UBS unrestricted retirement
account and custody account 3b
Attractive options for
pillar 3b savings
The UBS unrestricted retirement account and custody account 3b offer you the opportunity to save towards your private pension alongside your restricted UBS Fisca pension plan. The UBS unrestricted retirement account 3b offers the same preferential interest rate on your savings as the UBS Fisca account. The UBS unrestricted retirement custody account 3b, meanwhile, enables you to choose from selected UBS funds. No issuing commission is charged on the purchase of UBS funds and custody account fees are waived.
Do you want to save over the long term in order to have a more comfortable retirement or to fulfil individual wishes, such as financing your own home? Then the UBS unrestricted retirement account 3b and the UBS unrestricted retirement custody account 3b are just right for you.
UBS offers you the opportunity to make additional savings towards your unrestricted pension plan under the same conditions as apply to your restricted (pillar 3a) pension plan with UBS Fisca.
UBS unrestricted retirement account 3b: The preferential interest rate is the same as that for the UBS Fisca account. Account maintenance is free of charge.
UBS unrestricted retirement custody account 3b: You purchase units in the UBS funds offered by the account. No issuing commission is charged, and account maintenance is free of charge.
You can deposit up to twice the amount you pay into your UBS Fisca (pillar 3a) into your UBS unrestricted retirement account 3b. Contributions must be in the same calendar year and are not tax-privileged.
You can increase the contributions to your UBS unrestricted retirement account 3b by transferring your retirement savings from another pillar 3a retirement scheme to your UBS Fisca account and depositing up to twice that amount in your UBS unrestricted retirement account 3b in the same calendar year.
Assets in a UBS unrestricted retirement account 3b can be invested in selected UBS funds, enabling you to profit from potential price gains. However, you must also be able to bear any price losses. You can choose from a range of UBS funds to match your personal risk tolerance and risk capacity.
The main purpose of the UBS unrestricted retirement account 3b and the UBS unrestricted retirement custody account 3b is targeted saving and long-term investing. If you wish to withdraw your assets, you can do so either via an ordinary withdrawal or an extraordinary withdrawal.
We grant you the preferential conditions if you use your assets for specific, defined purposes.
Reasons for ordinary withdrawal:
Reaching official AHV retirement age
Reaching an age of no more than five years prior to AHV retirement age
Financing owner-occupied residential property (purchase or construction of residential property, shared ownership of residential property, repayment of a mortgage loan), (withdrawal possible every five years)
Buying into an occupational pension plan (pension fund)
Commencement of self-employment or change from existing self-employment to another self-employed activity as main occupation
Permanent emigration from Switzerland
Entitlement to a full disability pension from the Swiss Federal Disability Insurance
Death of accountholder
Making payments to UBS Fisca
Clients can retain all of the preferential conditions if they make an ordinary withdrawal.
You can also withdraw assets from the UBS unrestricted retirement account 3b for other reasons. However, such withdrawals are considered extraordinary withdrawals. . Extraordinary withdrawals will result in a retrospective reduction of interest credited to the account. Issuing commissions and custody account fees will also be debited retrospectively.
If you do not make an extraordinary withdrawal until you have been saving for at least 10 years, the charge made is reduced by half.
With the UBS unrestricted retirement account and the UBS unrestricted retirement custody account 3b you are saving for your unrestricted retirement provision. This means that your contributions cannot be deducted from taxable income. Income tax and withholding tax are payable on annual income earned from interest, dividends, distributions etc. Wealth tax will be charged on the assets held in the account.
If you make an extraordinary withdrawal, you cannot reclaim the income tax paid on interest income. If, however, the assets were invested in units of UBS funds, there are no tax disadvantages.
In addition to the annual account statement and the statement of assets, you will also receive an overview of the issuing commissions and custody account fees that have been waived as well as the interest you have earned at the preferential conditions.
Products and services in these webpages may not be available for residents of certain nations. Please consult the sales restrictions relating to the service in question for further information.
© UBS 1998 - 2014. All rights reserved.