EPARGNE 3 YOUTH ACCOUNTS

Let's get your Pillar 3 retirement savings started

  • The more you set aside, the less tax you'll pay**
  • Put aside what you want, when you want
  • Build up your retirement savings
  • Enjoy a fee-free account just for 18- to 30-year-olds
 

CH 100*

matched on your
first deposit

 

*If you’re between 18 and 30 years old and opening your first Epargne 3 Youth Account, we’ll match up to CHF 100 on your first deposit..

**For example, if you’re unmarried, have no children, live in Lausanne, and have taxable income of CHF 60,000, you’ll save CHF 1,792 in taxes if you pay the maximum annual amount of CHF 6,826 into your Pillar 3 account (based on September 2020 tax rates).

Epargne 3 Youth Accounts

Do you want to save on taxes and build up your retirement savings?

Our Epargne 3 Youth Account lets you do just that. To qualify for this type of account, you simply need to live and work in Switzerland, and your income must be subject to Swiss social security contributions.

Open an Epargne 3 Youth account

 

If you’re between 18 and 30 years old and opening your first Epargne 3 Youth Account, we’ll match up to CHF 175 on your first deposit. This is a special offer to celebrate BCV’s 175th anniversary and is valid from 9 November to 29 December 2020

Calculate your Epargne 3 savings in just a few clicks


.- CHF
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.- CHF
0.-CHF6'826.-CHF

Results

Tax savings

CHF after 1 year
equal to % of your annual payment

CHF after 5 years

Amount in your savings account

CHF after 5 years
including CHF in interest at %

Change in your Epargne 3 savings
Including net payments*, tax savings and interest

* net payments = annual payments - tax savings

The above calculation is based on the information you entered, together with the latest tax and market data provided by netcetera. No guaranteee can be made as to the results of the simulation, which may not be used against those of your competent tax authority.

Highlights

  • Additional 0.5% on the basic Epargne 3 interest rate
  • We’ll match your first payment by up to CHF 175
  • No management fees
  • You put aside what you want, when you want
  • Payments into the account are deductible from your taxable income (within the legal limit)
  • The money in your account is not subject to wealth tax, and it is taxed at a reduced rate as you take it out

Withdrawal conditions

  • You can start withdrawing your funds no more than five years before the legal retirement age.  If you continue working after the legal retirement age, can provide proof of employment, and keep paying into a Pillar 3 account, you can get the corresponding Pillar 3 tax benefits. You can deduct your Pillar 3 contributions from your taxes for up to five years after the legal retirement age.
  • If you want to buy a house or pay down your mortgage.
  • If you leave Switzerland permanently.
  • If you want to become self-employed.
  • If you use the money you withdraw to make voluntary occupational pension contributions.
  • If you become eligible for full disability benefits in the Swiss social security system.

can start withdrawing your funds no more than five years before the legal retirement age.  If you continue working after the legal retirement age, can provide proof of employment, and keep paying into a Pillar 3 account, you can get the corresponding Pillar 3 tax benefits. You can deduct your Pillar 3 contributions from your taxes for up to five years after the legal retirement 

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 7:30am to 7:30pm

0844 228 228

 

Write to us

We'll get back to you
within two working days

Request information

Fees and conditions

 

 

Fees and conditions

Interest rate

Withdrawals

  • If you want to become self-employed.
  • If you leave Switzerland permanently.
  • If you want to buy a house or pay down your mortgage.
  • If you use the money you withdraw to purchase past years in an occupational pension fund.
  • If you become eligible for full disability benefits in the Swiss social security system.
  • Starting no more than five years before the legal retirement age. If you continue working after the legal retirement age and keep paying into an Epargne 3 account, you can get the corresponding tax benefits for up to five years after the legal retirement age.

Requirements

  • Your income must be subject to Swiss social security contributions.
  • Maximum full-year amount of tax-deductible contributions: CHF 6,883, if you pay into an occupational pension; otherwise, 20% of your income, up to a limit of CHF 34,416.

Useful documents

 

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