Employers' contribution reserve

Employers' contribution reserve

You wish to pay your contributions in advance

As an employer you can make, in addition to the regular premium payments, a prepayment in the form of an employers' contribution reserve.

Employers' contribution reserve

Advantages

  • The contribution for the formation of the employers' contribution reserve can be entered as additional costs on the company balance sheet.
  • Formation of reserves for future premium payments.
  • In your company balance sheet, prepayments are shown as costs for employee pension plans.

Disadvantages

  • The employers' contribution reserve is earmarked to finance future premiums and cannot be refunded to the employer.

How to proceed

When you make a payment, this automatically opens the corresponding employers' contribution reserve account.

When you make your payment, please indicate your contract number and enter «employers' contribution reserve» as the purpose of your payment. In addition, please note the following differences between the various foundations and the payment addresses:

Vita Classic

Vita Classic customers whose contract number is written in the form 85'000'000 can make a payment into the following account:

  • Payment for: UBS, 8098 Zürich
  • For the benefit of: Vita Joint Foundation, 8085 Zurich - IBAN: CH18 0023 0230 3016 4202 C

Vita Classic customers whose contract number is written in the form 85'000/000 can make a payment into the following account:

  • Payment for: UBS AG, 8098 Zurich
  • For the benefit of: Vita Joint Foundation, 8085 Zurich - CH23 0023 0230 3016 4201 M

When you make your payment, please indicate your contract number and enter «employers' contribution reserve» as the purpose of your payment.

Interest earned Vita Classic, valid as of

1.1.2018 1.1.2019
Interest on deposits in premium current account 0,10% 0,10%
Borrowing rate for premium current account 5,00% 5,00%
Non-committed funds 0,50% 0,50%
Employers' contribution reserve account

0,50%

0,50%

Vita Plus

Vita Plus customers can make a payment into the following account:

  • Payment for: UBS AG, 8098 Zurich
  • For the benefit of: Zurich Life Insurance Company Ltd, 8085 Zurich - IBAN: CH34 0023 0230 P059 0000 0

When you make your payment, please indicate your contract number and enter «employers' contribution reserve» as the purpose of your payment.

Interest earned Vita Plus, valid as of

1.1.2018 1.1.2019
Interest on deposits in premium current account 0,00% 0,00%
Borrowing rate for premium current account 4,00% 4,00%
Non-committed funds 0,25% 0,00%
Employers' contribution reserve account

0,25%

0,00%

Vita Invest, Vita Select, Vita InvestPlus

Please give us a call on 0800 80 80 80 if you are affiliated with Vita Invest, Vita Select or Vita InvestPlus. We would be pleased to send you a personalized pay-in slip.

Please note

Depending on the tax authority, you can pay in three- to five-times the amount of the employer's contribution and deduct this amount from your tax liability. This corresponds to a maximum of 2.5 times the full annual premium. Please contact your tax authority directly if you are in any doubt, and they will be able to inform you of the exact limit. Your reserve account will be activated as soon as Vita has received your payment.

Online employee pension plan

As simple as e-banking

  • Manage your contracts and data regarding pension planning
  • Plan your liquidity on a basis of a daily updated balance
  • Calculate comfortably the contribution for new employees online

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