Switzerland is considered a tax haven by many because their taxes are lower than average. The taxation system is complex without being confusing, and pensioners benefit rather well from the Swiss 3-Pillar pension scheme, as well as from other low/non-applicable taxes. If you are looking to retire in Switzerland, then investing in pensions is a very good idea. In this article, you will discover how you may fully benefit from the Swiss tax and pension system.
In today’s unpredictable world, making sure your retirement income matches your lifestyle plans is of paramount importance. From 1970 to the present day, the average lifespan in the UK has increased nearly ten years, to just under 81 years of age. With improved health care, people are also more physically active in their senior years than they were 50 years ago. Having worked hard for 50 plus years, it makes good sense to analyse your financial planning to ensure your pension income can provide for everything you’ve promised yourself. After all, age is but a number. Here are seven ideas worth considering to help make your pension more secure.
If you are one of the many expats who live and work in Switzerland, you may have wondered about boosting your savings for retirement. Using the optional third pillar of the Swiss system offers various advantages to pension savers. In this post, we introduce the third pillar of the Swiss scheme, discuss the benefits of participating and review how it works with the first and second pillars.
As part of one of the world's best pension systems, the Swiss state scheme is also known as the first pillar. In conjunction with this retirement provision that covers basic needs, company pensions form the second pillar. Together, the two sources of income aim to help retirees maintain their standard of living during retirement. An optional top up is available using the third pillar that comprises local Swiss products, such as those offered by leading Swiss pension plan providers.