Voluntary Pillar 2 Buy-in: Who Qualifies and What You Get
Learn how to make voluntary contributions to your Pillar 2 pension and the rules regarding fund withdrawals.
This scheme allows individuals with existing pension accounts to make extra voluntary contributions, often referred to as "Einkauf," to increase their future retirement savings.
Who it's for
This is available to anyone who already holds an existing Pillar 2 pension account.
What you get
The specific benefits and how they impact your retirement savings depend entirely on the individual rules set by your specific pension fund.
What it costs you
There is no cost to participate in the scheme itself, but you must use your own funds to make the voluntary contributions to your pension account.
The catch to know
Once you have made a voluntary buy-in contribution, you are generally not allowed to withdraw those specific funds for a period of three years.
How to apply
- Contact your pension fund to check your current status and available capacity for extra contributions.
- Confirm the specific rules and impact for your individual account with your fund provider.
- Arrange the transfer of funds to your pension account.