Good suggestion. Thanks.
For sure we are only talking about the “Forgetting” part and not additional buy-ins.
You may want to ask the pension fund that though:
Would additional buy-ins increase insurance coverage?
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Philosophically arguable I suppose - were the funds fully transferred to the new PF, that PF would have more “mass” (active contributors’ investment returns) to subsidize current pensioners (who enjoy nice payouts due to a then-high conversion rate) while giving you a paltry 1.5% or so.
Clearly, it would be your responsibility to ensure that the PF buy-in is below the maximum, with vested benefits and 3a considered. If you stay within those parameters, would the tax authority really care?
An exposure with the ‘friends approach’ I can see might may be tax authorities at some point adding up withdrawals made over multiple years to determine the “rightful” tax base…
If they knew what you’re doing, it may (as I said) arise suspicion - but not really give them a case for tax evasion/fraud.
Where would you park the 2nd pillar for 3-6 months? (temporary unemployment)
Finpension seems only suitable for aggressive (high equity portion) long term parking. 0.49% fee p.a., 400CHF withdrawal fee within the first year. But you could split into two vested benefits with their two foundation approach.
Any drawbacks going with VIAC with e.g. the VB account (0.45% interest) or Account Plus Global strategies (0.0% fee p.a.)? There is no withdrawal fee either.
I suggest to call finpension and ask . Maybe they have a interest only plan too.
Viac’s interest rate 0.45% on VB isn’t great.
See this comparison and choose depending on interest, risk-appetite and (if applicable) fees.
(good complete list, and they say “updated daily”, so should always be correct)
AFAIK you can leave VB at your last employer’s VB Stiftung for <= 6 months after leaving. It would be worth to ask what interest they’ll pay. It may be the minimum defined by BVG, currently 1%, which is pretty good.
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At normal retirement age, you can only cash-out each account in total.
In case of early-withdrawal for mortgage repayment, I assume you can pick the amount, same as with a regular pension fund?
And what about when moving it back to a regular pension fund, assuming you’ve reached that fund’s transfer limit? Is it easily possible to transfer only part of a single vested benefit account?
According to the article, the husband, who should be well-versed with regulations and laws in this matter, transferred the FZ back to the PK “when they told him to”, after the death of his wife. Did he have a choice? Or did the IV decision force the PK and husband to act in this way?
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