Home ownership - Asga Pensionskasse

Home ownership

Financing home ownership through early withdrawal or pledging of retirement capital

Would you like to realise your dream of owning your own home and use your retirement capital to do so? An early withdrawal reduces the retirement assets, whereas pledging does not immediately reduce pension benefits.

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For questions regarding promotion of home ownership:

+41 71 228 52 52

Early withdrawal

An early withdrawal leads to a reduction in the pension benefits on retirement, disability or death. It is the insured person’s responsibility to clarify whether the curtailed insurance benefits together with the reduced costs of home ownership are sufficient to be able to maintain an appropriate standard of living. A reduction in risk coverage in the event of disability and death can be offset through a supplementary insurance policy from an insurance company.

Until age 50, the amount of the available capital corresponds to the retirement assets as at 31 December of the previous year plus the vested benefit brought in during the current year. If the insured person is older than 50, they are entitled only to the benefit they had at the age of 50 as a vested benefit or half of the current vested benefit if this amount is higher.

Assets from the pension fund can be withdrawn in advance of retirement for the following purposes:

To construct or acquire home ownership that the insured person themselves will live in permanently. This includes single-family homes or owner-occupied apartments, but not holiday or second homes.
To acquire unit certificates in a housing cooperative or similar scheme if the buyer themselves is to live in the home that they are co-financing.
For the repayment of mortgages on home ownership.
For renovations or alterations to owner-occupied residential property.

Important

Purchases made in the last 3 years cannot be withdrawn as a lump sum.
An early withdrawal may be claimed every five years subject to the minimum amount of CHF 20,000.00.
If early withdrawals have been made for the promotion of home ownership, voluntary purchases may only be made once the early withdrawals have been repaid.

We will notify the Federal Tax Administration directly of the early withdrawal.

Insured persons are required to repay early withdrawals to us if the home is sold.

Procedure

Submit the application form to us with all the necessary documents.
After your application has been reviewed, in the case of a positive decision you will receive a restriction on sale notice (home ownership in Switzerland) for signature. Asga will charge a fee in accordance with the cost regulations.
When the withdrawal has been made, Asga will have a restriction on sale notice for your property (home ownership in Switzerland) entered in the land register.

Pledge

The insured person may pledge the entitlement to pension benefits or the amount corresponding to the vested benefits for the acquisition of home ownership. Pension cover is not reduced by the pledge unless the pledge has to be realised. Similarly, the pledge is not subject to tax, except in the case of realising a pledge.

Until age 50, the amount of the available capital corresponds to the retirement assets as at 31 December of the previous year plus the vested benefit brought in during the current year. If the insured person is older than 50, they are merely entitled to the vested benefit that they would have received at age 50 or half of the current vested benefit if this amount is higher.

Important

Assets from the pension fund can be pledged for the following purpose:

To construct or acquire home ownership that the insured person themselves will live in permanently. This includes single-family homes or owner-occupied apartments, but not holiday or second homes.

Procedure

Please send the following documents to us: Pledge agreement from the bank, purchase agreement or extract from the land register.
We will charge you a fee of CHF 200.00.
Entry of the pledge will be confirmed by us to the financing bank.