Your Vested Benefits, A to Z

Vested Benefits Account

Your vested benefits capital can be invested up to 100% in equities, without the restrictions that apply to active pension funds — and yet most transferred LPP assets remain sitting in an account earning close to zero interest.

Your vested benefits capital shouldn't be sitting idle in a zero-interest account. Invexa transforms your LPP assets into a custom-built portfolio, invested and managed by experts, with access to over 250 funds and strategies.

Why Take Action

Purpose: to hold your LPP/BVG assets temporarily between jobs, during a career break, or when moving abroad.
Two shapes: the account (cash, security, low interest) or the deposit (invested in securities, targeted returns, risk).
Tax optimization: having two accounts with two different foundations allows you to stagger your withdrawal over several years and reduce your tax burden.
Leaving Switzerland: the location of the foundation's registered office affects the withholding tax deducted upon withdrawal.
With Invexa: access to over 250 funds, including institutional funds, and an online portal to track your assets at any time.

Our Vested Benefits Solutions

Discover our comprehensive, 360° support for your vested benefits assets.

Classic Solution (from CHF 1)

A pre-built selection tailored to your risk profile, held to the same high standard for fund quality. Accessible at any investment amount.

Custom Portfolio (from CHF 100,000)

A targeted selection of up to 5 funds, chosen from our extensive investment universe. Equity allocation ranging from 0 to 100%, based on your profile. Wide choice of ETFs, index funds, and actively managed funds, with ESG options available.

Fully Custom Portfolio (from CHF 250,000)

An ultra-personalized selection, full access to our universe of 250+ funds, a comprehensive wealth strategy, and dedicated monitoring and rebalancing.

Why Work with an Independent Advisor?

Financial institutions offer a standardized service, limited to their own products. Independent advice brings something different:

Open Architecture: you're not locked into the funds of a single institution.
A broad fund universe: ETFs, index funds, active and passive management, ESG funds, thematic funds; equities, real estate, Swiss, global, US, or emerging markets. You also gain access to institutional funds, normally reserved for large investors, at reduced fees.
A holistic strategy: your vested benefits are analyzed as part of your overall retirement planning (1st, 2nd, and 3rd pillar), not as an isolated account.
Flexible allocation: from 0 to 100% equities, based on your time horizon and risk tolerance.
An online portal: you can track your assets' performance at any time and find all your documents and statements in one place.
A dedicated advisor: a dedicated advisor who builds and adjusts your strategy over the long term.

What Is a Vested Benefits Account?

The vested benefits account is part of the 2nd pillar (occupational pension). It comes into play when you leave a pension fund without joining a new one. By law, this capital cannot be freely withdrawn: it must remain within the pension framework.

If you take no action, the pension fund of your last employer will transfer your assets to the Substitute Occupational Benefit Institution after a set period. Opening a vested benefits account yourself lets you choose your own provider, strategy, and target return.

When Should You Open a Vested Benefits Account?

A vested benefits account becomes necessary as soon as you stop contributing to a pension fund. The most common situations are:

Changing jobs: you leave a position without starting a new one right away.
Unemployment: you're temporarily out of work.
Parental leave or a career break: you pause your career.
Time abroad: you leave to work or travel outside Switzerland.
Becoming self-employed: you start your own business and choose not to withdraw your assets.
Income below the LPP threshold: you reduce your working hours below the minimum entry threshold.
Divorce you receive a share of your ex-spouse's assets without being affiliated with a pension fund.

Account or Deposit: What's the Difference?

The right choice mainly depends on your investment horizon.

What Equity Allocation Should You Choose?

There's no single ideal allocation that fits everyone. Three factors guide the decision:

Time horizon: the longer your investment horizon, the more a higher equity allocation makes sense, since time smooths out fluctuations. Over a short horizon (less than 3 years), security and a low equity share are preferred. Over a long horizon (more than 10 years), a more assertive exposure becomes feasible.
Amount: for a smaller balance, a dynamic allocation has a limited impact in francs. For a substantial capital sum (representing a large share of your total retirement savings), caution carries more weight.
Risk tolerance: your ability to withstand a temporary downturn without selling at the wrong time.

