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Old 26.03.2015, 12:23
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Re: Swiss pension question

What is the earliest age at which you can retire and claim your 2nd pillar money?
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Old 26.03.2015, 12:27
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Re: Swiss pension question

Just to add to the conversation:

Per the advice of my tax lawyer, I have been reporting both the employer contribution as income (form 1040, but also deductible via form 2555), and the earnings as taxable (i.e. normal interest) on Schedule B.

Earnings from Pillar 3a have also been reported on Schedule B.

Both accounts have been listed on the FBAR form (I don't have enough assets to worry about form 8938).

I hope this puts me in the clear, as I"m leaving Switzerland this summer and returning to the US.

Runningdeer, why does Pillar 3 make it more complicated?
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Old 26.03.2015, 16:05
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Re: Swiss pension question

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What is the earliest age at which you can retire and claim your 2nd pillar money?
58 according to this extract:

Early retirement

With regard to the 1st pillar, you may withdraw your AHV pension 1 or 2 years ahead of time. This will, however, reduce your pension throughout retirement by 6.8% (for 1 year) or by 13.6% (for 2 years). The terms and conditions for early retirement are described in the brochure on flexible retirement below (available in German, French or Italian).

With regard to the 2nd pillar, you have the option to retire early only if your pension fund’s regulations expressly provide for early retirement and under the conditions set by the pension. The minimum age for early retirement is set at 58. In this case, you will only receive your occupational pension (2nd pillar) until you reach the statutory retirement age. To bridge the gap until you receive your AHV pension, check with your pension fund to see if it provides a supplementary pension, known as the ‘AHV bridge’. Employers sometimes offer this supplementary pension; if not, it is up to the employee to take out this pension on his/her own.

Early retirement reduces AHV and 2nd pillar pensions throughout retirement.


Full text here: https://www.ch.ch/en/retirement-age/

Last edited by Macer; 26.03.2015 at 16:06. Reason: correct spelling
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Old 04.04.2015, 22:19
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Re: Swiss pension question

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Interesting interpretation. I know an American who first transferred her Säule 2 pension to a Freizügigkeitskonto and then later to the Auffangeinrichtung. The CPA did not consider these two transfers to be a distribution.
Can you send me a PM with the name of the CPA?
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