Withdrawal for house renovation

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  • Benutzernamemieszkanie77
  • Status Member
  • Registriert seit6/28/21
  • Beiträge1

Good Afternoon!

I would like to withdraw my 2nd pillar pension funds to renovate my house that is my domicile in Switzerland. I want to rent part of the house after the renovation. I will still live in the other part. 

Will I be allowed to finance the renovation from the pension funds given the fact that part of the house will be rented out in the future? The house will not be rented to anyone at the time of the withdrawal (only after the renovation work will be finalised).

Many thanks for the answer.

Isabel

 
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  • Benutzernameharold
  • Status Member
  • Registriert seit1/24/17
  • Beiträge63

As long as the property remains your primary residence, you shouldn't have any issue.

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  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

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