Information for pension recipients

 

The following information only applies to pension payments from the Swisscanto Collective Foundation and the Swisscanto Supra Collective Foundation.

Payment dates

Helvetia Swisscanto processes payment orders so that the payment arrives at your payment institute (bank or post office) two to three working days – weekends and national public holidays are taken into consideration – before the due date. When your account is credited depends on the processing of incoming payments by your payment institute.

Pensions are generally paid quarterly and exclusively in advance and are due in each case on the first day of a calendar quarter. Accordingly, you will, for example, receive the pension for the months of April, May and June in the shape of a payment during the final working days in the month of March. Pro rata payments are possible, for instance if a pension entitlement arises from the month of May.

Payment dates 2017

Payment quarterly

(normal case)

Pension for the months

Payment monthly

(exception)

Pension for the months

Probable date of pension receipt

by your payment institute

January, February, March

January

22.12.2016

 

February

26.01.2017

 

March

23.02.2017

April, May, June

April

28.03.2017

 

May

25.04.2017

 

June

24.05.2017

July, August, September

July

27.06.2017

 

August

26.07.2017

 

September

28.08.2017

October, November, December

October

26.09.2017

 

November

26.10.2017

 

December

27.11.2017

January, February, March 2018

January 2018

22.12.2017

Payments to foreign countries

Transfers to payment institutes in the euro area take place in euros. Payments to other foreign countries take place in Swiss francs. The payment of Swiss francs to the euro area is not currently possible.

Exchange rate

Pensions are converted into the foreign currency at the foreign exchange rate on the day preceding the processing of our payment order. Processing takes place one week before the expected date of receipt. Helvetia Swisscanto has no influence on exchange rates.

Expenses

As Helvetia executes payments to the euro area in euros and to countries whose national currency is British pounds or US dollars in pounds or dollars, the customary fee for changing money does not apply.As Swisscanto executes payments to the euro area in euros, the customary fee for changing money does not apply.

Confirmation for tax declaration

At the end of January, Helvetia Swisscanto automatically provides pension recipients who are entitled to claim a pension and who have a residential address in Switzerland with confirmation of the pensions paid in the previous year, which can be enclosed with the tax declaration. The pensions paid in the year in question are listed, not those that were due. For example, the pension for the months of January to March is included in the confirmation from the previous year, as it was transferred to the payment institute in December of the previous year.