You can withdraw funds from your vested benefits account to purchase property. If funds are withdrawn, the law requires that a “sales restriction” note be made in the land registry. This means that the purchased property can be sold before you reach statutory retirement age if the sales restriction has been removed by the provider.
This sales restriction can be removed, upon request, in the following cases:
- from 5 years before statutory retirement age (59 for women and 60 for men)
- when you’ve repaid the money you withdrew early on
- when you have an irrevocable promise to pay if you cannot make the repayment before the sale
- upon transfer to a new property serving as your new main place of residence.
If the advance withdrawal was not made with the UBS Vested Benefits Foundation AG, the foundation requires information on the ownership structure, land register sheet, municipality and the amount (e.g., with a copy of the sales restriction) to remove the restriction.