Retiring is a big step, so it needs to be planned well – and well ahead. It can have a major impact on your lifestyle and finances. If you want to make the most of your golden years, start now by estimating your retirement income, expenses, and savings, and don't forget to factor in inflation.

Start early

• Review your retirement savings periodically so you know where you are headed
• Start thinking about whether you want to take an early retirement, receive your pension as an annuity or lump sum, and what level of lifestyle you would like to maintain after you stop working

Assess your income

• Unless you have paid into the first pillar of Switzerland's social security system continuously since you were 21, you will not get the full benefits. Under the second pillar, you can receive your occupational pension in regular payments or as a lump-sum payment, or a combination of the two; to determine which is best for you, you need to consider your savings, pension coverage, financial investments, and any property you may have. 

Pick the right time

• Your pension income will depend on when you decide to retire: early, at the legal age, or later.
• Do you have enough income to maintain your current lifestyle for the long term?

Draw up a budget

• To draw up a budget, you need to estimate your retirement expenses in light of inflation and your desired lifestyle. Do your best to accurately budget any specific plans you have, like taking a long trip or buying a vacation home.
• You should go through this process again once you are retired.

Pension planning

Supplement your retirement income

Please read our website and email Terms and Conditions before using our website or contacting us by email.
Other legal information
© 2002-2022 Banque Cantonale Vaudoise, all rights reserved.