Pledging 2a contributions

Recommendations
1

We’re planning to buy a property in Switzerland and are leveraging our options.

We moved to CH last summer, my 2a is at around 20k.

To purchase the property, our ideal scenario would be to use more illiquid funds than liquid ones, however, I’m not sure how pledging these collaterals works.

Can I pledge only the accumulated sum to date or future accumulations can be pledged as well?

e.g suppose a property worth 1M

IINM I could use my 2a up to 100k of the downpayment.

In my scenario, could I contractually pledge future accumulations of this amount? or to date only.

If the latter, I guess it might be worth backfilling the 2a before purchase. Or backfilling does forbid you to use the money for X period?

Thanks!

2

I would be very surprised if a bank woulf allow this, the risk for them is way too high and the don’t get anything in return for the risk. You could lose your job tomorrow and don’t find anything new within a reasonable time.

3

If you add any money to 2nd pillar using Voluntary contributions, you cannot take money out for 3 years without paying back the taxes

4

Future means nothing. Only present counts when it comes to pledging. And to be honest I don’t know if even the 20K is available to pledge. Normally the withdrawal amount is limited to some percentage. I am not sure about pledging

5

thanks, @Abs_max @Burningstone for the answers.

I guess it would only be possible if you’d give another collateral, but that complicates things and the banks probably don’t even want to go there.

The only solution seems to be to pay up:)

6

Exactly. Overtime when you build 2nd pillar, maybe you can reduce the mortgage by withdrawing some funds

Of course depends on overall tax , interest rates, etc etc