Your personal vested benefits solution
Are you embarking on a new chapter in life and about to leave your current employer? Have you recently become a parent and started thinking about taking time out? Then you should also be thinking about what to do with the savings accumulated in your pension fund.
Your benefits with a Tellco vested benefits account
Easy and flexibly to open
You can open your Tellco vested benefits account in a couple of minutes. If you already have an account, you can transfer your pension assets to us easily and effortlessly.
Customised investment strategy
Simply choose among five Tellco investment strategies with different weightings based on your investor profile and determine your own personal focus with interesting thematic funds.
Access any time, any place
Thanks to the web app, you can access the Tellco vested benefits solution whenever you like. You can monitor performance directly and make any changes yourself, whether in Switzerland or abroad.
Free account opening and advice
You can set up your vested benefits solution and receive the related advice from our specialists free of charge.
Enjoy a high level of security
Tellco Bank Ltd manages around CHF 9 billion in pension assets on behalf of its clients. The private pension assets held in securities are regarded as special assets and are fully protected.
Tax benefits
If you definitively transfer your place of residence abroad, benefit from the lowest tax rate throughout Switzerland when your vested benefits account is paid out. Withholding tax is due on any lump-sum payment, which is levied at the place of residence or, if you have emigrated, at the place where the vested benefits foundation is based.When do you need a vested benefits solution?
If you are changing job or taking a break, your retirement funds can remain with your existing employer’s pension fund for up to six months. You’ll need to set up a vested benefits solution at the latest at the end of this period. Ideally you should have the option of profitably investing your pension assets according to your wishes and needs.
A vested benefits solution could be an option in the following scenarios:
Time out
If you are going abroad for an extended period of time, taking a sabbatical, completing training or professional development or caring for a young child.
Break from work or unemployment
If you are not in gainful employment, even if you receive unemployment benefits.
Emigration
If you emigrate from Switzerland to a foreign country, you have the option of investing your money (or part of it) on a vested benefits account, which you can access any time via the web app.
Self-employment
If you leave your existing job to become self-employed, you can invest your pension fund assets (or part of them) in a vested benefits solution.
Cessation of gainful employment
You might for instance be taking early retirement.
Change of career
If you are embarking upon a new career or are changing jobs, and will have a gap longer than six months.
Divorce
Depending on your circumstances, you may need a new vested benefits solution after divorcing.
Vested benefits solution: Which option is right for you?
You’re about to embark upon a new chapter in life. Although there will be plenty of other issues keeping you busy, getting the right solution for your retirement funds is always worth it.
You will find an overview below of the options available to you as well as the most important questions that you should consider in advance.
Account solution or securities solution?
Simply put, it’s a question of priorities:
- Is security or return more important for me?
- For how long do I want to invest my pension fund assets?
- What are my circumstances? Do I need to access cash quickly for any personal projects, or am I looking to save and invest?
Account solution
Secure investment with preferential interest rate, no fluctuations and no investment risk.
Suitable for short or long periods.
You receive a preferential interest rate of 0.85 per cent on your entire capital as of 1 August 2023.
Securities solution
Yield-oriented investment in controlled securities, subject to the standard investment risk and fluctuations.
Better for longer periods: when investing insecurities a longer time frame is generally better so that any fluctuations even out. On the other hand, investments in securities can also be profitable over a shorter time frame, provided that you can deal with potential fluctuations in value.
Securities solution:
Investment in securities is associated with a very good risk / return profile. Invest in collectively managed capital investments licensed by the Swiss Financial Market Supervisory Authority FINMA.
What else you should bear in mind
A new chapter in life raises a number of questions. What’s the position regarding (withholding) tax if I leave Switzerland? Can I make payments into my vested benefits account after I become self-employed? And what fees and investments do I have to take into account?
Early withdrawal of pension assets: this is possible under various scenarios
You can withdraw your pension fund assets early under certain circumstances, such as financing owner-occupied residential property, mortgage amortisation, as collateral for your bank, when starting self-employment or in the event of emigration.
Payout: attractive tax conditions in the event of relocation to a foreign country
If you are paid out your pension assets as a lump sum and relocate abroad, you will have to pay tax. It’s worth selecting a vested benefits foundation based on a low-tax canton. The Tellco Vested Benefits Foundation is based in the canton of Schwyz. This means that you benefit from the lowest tax rate in Switzerland.
«Investors who emigrate from Switzerland to a foreign country benefit from the lowest tax rate in Switzerland at Tellco.»
Comprehensive services for your employees
As an employer, you advise and support your employees concerning a wide range of issues. Especially in relation to pensions, there are some things that have to be considered. And if you employ staff who work for you in Switzerland for a limited period of time, after which they definitively leave the country, then your advice can be particularly valuable to them.
Beneficial solution for expats in your business
When relocating abroad, employees may obtain the payment as a lump sum of their pension assets saved in Switzerland. Tax is then due on this lump sum. The amount of these taxes can vary significantly, as they are levied according to the tax rate at the registered office of the pension fund chosen. The Tellco Vested Benefits Foundation is based in the canton of Schwyz, which has the lowest taxes in Switzerland, and is therefore particularly attractive for any of your employees who relocate abroad.
We look forward to hearing from you
We would be happy to advise you and your employees concerning the options for the early withdrawal of vested benefits as well as the related tax implications.
Web app
Use the Tellco web app ePlix to get started with your occupational pension benefits right away – it’s a simple online process that involves no paperwork at all. Your account will be set up and ready to accommodate your pension plans in just a couple of minutes.
Make sure you have your ID / passport and social security number ready.
Enter your personal information on ePlix.
Determine your personal risk profile.
Select a strategy and see how easy occupational pension benefits can be
Set up your vested benefits account now simply and securely.