Purchasing residental property
There are two options available to you for financing the purchase of residential property:
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 The amount withdrawn must be taxed immediately.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».
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».
Galenica Pension Fund
Tel. +41 58 852 87 00
Fax +41 58 852 87 01