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Purchasing residental property

Purchasing residental property

There are two options available to you for financing the purchase of residential property:

Early withdrawal

To finance the purchase of residential property, participants can withdraw their vested benefits from the Pension Fund and use them as equity. Old age and risk benefits are reduced if a withdrawal takes place. The amount withdrawn must be taxed immediately. More information may be found on the information sheet, which you can find on the chapter «Forms».

Pledging

It is possible to pledge the entitlement to an amount up to the amount of the vested benefits. This can be used to obtain a second mortgage at a reduced cost or to amortize an existing mortgage with the pledgee (a bank, for example). The pledge does not result in a direct reduction in benefits or any tax burden. More information may be found on the information sheet, which you can find on the chapter «Forms».

Contact

Galenica Pension Fund
Untermattweg 8
Postfach
3001 Bern

Tel. +41 58 852 87 00
Fax +41 58 852 87 01