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When can I retire?Can I afford to retire?The retirement processGetting advice


You can choose what to do with your savings when you retire.

The retirement process

Your options

If you wish to retire, you must submit an application in writing within the time limit specified in the Technical Annex. This is currently three months before your preferred retirement date.

In the Base Plan:

When you retire, you can take between 10% and 100% of your retirement savings as a lump-sum payment. The remaining amount will be paid to you as a pension for life (the amount you are paid is calculated using the conversion rate in the Technical Annex).

If you don’t choose the option of a lump-sum payment, the pension fund will convert all of your retirement savings into a guaranteed pension for life. The conversion rate for this is stated in the Technical Annex.

In case of purchases made in the three years before you retire, the Foundation cannot pay the corresponding benefits acquired in the form of a lump sum.

In the 1e Plan:

When you retire, you will receive your total retirement savings in the form of a lump-sum payment.


Any lump-sum you receive is taxed on payment, and separately from your income. It then becomes subject to wealth tax. Your rate of tax will depend on your canton. For further information about how your pension is taxed on retirement, see How much does it cost?

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