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Our range of advisory services for your future
What is a pension provision consultation?
A pension provision consultation is an individual consultation that helps you secure your financial future. It covers topics such as planning for old age, income protection in case of disability, protection for your surviving dependents and tax optimization.
Why is a pension provision consultation important?
Pension advice lets you:
- Assess risks: You can estimate the financial consequences of occupational disability or death. You know what options you have available to protect yourself against these risks.
- Recognize gaps: You know how your personal pension provision situation stands and if you have any gaps. You know where you can apply leverage.
- Build up your savings: You understand how to best invest your money to finance a big dream or save up for your golden years.
- Protect your surviving dependents: If the worst happens, you and your loved ones will be cared for financially.
What issues are addressed during a pension provision consultation?
A pension provision consultation takes you through the various stages of your life and helps you prepare for your financial future in the best way possible.
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1Education / starting a career: Start saving for your retirement early on so your savings have time to grow and create a secure future.
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2Marriage / partnerships: Adjust your financial protection to suit your new personal circumstances and create security for the both of you.
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3Starting a family: Protect your loved ones and start saving early on in order to secure your future and the future of your family.
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4Self-employment: Protect yourself so that no challenge, whether big or small, becomes an obstacle to running your own business.
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5Buying property: With optimized financial planning, you can finance the purchase of your own home and take advantage of tax benefits.
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6Retirement: Enjoy a worry-free retirement by planning for it in advance.
We will help you find the right solution for every stage of your life.
How does a pension provision consultation work?
Here’s what will happen at your pension provision consultation:
- Our pension advisors will talk to you about your current situation, your goals and what you want.
- Then they will analyze your data, discuss the results and look for solutions to optimize your pension provision situation.
- Even after your consultation, AXA will still be there to help you with any changes that occur in your life.
Frequently asked questions
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What documents should I bring to my pension provision consultation?
For a personal consultation, you’ll need the following:
Pillar 2 account documents:
- Benefits statement from your pension fund
- Account statement for your vested benefits
Pillar 3 account documents:
- Extracts from Pillars 3a and 3b accounts
- Copies of all your life insurance policies
Tax documents:
- Latest tax declaration, including your securities statement
Proof of income:
- Salary statements
- Information about alimony
- Income from properties
Loans:
- Mortgage contracts
- Documents about personal loans
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How often should you seek out pension provision advice?
Generally, you should get advice every three to five years or if there have been significant changes in your life.
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What is pension provision?
Pension provision for a secure financial future involves using measures and strategies which can include various aspects, such as planning for your retirement, disability, surviving dependents and tax optimization.
If you’d like to know how pension provision works and how the 3 Pillar system in Switzerland is set up, then you can read more about it in our Blog.
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What’s the difference between Pillars 3a and 3b?
Pillar 3 is ideal for saving money and securing your financial future. A distinction is made between Pillar 3a restricted pension plans and Pillar 3b flexible pension plans: Generally speaking, we recommend a combination of both Pillars 3a and 3b for sustainable financial security.
Pillar 3a aims to provide sufficient income in old age and is subject to legal provisions regarding annual contributions and the date of the payout. It can only be financed with premiums. However, the law permits only a limited amount to be paid into the plan each year. These contributions are tax deductible up to the maximum amount, although you can only draw them before retirement subject to certain conditions. Reasons for early withdrawal include the purchase of residential property, leaving Switzerland for good or drawing a full disability pension.
Pillar 3b is flexible regarding the term, beneficiaries and amount of contributions. It can be financed with premiums or with a single payment. You can withdraw your savings at any time, but there are no tax advantages.
Further information to help you plan your financial future
The three-pillar system explained in simple terms
The purpose of the three-pillar pension system is to provide financial security for people in Switzerland in old age and in the event of disability or death.
Pillar 3 – individual pension plans
By making voluntary payments into a Pillar 3a restricted pension plan or a Pillar 3b flexible pension plan, you can largely close any income gaps from Pillars 1 and 2.
Tips for saving up for your old age
If you want to build your savings for retirement reliably and over the long term, you will fare best with targeted investments in diversified equities.