I know Portugal has a pension-friendly tax regime, but I haven’t been able to find exact information on how that applies to pension benefits (ahead of retirement).
I hadn’t paid in my 3a for 2020 yet & thought I’d check Finpension out.
It’s a great app (I actually prefer it over the Viac one) & the product suits my tastes for 3a a lot.
Checked the website for the product fact sheets. All good.
Opened my account & made the transfer. (Simple!)
Love the freedom to choose even one ETF only and not have to combine, thereby avoiding IMO unnecessary re-balancing. I chose 99% SPI Extra, as I want some additional exposure to these kind of companies in my “total portfolio”.
-0.1% Fees & 99% instead of 97% invested aren’t going to make me move my exisiting 3a’s from Viac any time real soon (wait n see if/how Viac reacts, wait n see if Finpension has any “hidden” surprises of its own), but I will definitely be using Finpension for my “new deposits” from now on.
Edit: not “SPI Extra”, but “CSIF (CH) Equity Switz Small & Midcap ZB”
Edit again: “SPI Extra” which is called “CSIF (CH) Equity Switz Small & Midcap ZB”
5 Likes
it is interesting.
I am with viac but perhaps it is a good option to open an account in Finpension. When I do not live in Switzerland (retirement)I will pay less taxes to withdraw my 3rd pilier, right? or the detour to Schwyz may not even be necessary if there is a double taxation treaty in my country of residence?
Does anyone know how much it costs to pass your 3 piliar from viac to Finpension?
As far as I know the transfer from viac costs nothing.
There are no fees directly. However, several of the CS funds have redemption fees that will be triggered when the shares are sold. On top of that, there is the opportunity cost of not being in the stock market for at least one month.
It’s my first post ever, so welcome everybody! Thanks to the community for a lot of valuable information.
I’m considering starting 3a deposits into Finpension while keeping my older 3a account at the same time (which I assume is possible).
Question about one of the funds that Finpension (effectively CS) offers: Equity World ex CH Quality
targeting stocks with historically high return on equity, stable year-on-year growth, and a low leverage ratio
Seems comparable with some of the momentum factor ETFs (?). So far, fund has been generating returns above the standard MSCI World ex Switzerland index. Despite higher TER, it seems like an interesting option. What do you think?
It depends on whether withholding tax is refundable or not.
Countries can have a double taxation treaty but nevertheless not allow refund of withholding tax.
Rather to Quality factor ETFs, I’d say.
hi Roland,
Excuse me for asking, but where did you find the SPI Extra ETF? On their webpage, I only see a weird “SPI Multi Premia Blue”… https://finpension.ch/en/3a/strategies/index-tools/
1 Like
What confuses me about the funds on offer, some are offered as two variant, one with a H in the name and the other without. Such as these two:
CSIF (CH) III Equity World ex CH Blue - Pension Fund ZB CH0130458182 Factsheet
CSIF (CH) III Equity World ex CH Blue - Pension Fund ZBH CH0217837381 Factsheet
They look identical from the factsheets to me. What is the difference?
1 Like
Ha, surprisingly easy answer. Thanks!
I am a bit surprised that they seem to be identical from a cost basis.
And I discovered now that both have a spread when buying and selling (0.08% / 0.03%), but I guess these are covered by Finpensions all in fee.
1 Like
Apologies! Yes as @yakari already correctly pointed out, I meant “CSIF (CH) Equity Switz Small & Midcap ZB”. Which is not SPI Extra! I confused it with the SPI Extra available at VIAC.
I found this as I am looking to understand the funds name and I am a newbie:
All CSIF (CH) in Switzerland are licensed for distribution in Switzerland. All CSIF (Lux) and CSIF (IE) are licensed for distribution in the following countries: AT/CH/DE/ES/FR/UK/IT/LU/NL/SE/SG/LI/IE. The suffix “TR” after an index name stands for “total return” (gross dividends reinvested); “NR” stands for “net return” (net dividends reinvested). Q share classes are reserved to Qualified Investors, whereas the F and B share class can be subscribed by both qualified and private investors. Denominations containing the letter A indicate distributing share classes, the letter B indicates accumulating share classes. H indicates for hedged share classes. Source: Credit Suisse, as of 30.09.2020.
Anybody knows what is the “Z”?
For example share classe ZB, I assume means something related to “Z” (what?) and then “B” = accumulating.
1 Like
Isn’t B for Blue? So no securities lending.
2 Likes
Can you explain how you comme to this figures / conclusion?
I started by looking at Vangard VT which says Switzerland 2,6% allocation. So I guess that how you represent it by 3% SMI? You mean this?
3% CSIF (CH) Equity Switzerland Large Cap Blue ZB
How do you find out you need to purchase then 10% EM and 86% World exCH to complete the “rest”?
In the list of Finpension’s available funds, you mean this allocation?
10% CSIF (CH) Equity Emerging Markets Blue DB
86% CSIF (CH) III Equity World ex CH Blue - Pension Fund ZB
Does blue mean blue chips? So you don’t really have a real VT here, but a kind of blue chips world?
I hope it’s not too newbie questions, pretty steep learning curve. I need to start from somewhere. Thanks.
Hi guys, I’m close to move my ~68k CHF (and my wife’s 25k CHF) from PostFinance to Finpension.
I went on the Play store (android) and… I’m a bit surprised to see that it has only 100+ downloads and no reviews 
Is the situation on App Store (iOS) better?
1 Like
I have transferred my fund there today. The app on IOS is good (not perfect). I already used their Valuepension service and I’m happy.
Looking forward to your blog post about that move 
3 Likes
I haven’t found how much does it cost to transfer your 3a away from them. Any source?
If you buy an house it cost 250chf.
0 CHF afaik.
Transfers should be free, but the act of selling (+ repurchasing at destination) assets will probably incur fees.
1 Like
@MrRip Google doesn’t show the “real” download count.
See here for reference: https://www.quora.com/Google-Play-publishes-the-amount-of-downloads-an-app-has-in-incremental-brackets-i-e-100-500-10-000-000-50-000-000-Where-can-I-find-a-full-list-of-the-range-of-brackets
1 Like