Grab your smartphone, a valid ID and a utility bill, get your WiFi working – and you’ll be all set for the Yuh 3a experience.
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.
Quarterly. Fees are charged on the last day of each quarter.
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.
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 of all, be sure to have your Yuh account up and running. Fill in the Yuh 3a transfer form, sign it, send it to your current 3a provider and see the magic happen.
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.