Insured person:

Home Ownership Promotion

Transfer of retirement assets

Pension statement

Interest on retirement savings

Purchasing

Home Ownership Promotion

Continued insurance after job loss

Retirement

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With your pension fund money, you can finance the purchase, construction or renovation of residential property, amortize existing mortgages on your own home, or even purchase share certificates from a housing cooperative. This is possible up to 3 years before retirement.

Existing retirement savings may only be used for owner-occupied property. A second home or holiday home may not be financed.

Up to your 50th birthday, you can use an amount up to the amount of your existing retirement savings. From age 50, the higher of the two values applies:

The balance of retirement savings that existed at your 50th birthday
Half of the existing retirement savings at the time of withdrawal

Any advances already made or any voluntary purchases made in the last 3 years will be deducted.

Withdrawal - what you need to know

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An advance withdrawal is possible every five years and for a minimum amount of CHF 20,000. The minimum amount does not apply to the purchase of share certificates in housing cooperatives and similar investments.
Registration in the land register, the so-called sale restriction, is mandatory and is carried out by the pension fund.
When retirement benefits are withdrawn in advance, retirement benefits and, if applicable, risk benefits (disability and survivors' pensions) are reduced accordingly if they are not defined as percentages of the insured salary. In order to compensate for a loss of pension protection due to a reduction in benefits in the event of death or disability, supplementary insurance for these risks can be taken out with a life insurance company.
The predrawn capital is subject to immediate taxation. The tax administration sends the invoice (tax assessment) directly to the insured person. This must be kept so that the tax paid can be reclaimed if the advance payment is repaid at a later date. The tax amount must be paid from own resources and cannot be offset against the advance payment. For applicants residing abroad, withholding tax is deducted upon payment. The cantonal tax rates at the seat of the pension fund are decisive.
The obligation to repay exists up to the regulatory retirement age in the event of sale of the residential property or in the event of death if no pension benefit is due.
An advance payment can be repaid up to the reference age. The minimum repayment amount is CHF 10,000, unless the outstanding advance balance is lower. If the advance payment is repaid, the tax paid at the time of advance payment can be recovered without interest by means of a written application to the tax administration.

Pledge - what you need to know

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As an alternative to early withdrawal, retirement assets can also be pledged. The pledge serves as security for the bank, which it grants to the insured person for the purchase or construction of residential property for personal use.
If pledged, pension fund benefits are not reduced. The same rules apply in the event of any deposit recovery as in the case of an advance withdrawal.

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The maximum amount applicable to you can be found on your personal pension statement.

lookout: If someone takes out voluntary continued insurance for more than two years in the event of job loss after age 58, the advance payment or pledge is no longer permitted.

TRANSPARENTA pays out the advance payment quickly within 10 working days, provided that the required supporting documents is complete. In the case of married persons, the spouse must give their consent by means of a certified signature.

Send us your completed application form and supporting documents directly and securely via the web portal.

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Application for an early withdrawal or pledge (promotion of home ownership) Promotion of home ownership using occupational pension benefits