{"id":8480,"date":"2020-04-09T19:52:04","date_gmt":"2020-04-09T17:52:04","guid":{"rendered":"https:\/\/www.smolio.ch\/faq\/"},"modified":"2024-09-16T19:05:17","modified_gmt":"2024-09-16T17:05:17","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.smolio.ch\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull\" data-block-type=\"core\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"alignfull wp-block-ugb-container ugb-container ugb-container--width-small ugb-718e940 ugb-container--v2 ugb-container--design-plain ugb-main-block ugb--has-custom-content-width\"><style>.ugb-718e940.ugb-container > .ugb-inner-block{max-width:1170px !important}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-718e940-wrapper\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-718e940-content-wrapper\">\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-h-ufig-gestellte-fragen-faq\">Frequently asked questions (FAQ)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Questions about the pension calculator<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1629214707723\"><strong class=\"schema-faq-question\"><strong>How accurate are the calculated pensions?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio calculates your possible pension to the best of its knowledge and belief based on the information in the pension calculator.\nWe make a number of assumptions and simplifications, as we are unable to reflect all the intricacies of old-age and survivors\u2019 insurance (AHV) and the numerous pension fund regulations.\nEven with AHV and the pension fund, your pension amount is only final when you receive your pension statement, as your income may change continuously until then.\nWe therefore ask for your understanding that we cannot guarantee the calculated values.\nThe more information you give us, the more accurately we can calculate your pension.    <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629214723283\"><strong class=\"schema-faq-question\"><strong>What assumptions and simplifications does the pension calculator make?<\/strong><\/strong> <p class=\"schema-faq-answer\">In the AHV<br>we take into account a childcare credit of 16 years for the first child and 2 additional years for each additional child, we do not take into account any childcare credits, we deduct years of absence from a full contribution period, we assume that your current salary has always been this high since you started working and will remain this high until you retire (\u201cconstant salary level\u201d) and that this is also the case for both (spouses), we apply the so-called \u201cgolden rule\u201d and assume that salaries, prices and interest on retirement assets develop in the same way.<br>In the pension fund (BVG)<br>If we assume a full contribution period from the age of 25, the respective compulsory contributions for the corresponding age category and insured salary \/ coordination deduction in accordance with the BVG, we will apply interest on all contributions already made and future contributions up to retirement at the currently applicable BVG interest rate of 1.0%, which leads to excessively low BVG retirement assets, particularly for older insured persons.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629214800325\"><strong class=\"schema-faq-question\"><strong>What does the gap or cushion mean?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio calculates how much income you (or you as a couple) will have in your first year of retirement (or the first year of retirement of one of the two partners) from the first, second and third pillars.\nWe first compare this income with a requirement of 80% or the <a href=\"https:\/\/www.smolio.ch\/de\/pension\/edit\/\">requirement<\/a> you have set.\nThis can result in a surplus or shortfall, which is shown as a gap or cushion.\nIn the case of couples, there may be a change between a cushion and a gap over time.\nPlease study the results chart in the pension cockpit.\nIt shows you your income flows and gap\/ cushion on an annual basis; if you move the mouse over the individual bars, it will show you the detailed values.     <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629214818360\"><strong class=\"schema-faq-question\"><strong>How does Smolio arrive at the minimum requirement in retirement?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio is based on the <a href=\"https:\/\/www.smolio.ch\/wissen\/wie-viel-geld-braucht-ein-rentner-in-der-schweiz\/\">tried-and-tested rule of thumb<\/a> that you need around 80% of your last gross income in retirement.\nIf you have less than 60% of the median income of the population as a whole, you slip below the at-risk-of-poverty threshold and are at risk of social exclusion.\nThe median income is the income at which there are as many people with a higher income as with a lower income.\nIf you take the median income, you are therefore in the middle of a group: there would be just as many people with more and just as many people with less income than your median income.\nThis is why Smolio sets the minimum requirement at the Federal Statistical Office\u2019s at-risk-of-poverty threshold of CHF 30,000 for a single-person household or CHF 45,000 for a household with two adults; this corresponds to 60% of the Swiss median income.    <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629214936551\"><strong class=\"schema-faq-question\"><strong>My annual gap remains the same every year in retirement, even though there is inflation.\nWhy isn\u2019t the gap growing? <\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio assumes the \u201cgolden rule\u201d: wages, inflation and pensions develop in the same way.\nIf we were to make assumptions about inflation, we would also have to make assumptions about the development of the AHV pension classes and future interest on retirement assets.\nAs forecasts are inherently flawed, we have omitted the fictitious accuracy resulting from forecasts for the sake of simplicity.  <\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><br\/>Questions about Smolio<\/h2>\n\n\n\n<p data-block-type=\"core\"><\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1629214986308\"><strong class=\"schema-faq-question\"><strong>Who is behind Smolio?