October 2022

As you may know, our services don’t stop at financial advice surrounding mortgages. We can also assist you with your pension planning and with your general financial planning.

This month, we are covering:

The impact of part-time work on women’s retirement
The role of the mortgage financing advisor
The opening of a new branch in Nyon

How does working part-time affect retirement for women?

Over 70% of the people working part-time in Switzerland are women. This lifestyle choice does have consequences when people reach retirement. Typically, women calculate the effect it will have on their monthly and annual budget before deciding to reduce their working hours. They may also take account of the fact that their taxes will be lower. Taking a (very) long-term view and thinking about how this will affect their retirement is much rarer.

How does working part-time affect the 1st pillar of your pension?

In order to earn the maximum retirement income, which is currently CHF 2,390 per month, you would need to pay in contributions for 44 years and have an average annual income for reference of CHF 86,040. Although working part-time (or stopping work for reasons such as maternity leave) has no effect on the number of years’ contributions required, it typically reduces the base reference salary, which results in a lower pension at the end of the day.

How does working part-time affect the 2nd pillar of your pension?

These contributions are calculated based on what is known as the ‘coordinated salary’ instead of the full salary (CHF 25,095). For example, a woman working full-time for a gross annual salary of CHF 100,000 will contribute based on an amount of CHF 74,905 (100,000 - 25,095). If that woman reduced her working hours to 60% of full time, she would receive a gross annual salary of CHF 60,000 but would then contribute based on CHF 34,905 only (60,000 - 25,095). By reducing her working time by 40%, this woman is reducing her LPP contributions by over 50%, creating an even broader pension gap.

Which solutions are available to reduce the impact of part-time work on your retirement?

Read the full article

What does a mortgage financing advisor (really) do?

Financial broker, broker, financial advisor... these terms come up again and again in the world of finance, and more specifically in fields associated with real estate. But why? What are a real estate financing advisor’s tasks and responsibilities and what are the advantages of relying on them?

See the answers

Resolve Vaud Opens New Branch in Nyon

Despite all the new technology and tools we're developing, our vision is to provide human-centered support. That's why we want to maintain close proximity to our clients. That's what inspired us to open a new agency in Nyon.

Find out more

How much can you save?

Did you know? In Geneva, pillar 3b allows a married couple with two children to deduct up to CHF 5,174 from their taxable income, and depending on their marginal tax rate, to save approximately one third of this amount in tax.

Find out more

How much can you borrow?

Use our mortgage simulator to quickly calculate your borrowing power, debt-to-income ratio, loan-to-value ratio, cost and monthly payments on your loan for your real estate project in Switzerland.

Calculate

An entire team at your service

Drawing on all of their skills, our specialist financial, pension planning and financial planning advisors will respond to your requirements and help you find the best solutions.

Make an appointment

Our agencies:

Bellinzona (TI) • Delémont (JU) • Genève (GE) • Lausanne (VD)
Neuchâtel (NE) • Nyon (VD) • Sion (VS) • Zürich (ZH)

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