A 100% equity exposure remains rare: it only makes sense in specific cases, with a very long horizon and a genuine ability to weather a downturn. In practice, the right allocation is calibrated across these factors, which means defining your profile beforehand.

Growing Your Vested Benefits

Left in an account earning around 0.05% (the rate applied by the Substitute Occupational Benefit Institution as of August 2026), vested benefits lose purchasing power to inflation over time. Over a long horizon, investing it in securities can change the order of magnitude of the final capital, thanks to compound interest. Our universe of more than 250 funds makes it possible to build an allocation tailored to each individual profile.

Calculate Your Return Potential

Discover what you could potentially accumulate in your vested benefits account by the time you retire.

Current age: 35 years

Current vested benefits capital (CHF): 50000

Investment Strategy

Past or simulated performance is no guarantee of future performance. This projection of your vested benefits account is provided for guidance purposes only.

The Double-Account Strategy

The law allows you to split your assets across two vested benefits accounts, held with two separate foundations, in order to optimize the tax on withdrawal. This split must be decided before the transfer from your pension fund: once the money has been deposited into a single account, it can no longer be divided.

It offers two advantages:

Leaving Switzerland Permanently: Optimizing Withholding Tax

When you leave Switzerland, you can request payment of your assets, but the rules depend on your destination:

At the time of withdrawal from abroad, tax is withheld at source based on the canton where your vested benefits foundation is domiciled. Rates vary significantly from one canton to another. Transferring your assets to a foundation established in a low-tax canton before you leave can therefore meaningfully reduce the tax withheld.

Withdrawal from a Vested Benefits Account: The Conditions

The assets are, in principle, locked until retirement. An early withdrawal remains possible in certain defined cases:

Retirement: at the earliest 5 years before the reference age.
Purchase of a primary residence (early withdrawal for home ownership): to build, buy, or pay down a mortgage on your primary residence.
Becoming self-employed: when starting a self-employed activity as your main occupation.
Permanent departure from Switzerland: according to the EU/EFTA rules described above.
Full disability pension: in the event of total inability to work.
Small balance: if the amount is lower than your own annual contributions.

Upon withdrawal, the capital is taxed once, separately from your other income, at a reduced rate that depends on your canton.

Prepare Your 2nd Pillar Withdrawal

The timing and method of your withdrawal determine the final tax bill. Book a free appointment: we'll build your withdrawal strategy to reduce your tax bill.

Schedule an Appointment

Death: What Happens to the Vested Benefits Account?

The vested benefits capital does not form part of the estate. It is paid out to beneficiaries according to a specific legal order. When several beneficiaries belong to the same group, the capital is divided equally among them:

Fees and Security: What to Compare

Before choosing a foundation, compare:

An important point on security: vested benefits foundations are not affiliated with the LPP Guarantee Fund. In the event of a foundation's bankruptcy, a legal privilege protects your assets up to CHF 100,000.

Assets invested in securities, on the other hand, are held in your name and remain outside the bankruptcy estate. Splitting your capital between two foundations, or choosing a foundation backed by a solid institution, further strengthens this security.

Opening or Transferring Your Vested Benefits Account

We offer support from A to Z, with no complicated paperwork on your end:

Analysis & Strategy: We review your situation (time horizon, goals, tax profile) and work with you to define the ideal strategy and allocation.
Choosing the Foundation & Opening the Account: We select the partner foundation best suited to your profile (and your tax optimization goals) and prepare the paperwork for you.
100% Managed Transfer: We contact your former pension fund or current foundation to coordinate the transfer of funds securely.
Setup & Ongoing Monitoring: Your assets are invested according to the chosen strategy. You track your positions in real time through your online portal, and we adjust the allocation over the years.

The transfer can be initiated at any time. We handle the entire administrative process for you.

Regulatory Framework and Quality of Advice

At Invexa, our advice operates within a regulated and recognized framework in Switzerland.

This ensures high standards of advice, transparency, and compliance.

