Digital Pillar 3a: create a future to love, simply

Every new transfer is music to our ears! We’ll help you call a taxi to bring your existing Pillar 3a over to Yuh in the wink of an eye. First, make sure your Yuh account is up and running. Open your Yuh app and go to Save > Yuh 3a > Overview > Help me to… > Make a transfer in request > Transfer in from another 3rd pillar. And boom! From here you can download a pre-filled form with your account details to send to your current 3a provider.

Sometimes a crystal ball would come in handy in life. Alternatively, a healthy dose of realism will do the trick: In the future, it will become increasingly unlikely that old-age and survivors’ insurance and occupational benefits will be sufficient to continue your accustomed lifestyle after retirement. Private pension plans help to reduce or even close the so-called pension gap.

The short answer: very safe. The long answer: your money is invested by Yuh in securities and – in contrast to pension savings held on an ordinary bank account – securities are classified as segregated assets. These assets are protected in the event of bankruptcy, and do not form part of the estate in bankruptcy. To cut a long story short, if the financial institution goes bankrupt, your cash is fully protected.

This is also one of the reasons why we invest in bonds rather than holding cash, as much stronger protection is available for securities than for pure cash deposits at a bank.

Did you also know that cash deposits held in conventional pillar 3a accounts (i.e. pure banking solutions without securities) do not qualify as segregated assets and hence do not benefit from this deposit protection? This means that, if the bank were to become bankrupt, pension savings would not be paid out very quickly, but rather – if at all – only after a liquidation process lasting for years. However, under bankruptcy law, any deposits of up to 100’000 CHF are privileged. This means that these claims are paid out in advance of other creditors.

Did we already tell you, we don’t like pigs in a poke? Yuh is an open book; hidden costs are an alien concept. For Pillar 3a, the total all-in costs are 0.50% per year on the invested pension assets. No more and no less. This makes us one of the cheapest providers in Switzerland.

Here are some more details: fees of 0.50% per annum are calculated on the total amount of invested assets on a 365-day pro-rata basis. On a 3-month basis, the fee is 0.125%. Fees are debited directly from your Yuh 3a account.

It’s easy like Sunday morning: download the Yuh app (if you haven’t already done so) and follow these few steps to open your Yuh 3a account.
You must:

• be at least 18 years old
• live in Switzerland
• not be a US citizen
• have an ID card or passport and proof of address (electricity or mobile phone bill)

If you already have a Yuh account or have followed the steps above, simply go to the Save section in the app, click on the Yuh 3a icon and follow the process from there.

If your registration with Yuh 3a was successful, you can transfer money in your Yuh app under “Add money.” Do you want to transfer money from an external account? In this case, you will find the details in the same place in your Yuh account.

Nope, with Yuh 3a you remain as flexible as a Cirque du Soleil acrobat! You can start with any amount. Yuh will invest your money from as little as 10 CHF.

The maximum is 7’258 CHF for employed persons with a pension fund, and 20% of earned income up to a maximum of 36’288 CHF for employed persons without a pension fund.

Absolutely! Depending on your personal preferences, you can set the monthly automatic transfer of your choice directly in the app. You can also pay weekly, quarterly, annually or in the form of individual payments.

Change in the Order of Beneficiaries

A pension gap is less cool than a gap year and less technical than a gap angle, but it’s real: If your income in old age is not sufficient to ensure the continuation of your accustomed standard of living, you’ll be facing a pension gap. The rule of thumb is that you should have 80% of your most recent gross salary at your disposal. If the amount you have is less than this, the difference is referred to as a pension gap.

The annual tax certificate for your pillar 3a account with Yuh is generated in the middle of January, if not before. You can find the certificate in the pillar 3a area under «Overview» > «Statements».