Voluntary Occupational Pension (BVG): Who Qualifies and What You Get
Self-employed individuals in Switzerland can make voluntary contributions to build a retirement nest egg through occupational pension funds.
This scheme allows self-employed individuals to make extra contributions to an occupational pension fund to supplement their retirement savings.
Who it's for
This is specifically for self-employed persons who want to set up their own retirement safety net.
What you get
You gain the ability to make voluntary contributions into a pension fund. This helps you build up personal savings specifically intended for your retirement years.
What it costs you
There is no stated fee to join, but you are responsible for paying the contributions yourself. You will need to decide on an amount that fits your budget and contact a provider to set up your plan.
The catch to know
While these contributions offer tax advantages, the money is locked away. You generally cannot access these funds until you reach retirement age.
How to apply
- Research different pension funds to find one that accepts voluntary members.
- Contact a provider to discuss contribution amounts and terms.
- Complete the necessary registration to start your payments.