Occupational Pension Plan (Pillar 2): Who Qualifies and What You Get
Learn how self-employed individuals in Switzerland can use Pillar 2 to build tax-advantaged retirement savings through voluntary contributions.
The Occupational Pension Plan (Pillar 2) is a voluntary retirement savings option designed to help self-employed people build a financial cushion for their later years.
Who it's for
This scheme is specifically for self-employed individuals who choose to opt-in to the system to supplement their retirement savings.
What you get
By participating, you gain access to tax-advantaged retirement savings. This means you can put money aside for your future in a way that offers specific tax benefits.
What it costs you
Because this is a voluntary option, you are responsible for making the contributions yourself. To participate, you will need to go through the process of setting up a foundation account to hold your savings.
The catch to know
It is important to remember that this plan is not mandatory for those who are self-employed. While you are not required by law to join, it is often highly recommended if you are looking for ways to optimize your tax situation.
How to apply
- Decide if you want to opt-in to voluntary retirement savings.
- Research the process for setting up a foundation account.
- Arrange for your voluntary contributions to be deposited.