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  #121  
Old 28.02.2009, 13:25
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Re: 3rd Pillar Pension Fund

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Just opened a 3rd Pillar with Postfinance and filled in another form for my existing 3a to be transferred there. Made it clear the account was dedicated to the indirect amortization of a mortgage (PF rates now 2.75% vs. 2.25% with ZKB).

Just got a letter back from the Kantonalbank where I still have my mortgage and they say it has an "unmittelbar Verbindung" with my mortgage therefore they won't comply.

So my only option is to change mortgage providers? (Or send in the lawyer?).
I think you need to talk to the KB manager and tell them you will remortgage if they dont accept the security on the PostBank 3rd pillar. They are more than capable of taking security from 3rd parties...

D
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  #122  
Old 28.02.2009, 13:54
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Re: 3rd Pillar Pension Fund

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I think you need to talk to the KB manager and tell them you will remortgage if they dont accept the security on the PostBank 3rd pillar. They are more than capable of taking security from 3rd parties...

D
Thanks for the sanity check. I thought it's a real nice try. Actually I have the option to re-mortgage at good rates as my new employer is an insurance company that offers mortgages. In addition my local rag had an article from the local KB manager discussing the merits of switching to a LIBOR rate given current developments.
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  #123  
Old 28.02.2009, 21:13
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Re: 3rd Pillar Pension Fund

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Thanks for the sanity check. I thought it's a real nice try. Actually I have the option to re-mortgage at good rates as my new employer is an insurance company that offers mortgages. In addition my local rag had an article from the local KB manager discussing the merits of switching to a LIBOR rate given current developments.
LIBOR sure.. Im paying 1.27% PA on this quarter's interest. Probably and even better time to fix for as long as possible if you are reasonably certain of staying a while (or at least keeping the property for a while).

D
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  #124  
Old 29.04.2009, 21:05
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Re: 3rd Pillar Pension Fund

About 2 months ago I sent my request for the 'correction of Quellensteur' to the Steueramt, but I haven't heard from it since. How long does it usually take to get a response or refund?
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  #125  
Old 30.04.2009, 13:12
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Re: 3rd Pillar Pension Fund

Can be up to 2 years. I'm not kidding.
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  #126  
Old 02.05.2009, 14:00
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Re: 3rd Pillar Pension Fund

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About 2 months ago I sent my request for the 'correction of Quellensteur' to the Steueramt, but I haven't heard from it since. How long does it usually take to get a response or refund?
Should be by May-end or max June, if it's a simple return like 3A claim.
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  #127  
Old 11.05.2009, 16:06
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Re: 3rd Pillar Pension Fund

Hi, has anyone had any experience with TreStar? http://www.trestar.ch/
They seem to be still offering 3% interest on 3a accounts, while interest rates have come way down at other banks. Just wondering whether there are any hidden costs etc that may be associated with this..
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  #128  
Old 11.05.2009, 16:26
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Re: 3rd Pillar Pension Fund

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They seem to be still offering 3% interest on 3a accounts, while interest rates have come way down at other banks
Maybe before subscribing you should ask them if they are planning to drop their rates any time soon?

It won't be much use if they have already planned to lower their rates next month.
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  #129  
Old 01.06.2009, 00:19
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Re: 3rd Pillar Pension Fund

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Hi, has anyone had any experience with TreStar? http://www.trestar.ch/
They seem to be still offering 3% interest on 3a accounts, while interest rates have come way down at other banks. Just wondering whether there are any hidden costs etc that may be associated with this..
3% appaers often to attract people (marketing), but the interest is actually less....2.625%
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  #130  
Old 01.06.2009, 00:38
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Re: 3rd Pillar Pension Fund

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Careful! Please verify where the 3a Foundation is located. That is crucial. Not where the Bank is. The Kantonal Banks have a joint Foundation (SwissCanto) http://www.swisscanto.ch/ch/en/index.html
I vaguely remember that it is registered in Basel. If so, Basel taxation will apply to non resident former expats.


The pillar Pens3a (www.pens3a.ch) is located in the canton of Schwyz with the lowest tax at source rate.

Tax at rate tarif depends on the headquarter of the foundation.
To pay the less tax at source after having left Switzerland permanently, it makes sense to sort out what is the effectif tax at source to pay in this canton. Depending on the amount one canton might be cheaper than the other....as one canton wants to privilege amounts up to 40k, others the one up to 60 and so on.

One point has not to be forgotten: Usually, when you have a 3rd pillar to withdraw, you have usually as well a vested benefit from the second pillar to withdraw....then the wholw situation is changing anyway....
The amounts (3rd + 2nd) pillars become bigger and the tax at source tarif of the canton of Schwyz will certainly be the cheappest.

Therefore, www.pens3a.ch has a sister foundation www.pensfree.ch which is as well headquarterd in the canton of Schwyz. From personal experiences it is very convenient and easy from the point of administration and taxes to do both withdrawal simultaneously(2nd + 3a) through them. Of course, each situation is personal and different things has to be checked. It is worth to check it.
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  #131  
Old 01.06.2009, 00:48
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Re: 3rd Pillar Pension Fund

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Just opened a 3rd Pillar with Postfinance and filled in another form for my existing 3a to be transferred there. Made it clear the account was dedicated to the indirect amortization of a mortgage (PF rates now 2.75% vs. 2.25% with ZKB).

