Pillar 2 (BVG German, LPP French)

The 2nd pillar is compulsory for all employed people in Switzerland earning above CHF 21,150.  The contributions are usually paid 50% by employer and 50% by employee.

There are minimum contributions levels set by the Swiss government, which will rise from 7% to 18% of coordinated salary the older you become. The retirement assets accumulated in the 2nd pillar can usually be taken at age 60 however under certain circumstances these can be accessed earlier.   

 

As an international person paying pillar 2 contributions it may also be possible to purchase missed years.  This would have the effect of increasing retirement assets whilst reducing tax liability.

If you would like to know more about the 2nd pillar system, including the benefits you receive now, projections for retirements and if it is possible to optimize your 2nd pillar please click here.