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Old 19.12.2015, 07:50
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Retirement money

Hi All, I'm new to Switzerland and of course have taxes and retirement taken from my paycheck. I looked at my first paystub and saw two items for retirement: old-age pension (coded as 4030) and occupational pension (coded as 4605). I understand that if / when I leave Switzerland I have the right to get the complete amount of my retirement funds. Does this mean one, or the other, or both of them?
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Old 19.12.2015, 08:22
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Re: Retirement money

I don't know how good your German is but when I wondered the same thing a while back , I used this...

http://www.personalsearch.ch/doc/Mus...echnung_V1.pdf .. for the codes.

And you can take both assuming your a native of a country without the bilateral agreements.
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Old 19.12.2015, 11:19
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Re: Retirement money

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Hi All, I'm new to Switzerland and of course have taxes and retirement taken from my paycheck. I looked at my first paystub and saw two items for retirement: old-age pension (coded as 4030) and occupational pension (coded as 4605). I understand that if / when I leave Switzerland I have the right to get the complete amount of my retirement funds. Does this mean one, or the other, or both of them?
The Pillar 2 is yours, your employer will pay the same (or more). Not all the money gets invested due to insurance requirements.

When you leave CH it can often be taken as cash even if leaving for the EU which most people say is impossible. Swiss law does not need interpreting which is why most people get the answer wrong. It depends on the country your going to, I don't know of any country outside CH that requires compulsory insurance. UK, France, Germany & Malta don't.
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Old 19.12.2015, 12:43
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Re: Retirement money

I'm not an expert on the 1st pillar but according to this:

Refund of 1st and 2nd Pillar

It can get heavily taxed up to 75% in process on premature withdrawals like e.g. when leaving CH.
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Old 19.12.2015, 12:45
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Re: Retirement money

Thanks for your replies. How can I know which one is the pillar 2 contribution?
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Old 19.12.2015, 12:49
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Re: Retirement money

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Thanks for your replies. How can I know which one is the pillar 2 contribution?
On your pay slip look for acronyms:

BVG

1st pillar : ALV - Beitrag
2nd pillar: AHV - Beitrag

Also further read:

http://www.bsv.admin.ch/praxis/02504/?lang=de

https://www.axa-winterthur.ch/SiteCo...uments/vic.pdf

http://www.pwc.ch/user_content/edito...w_stenberg.pdf
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