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Pensions in Switzerland

The Swiss pension system is fairly unique in its design and structure. It consists of 3 pillars:
The 1st pillar: This is the government/state part. Contributions here go towards your old age pension, as well as unemployment benefits. This is mandatory. 
The 2nd pillar:
This refers to occupational pension. This is mandatory up to a certain income level. 
The 3rd pillar:
This refers to voluntary additional pension contributions, that can help avoid financial shortfalls in retirement. It also has attractive tax benefits.

Snowy mountains
Third Pillar

The Swiss 3rd pillar system is a fantastic way to reduce your tax by as much as 2000 CHF a year, whilst also generating a minimum guaranteed return and security. You can build life cover for you and your family into a policy and even leverage your 3rd pillar against a mortgage. The only question is, should you have your 3rd pillar with a bank or an insurance company? We can advise you on the various options available and which one suits your requirements best.

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