Published report: Identifying the pension gap: Best strategies for ensuring a secure retirement

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If you work part-time, this is often even less. The professionals at Allianz will show you how to identify and close gaps in pensions, thus maintaining your standard of living as you age.

How do gaps in provision arise?

Pension System Switzerland consists of three pillars: the state pension provision (AHV/IV), the occupational pension provision (pension fund) and the special provision. Unfortunately, the benefits of the first two pillars are often not enough to secure your standard of living in old age.

There may be deficiencies in your provisions for various reasons. These include, for example, the following situations:

• Contribution gaps: You want one Time out to take? Pension gaps in columns 1 and 2 usually occur when employment is interrupted and you no longer receive a salary.
• Part-time work: You are working Part time? Those who do not receive full salaries often have larger gaps in their retirement funds.
• Change of employer: Are you changing your job and therefore your retirement fund? In these cases, there is often a risk of pension shortfall; for example, because your new employer insures lower benefits in the pension fund.
• High income: Are you a top earner? Many pension funds limit contributions to the pension provision to a certain income. In this case, the benefits provided are not sufficient to ensure the normal standard of living in old age.
• Early retirement: Are you getting your well-deserved retirement early? an early pension It should be well planned in order to eventually have enough money for a comfortable exit from professional life.

How can I detect a pension gap?

You can find out whether you have a pension deficit in column 1 from your HR statement, which you can obtain online from your AHV compensation office. order to be. However, your pension fund will provide you with information about your pension fund’s insured benefits. retirement certificate Information you receive from your employer each year.

Additionally, a personal one is always recommended analysis your financial situation. Especially when it comes to life changes such as a salary increase, new family or career changes, you should look closely and check your supplies.

How can I prevent gaps in the service I provide?

The best way to avoid a retirement gap is to make regular contributions. It is important not to miss any contribution, especially when it comes to AHV. Otherwise, you will not receive the full old-age pension. It is also recommended that you talk to your employer about your retirement fund. A good retirement fund is especially important for part-time workers to maintain their standard of living in old age.

How can I close the retirement gap?

If you have identified gaps in the service you provide, you can close them in various ways: 1st column It is recommended to pay any gaps in contributions. However, please note that you can only repay for the last five years.

Inside 2nd column There is also often the opportunity to make voluntary buyouts to plug gaps in retirement provision. Additional payments may be made to make up for missing contribution years or lower contributions.

But for most people, volunteer service is more than that. 3rd column The most logical solution to close the retirement gap. For example, with Pillar 3a you can pay employees the maximum amount (currently 7,056 francs per year) and at the same time deduct it from your taxes. So you benefit twice.

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Source : Blick