Saving for retirement in pillar 2 (BVG)

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

• during parental leave;
• during vocational training;
• when you switch to a job abroad;
• during a sabbatical;
• for a longer trip;
• during unemployment.
  

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.

The withdrawal of vested benefits is subject to statutory guidelines and varies depending on the reason for the withdrawal. Possible reasons are:

• Withdrawal for retirement
• Leaving Switzerland
• Cross-border commuters: permanent cessation of activity in Switzerland
• Disability
• Self-employment
• Minor amount
• In the event of death
• Withdrawal to purchase or construct residential property
• Amortization
• Renovation