When is it worthwhile to purchase in the pension fund?
A purchase into your pension fund offers multiple advantages. You improve your retirement provision and benefit from tax savings.
Purchase in the pension fund
Higher retirement benefits
With a purchase, you increase your future pension capital and secure a better pension.
Tax savings
The paid-in amounts can be deducted from your taxable income in the year of payment – reducing your tax burden. It may be beneficial to spread purchases over several years to break up tax progression.
Flexibly respond to changes in your career
After a change in position or a significant salary increase, a purchase can be particularly worthwhile.
Close gaps
Purchase potential often exists if there are missing BVG contribution years (e.g. after part-time work, time abroad, or extended education). Check your personal purchase potential on your pension certificate. The amount of your maximum purchase is determined by the regulations of your pension fund.
Your next steps:
Whether, when, and how to make a purchase depends on your personal situation.
Are you insured with Vita? Check your purchase potential and get personal advice from your pension consultant.