<\/strong><\/strong> <p class=\"schema-faq-answer\"><a href=\"https:\/\/www.smolio.ch\/de\/ueber-uns\/\">Smolio<\/a> is an independent Swiss startup of young entrepreneurs with experience in user experience design, software development, psychology and capital markets.\nThe questions from us and our friends and colleagues, as well as the need to manage our private finances ourselves, have brought us together and motivated us to share our experience with you through Smolio. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629215001057\"><strong class=\"schema-faq-question\"><strong>How is Smolio financed?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio is independent of banks and insurance companies and is financed by the founders with a long-term vision.\nFor us, the focus is initially on customer centricity and developing the offering rather than monetizing it.\nWe are convinced that offers that create value for customers lead to demand and thus also to a willingness to pay.\nBasic functions will always be free of charge, but we will make certain functions available for a fee in the future.\nWe are also monetizing our collaboration with independent asset managers.\nHowever, Smolio will remain independent.\nWe do not broker any financial products.\nThis means that we are there 100% for our customers and do not receive any commission for brokering financial products.       <\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Questions about data security<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1629215051557\"><strong class=\"schema-faq-question\"><strong>What happens to my data?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio does not pass on any personal data to third parties unless you expressly agree to this (e.g. if you request advice from an asset manager).\nWe use your portfolio data for our statistics in order to further develop Smolio for our users. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629215068351\"><strong class=\"schema-faq-question\"><strong>How can I delete all my data?<\/strong><\/strong> <p class=\"schema-faq-answer\">If you decide to leave Smolio, all your personal data will be deleted immediately and irrevocably.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629215081693\"><strong class=\"schema-faq-question\"><strong>How is my data protected?<\/strong><\/strong> <p class=\"schema-faq-answer\">Your data is transmitted to Smolio in encrypted form.\nSmolio stores your data on servers in Switzerland. <\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fragen-zu-den-tipps\">Questions about the tips<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1629215123063\"><strong class=\"schema-faq-question\"><strong>Who can give me tips and recommendations?<\/strong><\/strong> <p class=\"schema-faq-answer\">Smolio provides tips that we believe apply to people in a similar situation to you.\nWe help you so that you can decide for yourself whether you want to optimize your finances accordingly.\nThe tips are based on publicly available information and experience.\nSmolio offers financial coaching.\nIf you need individual financial advice, you can contact an <a href=\"https:\/\/www.smolio.ch\/de\/contact\/advice\/\">independent wealth manager<\/a> via Smolio for advice.    <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629215149287\"><strong class=\"schema-faq-question\"><strong>Who is liable for tips and recommendations?<\/strong><\/strong> <p class=\"schema-faq-answer\">You decide on your finances and carry out actions and transactions yourself.\nSmolio accepts no liability for this. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1629215159868\"><strong class=\"schema-faq-question\"><strong>Can an independent asset manager give me stock tips?<\/strong><\/strong> <p class=\"schema-faq-answer\">Our independent asset managers can provide advisory services on your behalf, for example by reviewing your investment considerations and investment proposals and advising you.\nTheir opinion should help you to select the right investment for you.\nAny forecasts given are estimates based on experience and current developments.\nThey do not necessarily come true.\nSmolio accepts no liability.    <\/p> <\/div> <\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Frequently asked questions (FAQ) Questions about the pension calculator Questions about Smolio Questions about data security Questions about the tips<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8480","page","type-page","status-publish"],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","davenport-blog-thumb":"","davenport-blog-thumb-grid":"","davenport-blog-thumb-widget":"","davenport-blog-thumb-masonry":"","woocommerce_thumbnail":"","woocommerce_single":"","woocommerce_gallery_thumbnail":""},"post_excerpt_stackable_v2":"<p>Frequently asked questions (FAQ) Questions about the pension calculator How accurate are the calculated pensions? Smolio calculates your possible pension to the best of its knowledge and belief based on the information in the pension calculator. We make a number of assumptions and simplifications, as we are unable to reflect all the intricacies of old-age and survivors\u2019 insurance (AHV) and the numerous pension fund regulations. Even with AHV and the pension fund, your pension amount is only final when you receive your pension statement, as your income may change continuously until then. We therefore ask for your understanding that we&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Adrian","url":"https:\/\/www.smolio.ch\/en\/wissen\/author\/adrian\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/pages\/8480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/comments?post=8480"}],"version-history":[{"count":1,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/pages\/8480\/revisions"}],"predecessor-version":[{"id":8481,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/pages\/8480\/revisions\/8481"}],"wp:attachment":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media?parent=8480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}