accept all of your vested pension benefits.
  • You decide to become self-employed but don't want to tap into your retirement savings right away.

Fees and conditions

 

Conditions

Interest rate

0.01% (01.08.2019)

Availability of funds

  • At the legal retirement age or no more than five years before or after the legal retirement age  
  • If you want to buy a home (primary residence only)
  • If you leave Switzerland permanently (conditions apply)
  • If you become self-employed
  • If you become eligible for disability benefits under the Swiss social security system  

Other conditions

  • From 18 years to the legal retirement age
  • You can pay into the account only from a Pillar 2 retirement account or another vested benefits account

What's the next step?

Visit us

Come to one of
our branch offices

 Find your nearest branch

Call us

We’re available Monday to Friday,
from 7:30 am to 7:30 pm

0844 228 228

Write to us

We'll get back to you
within one working day

Request information

Useful documents

Loading......
Loading......

Please read our website and email Terms and Conditions before using our website or contacting us by email.
Other legal information
© 2002-2019 Banque Cantonale Vaudoise, all rights reserved.