When a couple moves in together, the financial aspects need to be reviewed. Take this step with peace of mind.
Managing shared expenses
When it comes to rent payments or telephone, electricity and grocery bills, a joint account is the ideal solution for a simple way to manage shared expenses. A joint account also comes with the option of two Maestro cards to facilitate day-to-day spending.
Opening a joint account does not spell the end of your financial independence. Each individual can retain his or her own account for his or her income and personal spending. You can give your other half gifts discreetly!
It is a natural progression to want to move into your own place, somewhere you can feel at home, but before looking for your dream home, it is vital to know the maximum amount you can borrow to purchase your future property. To do this, the online simulators will enable you to find out how much you can borrow.
And, generally speaking, credit institutions require a minimum of 20% of the purchase price to be held as capital. To get the money together, you can use your 3rd pillar account, your 2nd pillar account (maximum 50% of your capital), a gift or even a property which you already own.
In any case, a meeting with your bank advisor will help you to find the right mix of capital or to build up your capital, depending on your circumstances.
Protect your spouse
The Swiss pension fund covers provision in the event of death or disability, in order to protect the surviving spouse, or the registered partner, and children. For example, the 1st and 2nd pillar provide payments of an old-age pension under certain conditions while the 3rd pillar A offers lump-sum benefits.
If you want to be able to rely on supplementary coverage, you can opt for a 3rd pillar (A and B). In addition, the 3rd pillar A allows you to benefit from yearly tax savings.
On the other hand, for couples who are not married or in a civil partnership, benefits are limited and apply only under certain conditions. The 1st pillar and 3rd pillar do not provide any benefits for the partner.
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