Pictet Individual Pension Foundation
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Individual pension provision
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 The system for individual retirement savings is broken down into so-called "Tied" pension provision (3rd Pillar A) and "Free" pension provision (3rd Pillar B). Blocked pension provision is encouraged namely through tax breaks and is only intended for gainfully employed persons who are domiciled and taxed in Switzerland. As collateral for the special tax breaks, the possibilities of cashing out the benefits are limited. Individual pension provision is intended for both the gainfully employed as well as persons who are not employed. Unlike blocked pension provision, individual pension cover may be set up according to the individual's likings and generally does not enjoy any special tax breaks. |
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An attractive concept
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The Pictet Individual Pension Foundation is intended for:
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Tax advantages
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Contributions to blocked pension accounts (3rd Pillar A) may be deducted from taxable income in accordance with law (art. 7 OPP3). As voted by the Swiss Federal Council, the maximum statutory amount one can contribute will increase over time as inflation rises.  2008 tax-deductible amount |
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All income from the account is exempt from income tax and are not subject to anticipated taxes at the Federal or cantonal level until the capital reaches maturity. Moreover, no wealth tax is levied on the capital until it is withdrawn from the account. In the event of a withdrawal of capital, or in the even of death, the Confederation and the cantons will tax the lump-sum benefit as income, usually separate from other income, at a special rate or at the annuity rate. Nevertheless, in some cantons, the cash benefits paid out to certain beneficiaries are subject to inheritance tax instead of income tax. They might also be subject to inheritance tax in addition to income tax. |
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Characteristics of the Foundation
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The Pictet Individual Pension Foundation (3rd Pillar A) is a Swiss banking foundation operating under the supervision of the Federal Social Insurance Office (OFAS). It enjoys the special tax exemptions made for 3rd Pillar pension schemes in Switzerland. The Pictet Individual Pension Foundation was created on 1 December 1990 for the purpose of managing assets for investors' individual retirement savings under the so-called "3rd Pillar A" of the Swiss pension and social security system. The net assets of the foundation are allocated to different investment portfolios, each one being independent and non-consolidated with respect to the others. The Pictet Individual Pension Foundation aims to achieve higher long-term returns than traditional blocked pension accounts by professionally managing the assets in the Foundation and taking advantage of all the investment possibilities allowed under Swiss law. The Foundation allows for all the blocked pension capital to be managed globally and offers the following advantages:
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The portfolios
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The Pictet Individual Pension Foundation allows you to invest your contributions or pension capital across four different investment portfolios:
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How to choose a portfolio
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We offer four portfolios, each one based on a particular investment strategy: security, income, growth, dynamic. The portfolios are different from one another in their level of risk - either more or less risky - and thus their potential performance. |
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