FAQ

01 Private Pension

1. When should I start saving for retirement?

There’s no hard-and-fast rule—but the sooner you start, the better off you’ll be. This is partly because of the contributions themselves, and partly because compound interest has a huge impact over time. Financial advice can give you a clear picture of what fits your financial situation and your goals.

2. How much do I need to pay each month?

It depends on your age, income, lifestyle, and retirement goals. A rule of thumb is to contribute about 12–15% of your gross salary each year. But the answer varies from person to person—the only right answer is to seek advice.

3. What type of pension plan should I choose?

The choice depends on how you want your pension paid out: as a lump sum, over a number of years, or for life. Your tax situation also plays a role. We always recommend seeking advice before making this decision.

4. How is my pension taxed?

It depends on the type of savings plan you have chosen: A retirement pension is tax-neutral (no deductions, no tax upon withdrawal). An annuity pension and a lifetime pension provide tax deductions upon contribution but are taxed as earned income upon withdrawal. A lump-sum pension (closed to contributions) is taxed at 40% upon payout.

02 Company Pension Plan

1. What is an employer-sponsored pension plan?

A pension plan that a company sets up for its employees. The company contributes a certain amount to the employee’s pension, and the employee typically contributes as well.

2. Is a company pension mandatory for employees?

It depends on the plan. Some company pension plans are mandatory, while others are voluntary. This is determined when the plan is established.

3. Why offer a company pension plan?

A company pension plan makes it easier to attract and retain talented employees. It provides employees with financial security and signals that the company is taking responsibility for their future.

4. What are the benefits for the company?

Increased employee satisfaction, better recruitment and retention. Offering a pension plan may also provide tax advantages.

5. What types of insurance are included with a company pension plan?

Company pension plans often include life insurance, disability coverage, and health insurance—providing extra peace of mind in the event of illness, disability, or death.

6. What happens to your company pension when you change jobs?

The employee can leave the savings in the plan, transfer them to a new plan, or continue making private contributions. It’s a good idea to seek advice. At FR, we offer exit interviews when an employee leaves.

7. Can small businesses offer a company pension plan?

Yes. Even companies with just one employee can set up a corporate pension plan. Providers and minimum requirements vary.

8. Can employees choose an investment profile?

Yes, in many plans, employees can choose for themselves how their pension funds are invested—depending on their risk tolerance and preferences.

03 Senior Counseling

1. What is senior counseling?

Financial advice tailored to those who are approaching retirement or are already retired. The goal is to provide clarity and peace of mind, and to ensure that your assets and retirement benefits are utilized to their fullest potential.

2. When should I seek senior counseling?

Most people benefit the most 5–10 years before retirement, but financial advice is also relevant if you have already retired and want a better overview or to optimize your situation.

3. What can I expect to gain from a senior advisory meeting?

A comprehensive financial overview, specific recommendations, and a plan for how to best use your pensions, savings, and investments throughout your retirement.

4. What will we cover at the meeting?

Pensions and Payment Options
Savings and Investments
Taxes and Public Benefits
Inheritance and Wills
Your Expected Financial Situation as a Retiree

After the meeting, you'll receive specific recommendations and a clear action plan.

5. Can senior financial counseling improve my financial situation as a retiree?

Yes. Many people can significantly improve their financial situation. Even small adjustments can make a big difference over time.

6. Is the advice impartial?

Yes. We are completely independent of pension companies and financial service providers. Our recommendations are based on your needs and your situation.

7. Is senior financial planning only for those with substantial wealth?

No. This financial advice is relevant for anyone who wants peace of mind and a clear overview—regardless of the size of their assets.

8. How long does a course of treatment take?

We’ll set aside 1.5 hours for the meeting. Afterward, you’ll receive a written financial analysis with recommendations and an action plan. The total time required depends on the complexity of your financial situation.

9. Do I need to prepare anything before the meeting?

It’s helpful to gather information about your pensions, savings, debt, housing, and insurance. You’ll receive a checklist before the meeting.