In this chapter you've learned 📎
- Planning for your future is essential no matter when you start. Women are impacted the most as they have lower incomes and at the same time live longer. This is why the gender provision gap is an even bigger problem than the gender pay gap!
- Your income in retirement should ideally be supported by all three pillars: the state pension, the employer pension and what you put aside privately, your private pension. You now have an overview of how these work in Switzerland.
- Time plays an important role when it comes to accumulating a healthy cusion for your retirement, so start as early as possible.
- Pension gaps can arise in all 3 pillars, so it is important that you have a good overview of where you stand and close unwanted (and often unnecessary) gaps as soon as possible
Your to-do-list 📝
✔︎ Check if you have any unwanted gaps, especially in the AHV.
✔︎ Review your employer pension fund statement to know what assets you have and where you stand.
✔︎ Set-up a pillar 3a if you do not have one already.
✔︎ If you live in a partnership, discuss together how you are secured for old age.
What comes next?
In the next chapter you'll learn the practical details, e.g. how to read a pension statement, calculate how much you need and practical tips to optimise your pension - have fun!
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