Fee regulations

At the Swisscanto Vested Benefits Foundation, there is an account management fee for customers with a savings account solution and securities fees for customers with a securities solution. There is also a processing fee for advance withdrawals in connection with the promotion of home ownership. In addition, closing fees are charged in the case of early disbursements for persons resident abroad. The fees are set out in the cost regulations.

The account management fee is charged to the vested benefits account at the end of the calendar year. If a policy holder withdraws from the Foundation, the account management fee will be charged at the time of withdrawal.

You can see on our website under the conditions of your cantonal bank whether it covers the account management fee.

The fee required to cover the costs of the administration and management of the foundation will continue to be determined by the Board of Foundation uniformly for all partner cantonal banks. In addition, for policy holders with a credit of up to CHF 1,000 no account management fee will be charged in future, as standard practice. However, each partner cantonal bank can now decide individually whether and to what extent it wants to cover the account management fee for its customers. This corresponds to the logic that already applies to the interest rate, i.e. each cantonal bank determines the interest rate. This decision by the Board of Foundation gives the cantonal banks more room for manoeuvre and greater flexibility.

If a policy holder joins or withdraws during the year, the fee will be charged pro rata. This means that policy holders only incur costs for the days on which they are actually affiliated with the Swisscanto Vested Benefits Foundation. If a policy holder withdraws from the Foundation, the closing fee will be charged at the time of withdrawal.

The account closing fee is charged to pension fund assets when early disbursements are made as a result of individuals leaving Switzerland permanently or giving up cross-border commuter status. If you have five years until retirement age and wish to withdraw your retirement assets, this qualifies as an ordinary withdrawal of retirement assets and will not attract an account closing fee even if you are resident outside Switzerland.

If, as a result of leaving Switzerland permanently or giving up cross-border commuter status, only part of your pension fund assets are withdrawn prematurely, a closing fee of just CHF 100 will be charged. If you make a second withdrawal, another CHF 100 will be charged. The maximum total closing fee is CHF 200.

The new account management fee is only charged on so-called par value savings, i.e. if your vested benefit assets are in a vested benefits account. If you have opted for securities-based saving, you do not have to pay an account management fee since a charge of 0.6% is already levied on invested assets under a securities-based saving plan.

Accounts containing assets below CHF 1,000 are exempt from the account management fee. The amount of CHF 1,000 represents an exemption limit. For example, if you have assets of CHF 1,022 in your vested benefits account, instead of CHF 36 you will only be charged CHF 22.