| Re: Money into Pension Fund & Tax Saving ?
Hi Richard,
I would need a clarification on this phrase « When you make your voluntary contributions this will be first used to fill holes in your obligatory pension contributions. Once this is complete it will carry over to the parts of the salary over the limit, if any”
Since, I started to work late in Switzerland, will the additional voluntary contributions would be first used to fill the back years (like if I would have started working since I was 25 years old; now I’m 36), in which case I stand to loose … Furthermore, every month from my salary a fixed amount is taken automatically and transferred to this pension fund, which I guess is the obligatory part …. So there shouldn’t be any need for filling-in the holes in the obligatory part if the calculations don’t apply to back-years. Am I right?
From the second part of your response, I infer that if one leaves Switzerland and starts working in another EU country then I could choose whether to transfer my Swiss pension fund into that EU country or not. So this means, I am given a choice to have my money frozen in Switzerland and not automatically transferred to the EU country of residence.
I very much appreciate your responses and thanks in advance
Ashish  |