Pillar 2a

In Switzerland, the term “pillar 2a” refers to the category of retirement savings represented by occupational pension funds.

Pillar 2a assets are blocked until 5 years before their holder reaches legal retirement age.

Pillar 2a assets can be withdrawn ahead of the legal age for the purpose of purchasing real estate for use as a primary residence, when their holder becomes self-employed, or when their holder moves their residence outside of Switzerland permanently.

When a previously-employed individual becomes self-employed or unemployed, their pillar 2a assets must be transferred from their occupational pension fund to one or two vested benefits accounts. When the individual becomes employed again, their vested benefits must be transferred to their new occupational pension fund.

More on this topic:
Swiss 3a retirement account comparison
Swiss vested benefits account comparison

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