Just got a letter back from the Kantonalbank where I still have my mortgage and they say it has an "unmittelbar Verbindung" with my mortgage therefore they won't comply.

So my only option is to change mortgage providers? (Or send in the lawyer?).

Legally it should be possible to transfer your 3a pillar amount to another 3a foundation. You can pledge your 3a at Postfinance to the ZKB.

There is a little bit more work (one shot). The problem is that ZKB will earn less afterwards. The market for pillar 3a is quite rigid. Most people open an account by a bank or have a 3a life insurance....and it stays for ages like this. Besides on getting the interest for your mortgage, they want to have your 6K every year (which reduces their risk, as the amount which is pledge gets higher) and at the same time they pay you a low(er) interest.

The best thing ist o talk to ZKB and convince them...."unmittelbare Verbindung....has nothing legal....but explains really well what is meant (as below).
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  #132  
Old 30.06.2009, 14:20
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Re: 3rd Pillar Pension Fund

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Should be by May-end or max June, if it's a simple return like 3A claim.
I see Wakey is listed as being in ZH, but if you're in Geneva then "max June" is laughable. Here it gets later every year apparently due to "increasing demand". I got mine in August in 2007 and October (or maybe even November?) in 2008 even though the demande de rectification was sent in before the 31.03 deadline. I'll probably get this year's next year

Maybe I'm just further down the alphabet than you
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  #133  
Old 30.06.2009, 14:27
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Re: 3rd Pillar Pension Fund

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I see Wakey is listed as being in ZH, but if you're in Geneva then "max June" is laughable. Here it gets later every year apparently due to "increasing demand". I got mine in August in 2007 and October (or maybe even November?) in 2008 even though the demande de rectification was sent in before the 31.03 deadline. I'll probably get this year's next year

Maybe I'm just further down the alphabet than you
In 2008, I got in May itself. This year I didn't apply as it didn't appear worth to me.

And I can't be alphabetically higher than you because I have always waited till last during all my school and college vivas just because both my first and last name are very down in alphabets
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  #134  
Old 30.06.2009, 15:50
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Re: 3rd Pillar Pension Fund

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In 2008, I got in May itself. This year I didn't apply as it didn't appear worth to me.

And I can't be alphabetically higher than you because I have always waited till last during all my school and college vivas just because both my first and last name are very down in alphabets
May??? I'm impressed,Wildboar! Well, it can't be the alphabet then. I'm just unlucky I guess
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  #135  
Old 30.06.2009, 17:27
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Re: 3rd Pillar Pension Fund

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May??? I'm impressed,Wildboar! Well, it can't be the alphabet then. I'm just unlucky I guess
Well, i didn't wait for march-end deadline to apply but it was in february itself that I sent all papers and it was just 3rd pillar contribution.

May be, earlier you apply, earlier you get and waiting period increases exponentially if u wait more before applying.
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  #136  
Old 30.06.2009, 21:29
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Re: 3rd Pillar Pension Fund

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I see Wakey is listed as being in ZH, but if you're in Geneva then "max June" is laughable. Here it gets later every year apparently due to "increasing demand". I got mine in August in 2007 and October (or maybe even November?) in 2008 even though the demande de rectification was sent in before the 31.03 deadline. I'll probably get this year's next year

Maybe I'm just further down the alphabet than you
Well, today is the last day of June and I still haven't heard anything It's not like I'm waiting for it but it's good to know that it will come some day... better late than never!
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  #137  
Old 19.07.2009, 12:05
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Re: 3rd Pillar Pension Fund

Hope you find this article useful
Attached Files
File Type: pdf sn12_16-17_Money.pdf (342.9 KB, 471 views)
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  #138  
Old 17.08.2009, 00:39
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Re: 3rd Pillar Pension Fund

Hi, do you know if I can still take advantage of the tax-saving wit the 3rd pillar for the year 2009?
I live in Geneva and my taxes have been being paid directly my employeer eveyr month. Can I still take anything back?

Thanks.
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  #139  
Old 11.09.2009, 20:09
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Re: 3rd Pillar Pension Fund

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Hi, do you know if I can still take advantage of the tax-saving wit the 3rd pillar for the year 2009?
I live in Geneva and my taxes have been being paid directly my employeer eveyr month. Can I still take anything back?

Thanks.
it is based on the calender year, so you have to 29 or 30 Dec this year, depending on financial institution.
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  #140  
Old 11.09.2009, 23:16
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Re: 3rd Pillar Pension Fund

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Well, today is the last day of June and I still haven't heard anything It's not like I'm waiting for it but it's good to know that it will come some day... better late than never!
Update! Last week I got a letter stating that a certain amount of tax would be refunded to my bank account. I'm happy to know that the system works, and will now make my payment for 2009.
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