HFS Bulletin
Monthly hedge fund update – July 2024
Assets, interest and capital earnings are tax-exempt until withdrawal.
Should you take a career break, change jobs or move abroad.
Invest your retirement savings with no minimum deposit.
The principle is simple. If pillars 1 and 2 are not enough to maintain your desired standard of living in retirement, you’ll need to save more. Find out how much today.
Open the form by clicking “Download form now.”
Send the completed and signed form to your existing vested benefits foundation or pension fund.
Your pension fund or vested benefits foundation will prepare a termination settlement and transfer your assets to the UBS vested benefits foundation.*
* You will receive a letter with your account number to confirm that the payment has been received.
Please note: To activate the investment plan or make one-time investments you require a vested benefits account and an up-to-date risk notice.
Decide whether to make a one-time investment or invest stagger with the investment plan.
Determine the amount you want to invest and send the signed form to the vested benefits foundation.
We’ll notify you as soon as we receive the form and confirm your order.
When you take a break from employment or become self-employed, you will no longer be a member of a pension fund. To keep your retirement savings, the pension fund of your last employer will transfer the money to an account in a vested benefits foundation. And so your pillar 2 assets are deposited – for example
Once you return to employment, have the savings from your vested benefits account transferred to your new pension fund.
Good to know: You can freely choose which foundation should hold your vested benefits account – that means that you can also switch from another vested benefits foundation to UBS.
Your retirement savings are exempt from wealth tax for the duration of the term. The interest earned is tax-exempt until withdrawal.
When your retirement savings are paid out, they will be taxed separately from other income at a reduced rate.
If you move into the house or apartment yourself, you can use the savings in your vested benefits account for the financing. Early withdrawal is possible every five years and without a minimum requirement. The withdrawn amount can be paid back into pillar 2 at any time. Alternatively, it is also possible to pledge the funds.
The savings can then be used for building, buying or renovating real estate as well as for some forms of participation (e.g. housing cooperatives, tenant public limited companies). You can also use it to amortize mortgage loans.
Good to know: The financing of vacation houses, vacation apartments or secondary residences with savings from pillar 2 is not allowed.
You can withdraw your savings no earlier than five years before reaching the statutory AHV retirement age.
Early withdrawal is possible if
If the pension fund member dies, payment is made to the beneficiaries.
The UBS Vested Benefits Custody Account is the ideal complement to the vested benefits account. By investing your pension fund money in Vitainvest investment funds, you benefit from higher earnings potential in the long run. With the detailed annual wealth disclosure, you can keep an overview over your retirement savings.
Free choice between different Vitainvest investment funds
Your fund shares will be kept safe in the vested benefits custody account. You are free to decide how much you want to invest in one or several of the eleven Vitainvest investment funds. With an investment plan UBS Vested Benefits Account, you can regularly invest a fixed amount from your UBS Vested Benefits Account in UBS Vitainvest Investment Funds.
Good to know: Fund shares in pillar 2 normally have to be sold as soon as you’ve reached AHV retirement age. This is not the case with Vitainvest investment funds. You can transfer these into your free assets when you retire. This way you remain flexible in terms of when to sell the shares later.
UBS O’Connor seeking potential alpha opportunities in China
Overall emerging market growth is likely to be lower going into the new year, but we believe active management could continue to build a compelling emerging market case for global investors.
It’s important to stress that the transition that economies need to undergo to lower carbon emissions and to increase nature positive solutions offers plenty of new jobs, technological innovation, and opportunities.
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