Save with CONVITAsave
With the CONVITAsave retirement provision, you pay into pillar 3a. By doing so, you invest money for your retirement while simultaneously benefiting from tax advantages.
With CONVITAsave, you get to choose!
Choose between three different funds with different risk profiles and benefit from their return potential.
You can change to one of the other funds in the range offered free of charge at any time during the contract term.
UBS Vitainvest 25 Swiss Sustainable – for conservative investors
UBS Vitainvest 50 Swiss Sustainable – for balanced investors
UBS Vitainvest 75 Swiss Sustainable – for dynamic investors
I am interested in CONVITAsave:
Frequently asked questions about saving with pillar 3 and CONVITAsave:
Why should I invest in a pillar 3 policy – for example CONVITAsave?You can use pillar 3a to make up pension shortfalls in your first and second pillar coverage (AHV/AVS/OASI and occupational pension fund). The goal is to invest your savings capital profitably while you are undertaking gainful activity and thus make financial provision for your retirement – potentially also by purchasing private property. This will enable you to enjoy financial security in your retirement.
What is a pension shortfall?To maintain your standard of living, you should aim to have about 80% of your current income in retirement. If your pension is expected to be lower than that, you probably have a pension shortfall. The ideal way to make up such shortfalls and maintain the same standard of living after retirement is with a 3a account or policy.
How do pension shortfalls arise?
- Missing contribution years: due to maternity, a period of study or travel, or because of time spent working abroad.
- Divorce: if the two spouses have different pension assets, one of them can suffer a loss of capital. Even a prenuptial agreement will not prevent this. The contributions paid in during the marriage are always distributed evenly between the two spouses. (In 2019, the divorce rate in Switzerland was just under 42%.)
- Early retirement: when employees take early retirement, both they themselves and their employers pay fewer contributions into pillars 1 and 2, leading to a reduction in the annual pension. Both interest and compound interest are also missing for this period.
- Government reduction in the conversion rate: the conversion rate is used to calculate the annual pension from the accumulated pension assets. If it falls, you receive a lower pension for the same amount of contributions.
How can I make up a pension shortfall?One way to do so is to pay into a private pension scheme. This is where CONVITAsave comes in. CONVITAsave is a tied pillar 3a scheme with which you can deduct up to CHF 6,826 (as of 2020) from your taxable income.
Why should I choose CONVITAsave?Pillar 3a enables disciplined saving with funds. You can decide flexibly according to your situation how high your savings premiums should be (up to the statutory maximum). During the term of the contract, contributions do not have to be taxed as assets.
Why is an investment in CONVITAsave interesting from a tax perspective?You can deduct the premiums you pay in from your taxable income.
Why does CONCORDIA offer three different funds for CONVITAsave?Because this gives you a choice of different risk profiles. You decide whether you would like to accept low, moderate or significant fluctuations in value and benefit from the associated return potential. You can change to one of the other funds in the range offered free of charge at any time during the contract term.