AHV

In Switzerland, the term AHV is the abbreviated form of the German Alters- und Hinterlassenenversicherung. The French form of this term is Assurance-vieillesse et survivants (AVS) and the English form is Old Age and Survivors Insurance (OASI).

This social security scheme is meant to provide a basic income after retirement, and makes up the first category (pillar 1a) of Swiss retirement planning. It is supplemented by occupational pension funds (pillar 2a), voluntary occupational pension funds (pillar 2b), tax-privileged private retirement savings (pillar 3a) and non-privileged private retirement savings (pillar 3b).

More on this topic:
Swiss 3a retirement account comparison
Swiss private retirement fund comparison
Swiss social security forum

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Daniel Dreier is editor and personal finance expert at moneyland.ch.