I’m 30 years old and discovered the movement and this blog several weeks ago. I have no “financial” background and am quite the noob. My intel acquisition phase is now over and I’m getting to the planning phase.
Like many others, I paid a SwissLife Select agent in 2016 to become my “financial advisor”. My wife and I each signed a pillar 3a life insurance contract with PAX: max deductible for me (now 568ish.-/year), 250.-/year for my wife. As you might have understood by now, I’m thinking about switching to VIAC + getting an independent life insurance asap to avoid losing any more money…
My PAX contracts started on 01.04.16, and for simplicity’s sake, let’s consider it’s 01.04.21 today:
- I paid on average 566 x 12 x 4 = 27’168.-
- My wife paid 250 x 12 x 4 = 12’000.-
On the initial contracts, the “valeurs de rachat” on that date amount to:
- 18’771.- for me
- 8’311.- for my wife
Which means I’d lose 8’397 + 3’689 = 12’086.- if I “buy it back”.
I have the following questions for you guys:
- The aforementioned “valeurs de rachat” were initially calculated with the guaranteed 0.75% yield. I’m waiting on PAX to give me the actual numbers but as the de facto yields were a little higher than 0.75%, I guess the actual “valeurs de rachat” will be a little higher, am I right?
- If I get it correctly, it’s not that I would have “lost” the 12k, but that’s what the life insurance part and the other fees would have “cost” me, right?
- I read on this forum that Vaud only allows 2 3rd pillar contracts per person, can I easily setup 2 different VIAC accounts per person?
- Let’s assume that 2 years from now, I have a value of X CHF on my VIAC 3a pillars, if I want to use it to buy a new home, will there be any significant fees for terminating the VIAC account?
Thanks in advance for all the useful answers! I hope I’ll be able to get my sh*t straight asap!