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| A relate issue- I am told that if you become a sole trader you can use your pension as cash too. ok so perhaps a bit risky, see earlier post on this, but I dont have too much faith in pension companies either.
My father retired officially about 7 years ago I think, and his pension had lost a great deal of its value cause the pension company had poorly invested it.... | |
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I just received the form for "Transfer of Vested Benefits" and yes, there is an option to tick if you are leaving your current employment to become self-employed:
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| - cash payment of total vested benefits as I am self employed and do not wish to continue with the LLP"
(an up-to-date attestation of the corresponding AVS Compensation Fund to be attached with the form) | |
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With regards to leaving Switzerland, there are 3 options:
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| - I am moving/have moved to a non-EU/EFTA member country. I wish to have my full vested benefits paid in cash (payment is subject to tax at source).
- I am moving/have moved to a EU or EFTA member country and am NOT subject to compulsory State pension insurance. I attest that I will have the competent foreign authorities provide the necessary proof (via official application form to determine social insurance liability - see www.verbindungsstelle.ch (also in english)). I wish to have my full vested benefits paid in cash (subject to tax at source).
- I am moving/have moved to a EU or EFTA member country and am subject to compulsory State pension insurance. (Please read brochure edited by the LOB Guarantee Fund; see www.verdindungsstelle.ch). The mandatory BVG/LLP part of my vested benefits is to be transferred to a vested benefits account or paid-up policy (please enclose a copy of the application to open a blocked account). I wish to have the extra-mandatory vested benefits paid in cash (payment is subject to tax at source).
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Here is the link to the english brochure:
http://www.verbindungsstelle.ch/vste...version-en.pdf