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OTHER BENEFITS
Investing in your own home
Why not fulfil your dream of owning your own home? The Hitachi Group Pension Fund offers you two options for financing the purchase or construction of residential property – which is also a form of retirement provision: withdrawal or pledging of pension assets.
Early withdrawal for financing home ownership
Home ownership can be a form of providing for old age. The law therefore promotes home ownership using funds from pension funds. Savings capital can be withdrawn or pledged for the purchase or construction of residential property, for a share in residential property or for the full or partial repayment of a mortgage.
Key requirements for an early withdrawal or pledge:
- You must occupy the property yourself.
- The minimum amount for an early withdrawal is CHF 20,000.
- Early withdrawals can only be claimed every five years.
An early withdrawal or realisation of a pledge reduces the savings capital and affects the level of benefits. Voluntary buy-ins cannot be made until the early withdrawal has been repaid in full.
Further information can be found in the leaflet on the home ownership encouragement scheme.
