What is the answer for 3a 2a
The pitfalls of a transfer
Transfer of pillar 3a entitlements
Most people know: Pillar 3a claims can either be transferred to a pension fund or to another 3a contract. But be careful - the timing of the transfer plays a crucial role.
We differentiate between a transfer before reaching the age of 59 (women) or 60 (men), a transfer in the phase between 59/60 and reaching the normal AHV age and a transfer after reaching the normal AHV age.
Pillar 3a contracts can generally be concluded from the age of 18 upon reaching the age of majority. The prerequisite is that there is a Swiss income subject to the AHV. In 2018, employees whose wages are insured with a pension fund may pay up to a maximum of CHF 6,768 into Pillar 3a. Self-employed persons who do not belong to a pension fund are allowed to pay in 20% of the annual earned income, but not more than CHF 33,840. Since needs change over time, the question arises as to whether accumulated 3a credit may be transferred to other vessels.
Before reaching the age of 59 or 60, claims from a 3a contract may legally be transferred to a pension fund or another 3a contract. Reference can be made to Article 3 (2) (b) of the BVV3. Such a transfer is always tax-neutral: So no taxes have to be paid for the 3a money, on the other hand, no deduction may be claimed in the tax return for the payment into the pension fund. The transfer from the 3a pillar to a pension fund may only take place if there is a purchase gap. The advantages of such a purchase are, on the one hand, the better minimum interest rate with a pension fund (since this is determined by the legislature or the Federal Council) and, on the other hand, a higher pension. Buying into the pension fund can also increase death and disability benefits. This is especially important when a spouse or family needs coverage.
Splitting a 3a contract into several accounts, such as two 3a accounts, is generally not permitted, nor is a transfer from pillar 3a to a vested benefits account or a vested benefits policy.
COMPENSATION OF GAPS IN THE BVG
With a purchase in the occupational pension scheme, you can make up for any savings you have made in the past. Savings gaps arise for various reasons such as: B. when switching from a pure BVG plan to a better plan with a new employer or in the event of a divorce. Whether there is a gap and how big it is can be found either on the personal pension certificate or can be requested from the pension fund.
Example: A 38-year-old person who was previously insured under a BVG plan and saved in accordance with the BVG changes to a new employer with whom the full salary is insured without a coordination deduction. The savings contributions from the new employer correspond to those from the BVG. With a wage of, for example, CHF 100,000 with the new employer, the following gap arises:
BVG savings balance: 100% (10 years at 7% and 3 years at 10% savings contributions) of the maximum BVG-insured salary = 59,925
Hypothetical savings with the new employer: 100% of the insured salary (100,000) = 100,000
Gap: 100,000 minus 59,925 = 40,075
The 38-year-old could therefore voluntarily finance one or more purchases of up to CHF 40,075 into the new employer's pension fund. If the salary increases from CHF 100,000 to CHF 110,000 in the following year, the purchasing potential would increase accordingly.
TRANSFER BETWEEN 59 AND THE ORDINARY AHV AGE
A transfer in the period between 59/60 and reaching the normal AHV age is assessed in a more differentiated manner. A transfer to the pension fund is particularly tricky. Certain cantons treat such a transfer in a tax-neutral way (no taxation of the 3a money, but also no deduction of a purchase), in a few, however, the payout of the 3a money is taxed and the purchase is allowed to be deducted in the tax return (see court decisions AG and ZH ). In the opinion of these two cantons, there are two separate events in such situations: the receipt of a retirement benefit in accordance with Article 3 (2) (a) BVV3 and then a pension fund purchase. A transfer to another 3a contract is also permitted, but such a transfer must take place before the contract is due. This is particularly important for contracts with insurance companies. Again, splitting a single contract into several is not permitted.
TRANSFER IN ACCORDANCE WITH THE ORDINARY AVIATION AGE
To the question of whether 3a entitlements may be transferred to other contracts or to a continued pension fund after the normal AHV age has been exceeded, neither the law nor any publications that have appeared so far provide a reliable answer. Since according to the law 3a contracts are generally due upon reaching AHV age, a transfer option tends to be denied.
Author:Roger Iff, tax specialist;
- Notices from the FSIO on occupational benefits no.136
- Kt. TG: Leaflet 39 No. 3 Maturity of pension entitlements and lump-sum benefits from provision
- Kt.SG: Leaflet 52 No. 3 Lump-sum benefits from tied self-provision (pillar 3a)
- Decision ST.2016.117 of October 26, 2016 of the Zurich tax appeals court
Your advantages as a Pax customer
We are organized as a cooperative and have been building on the principle of solidarity for over 130 years. Anyone who is insured with us is always a member of the cooperative. Pax is owned by its members and cannot be bought or sold. This makes us economically independent and gives us the freedom to plan and act in the long term.
We do not offset the costs of asset management against the return. Pax shows the savings, risk and cost contributions separately. This gives our customers a clear and simple overview of the costs.
With Pax, your assets enjoy absolute security. The coverage ratio of the Pax collective foundation BVG is at least 100 percent, a shortfall in the occupational pension plan is excluded. That is why there are no restructuring contributions for either employers or employees.
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