I recently left my employer and realized I am unable to contribute to my former pension scheme. I had planned to make a significant tax-deductible payment into my Pillar 2a pension this year. However, it seems that being unemployed limits my options for contributing.
Does anyone know if it’s possible to make a lump sum payment into my 2a that’s tax-deductible while unemployed? Are there specific rules or workarounds for this situation?
Unless you get employed again until the end of the year, I don’t see a way to make a voluntary contribution. As soon as you leave your employer, your pillar 2 assets need to be transferred to a vested benefits foundation, where you can’t make any contributions. Most employers allow for a certain transition period, where your funds can stay in the old pension fund and you are still insured, but can’t make any contributions normally 3-6 months. If you haven’t transferred your funds until then, they will automarivally be transferred to a state managed fund.
I think this was discussed in a separate thread, if you’re on unemployement you could also sign up for an actual pension (not a vested benefits), in which case a buy-in might be possible.
No . It’s not possible
You can only contribute to 2nd pillar when you are part of 2nd pillar/ IE plan a company. You are not.
I believe such contributions should have been made prior to leaving the company
Edit -: it seems you might be allowed to make voluntary contributions to other 2nd pillar which is for unemployed. See below response from @nabalzbhf
If you’re unemployed (and on RAV) you’re part of Substitute Occupational Benefit Institution LOB - Occupational Pension Supervisory Commission OPSC (you do actually contribute to 2nd pillar).
In the other thread we had, it looked like buyins were possible.
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