Plan your retirement

Your pension is comprised of benefits from the AHV and your pension fund. After retirement, your income is likely to drop more sharply than your costs of living. It is thus worth comparing your current spending habits with your anticipated income in retirement.

It depends very much on your circumstances, as well as your income and assets. You should also take into account your personal goals and your health.
A pension provides you with a secure monthly income for the rest of your life. A lump-sum payment gives you more room for maneuver when it comes to your personal financial planning. You're free to invest the money as you please, but at the risk of varying returns.

Further information can be found on the page Pension or lump sum.

More time for family, traveling or to fulfill a long-held ambition. Many people want to retire early, but it’s a step that needs careful planning.

From a financial point of view, there are several aspects that need to be considered. For example, did you know that you pay the highest retirement fund contributions in the last 10 years of your working life? Or that for every year you make early withdrawals from AHV, your annual pension is reduced by 6.8%? Then there are also the AHV contributions that you will continue to pay until you reach official retirement age. These and similar factors must be taken into account when considering early retirement.

Gradually reducing your working hours is worth considering. Perhaps you can start by working part-time? This would allow you more time for family and private projects. Another advantage is that it mitigates the financial drawbacks of drawing on your pension fund savings early. Depending on your situation, you may also be able to benefit from interesting tax-saving options.