Frequently Asked Questions

How many vested benefits accounts can you have?

When your pension fund is paid out, you can split your assets into a maximum of two accounts with two separate foundations. This split must be decided before the transfer, as it is final thereafter.

Can you use your pension fund vested benefits to buy a home?

Yes. You can withdraw your pension fund assets in advance to purchase, build, or amortize your primary residence, as part of homeownership promotion (EPL). The withdrawal is possible every five years and remains taxable.

What is the difference between the 2nd pillar and the vested benefits?

Vested benefits are a component of the 2nd pillar. This is the solution that accommodates your pension fund assets when you are no longer affiliated with any fund, while waiting for a new job or retirement.

How is the vested benefits account taxed?

As long as the assets remain in the account, they are exempt from wealth tax and the interest is not taxed. Upon withdrawal, the capital is taxed only once, separately from other income and at a reduced rate that varies by canton.

Can an annuity be received rather than a lump sum?

In principle, vested benefits are withdrawn as a lump sum, not as a pension. To convert it into a pension, the capital must first be withdrawn and then converted into a life annuity or an income plan.

Claire Fivaz

Claire Fivaz is an IAF-certified advisor in insurance, retirement planning, and wealth management, registered with FINMA (No. F01518014) and a member of the Romandy Association of Financial Intermediaries (ARIF, No. 19065). With several years of experience in individual and occupational pension planning in Switzerland, she supports her clients with retirement planning and financial wealth management. She also holds a Bachelor's degree in International Business Management from HEG Geneva.

What Our Clients Say

Discover what our clients have to say about trusting Invexa with their retirement planning.

    
 
 
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   MCV 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. I have had a very positive experience with Claire. She was warm, professional, attentive, and took the time to understand my situation without any pressure. I have really appreciated her thoughtful advice, integrity, and genuine desire to help. I would not hesitate to recommend her to anyone looking for a knowledgeable and caring financial adviser.
  
 
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   Thomas F 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. I greatly appreciated the retirement planning service offered by Invexa. Communications have been prompt and easy to understand. Claire Fivaz is professional, courteous and articulate and presented a comprehensive report giving me a detailed understanding of my current financial position and different retirement scenarios. I received a number of practical suggestions to better prepare for retirement. I am very satisfied with my experience and would not hesitate to recommend the company.
  
 
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   AEBI B 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Super contact avec Madame Fivaz. Très efficace et flexible!
  
 
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   Florian G 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Très bonne expérience avec Invexa. Les échanges ont toujours été clairs et les conseils pertinents par rapport à ma situation. Grâce à son accompagnement, j’ai aujourd’hui une bien meilleure compréhension des questions de prévoyance et une vision plus claire de mon avenir financier. Elle prend le temps d’expliquer les choses simplement et de répondre aux questions sans jargon inutile. Un accompagnement sérieux, humain et agréable du début à la fin, je recommande à 100%
  
 
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   NM ( 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Mme Fivaz est très avenante, répond aux questions possible et donne les meilleures conseils pour votre 3eme pilier! Très satisfait !
  
 
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   Léo 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Je recommande vivement à toute personne souhaitant réaliser une analyse de marché afin de mieux comprendre les produits d’assurance et de prévoyance. L’accompagnement est clair, structuré et permet d’y voir beaucoup plus clair dans un domaine souvent complexe.
  
 
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   Daniel T 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Très pro et super réactivité !
  
 
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   Elena E 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Très bonne expérience. Échanges professionnels, clairs et menés avec beaucoup de sérieux. Claire s’est montrée disponible, attentive et bienveillante, avec des explications transparentes et un suivi rigoureux, sans aucune pression. Merci pour la qualité de l’accompagnement.
  
 
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   Francine A 
 
 
 
 Trustindex vérifie que la source originale de l'avis est Google. Bonjour; j'ai été absolument ravie d'obtenir d'Invexa une réponse si rapide et si complète à ma question concernant les allocations pour enfants. Je remercie de tout coeur la conseillère pour son empressement à me répondre. Merci.
  
 
  
  
 
 
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