How can you maximise your pension fund benefits?

Actively shaping your pension

A higher pension in old age means more financial freedom and security. To maximise your pension from the pension fund, there are three main effective levers: voluntary buy-ins to close pension gaps, postponing retirement, and repaying any early withdrawals for the promotion of home ownership (WEF). We will show you how you can use these strategies for yourself.

Voluntary buy-ins: a key option

A proven way to improve your old-age benefits is to make voluntary buy-ins to your pension fund. Contribution gaps can arise, for example, from salary increases, a break in employment or a divorce. With a buy-in, you close these gaps and benefit in two ways:

• Higher old-age benefits: You increase your retirement savings, thus securing a higher lifelong pension. For example, a voluntary buy-in of CHF 10,000 can increase your annual pension by around CHF 580 (based on a conversion rate of 5.8%).
• Save on taxes: You can fully deduct the amounts paid in from your taxable income. Depending on your canton and income, you can significantly reduce your tax burden.

You can find your current insurance certificate and the maximum possible buy-in amount at any time in your personal pension portal ePlix.

Do you have questions about the procedure or need the necessary forms? Our team will be happy to help. Simply contact us.

Work longer and benefit

If your personal situation allows, postponing retirement beyond the standard retirement age can be an attractive option. You can postpone your retirement until the age of 70 at the latest, as long as you remain employed. This means you pay into the pension fund for longer, your savings earn interest for longer, and you will generally benefit from a higher conversion rate when you draw your pension later. Every additional month can noticeably increase your future pension.

Repay early withdrawals for home ownership

Have you previously withdrawn money from your pension fund to buy a home (as part of the promotion of home ownership scheme, WEF)? Repaying this early withdrawal has a direct positive effect on your retirement savings and therefore on your future pension. Furthermore, full repayment is a prerequisite for being able to make tax-advantaged voluntary buy-ins again. If you have any questions about repayment or the exact conditions, please contact us via our contact form.

Understand your pension plan

Your employer has taken out a pension plan for you with Tellco pk. It is important that you are familiar with the benefits of this plan. Your insurance certificate shows you exactly what benefits are insured in the event of retirement, disability or death. A good understanding of your personal pension situation is the basis for all further optimisation steps.

Your next steps to an optimised pension

Increasing your pension is the result of active planning. Here are the recommended steps:

1. Analysis in the pension portal: Check your current insurance certificate in your ePlix portal. There you will see your existing savings and your potential buy-in amount.
2. Identify potential: Identify any gaps. Have you made an early withdrawal for home ownership? Is there an opportunity for a voluntary buy-in?
3. Plan your strategy: Consider which measure is best for you. For tax-related questions, a discussion with a specialist can be useful to make the most of cantonal advantages.
4. Get in touch: Do you have further questions about your personal situation? Our team is here to help. Simply contact us.