SaraFlip: Sarasin Vested Benefits Foundation
The target audience:
The Sarasin Vested Benefits Foundation Plan is designed to preserve Second Pillar pension benefits of people who leave their job before entitlement to pension benefits and do not enter a new employee benefits fund or have surplus pension contributions on entering a new employee benefits fund and wish to invest these actively.
Your benefits:
Funds are invested in shares in the Sarasin Investment Foundation (SAST). You can switch your savings freely within the Second Pillar to another personal pension fund. No income or capital gains tax payable on your vested benefits until they are paid out. Advance payment or pledging of credits for purchasing an owner-occupied residence or paying off a mortgage under the law promoting home ownership. Supplementary insurance cover for death and disability is also available.
Pension benefits are paid out:
Upon reaching retirement age, from the accumulated credits. Upon inception of full disability (in accordance with Art. 9 Para. 2 of the Regulations), from the accumulated credits and also - if there is supplementary term insurance cover - from any entitlement to defined insurance benefits. In the event of death, from the accumulated credits and - if there is supplementary term insurance cover - from any entitlement to defined insurance benefits.
Early payout of the vested benefits is possible if:
The advance payment is used for purchasing or amortisating an owner-occupied residence, under the law promoting home ownership. An application for payout is made by an insured who is leaving Switzerland permanently or is entering self-employment and does not have to pay compulsory insurance. The insured is drawing a full disability pension from the Federal Disability Insurance Fund and there is no additional cover for the disability risk. Payout of benefits can be delayed up to a maximum of 5 years after reaching official retirement age. For more detailed information, please contact our advisors direct.
