I will soon begin working for a company that is exempted from contributing to both 1st and 2nd pillars in Switzerland. It’s basically the same as being under the ANOBAG status/ as a salarié d’un employeur non tenu de cotiser.
While it is not mandatory for me to contribute to a 2nd pillar, I have found insurance companies that’d allow me to contribute to a 2nd pillar pension fund just as a normal employee in any Swiss company (but 100% with my own fund, with no employer contribution).
I am in my late 20s, and have the habit of saving regularly each month. I’m wondering if I should OPT to contribute to the 2nd pillar or not? What are the real benefits of having a 2nd pillar for me? How is it different from putting aside money by myself for my retirement, or maxing out my 3rd pillar (as an independent with a higher upper limit)?
Would be great to hear your thoughts! Thank you!
P.S. I must mention that I have a vested benefits account for the 2nd pillar I used to have working for other Swiss companies. So another benefit I could see right now is having a higher interest rate if I move this sum of money back to a 2nd pillar pension fund.