Before I start I will say that even with my planned action, I've perfectly adequate pension provision!
One of my mortgages with UBS expires at the end of February. I have a vested benefit account (Freizügigkeitskonto) with BLKB. I intend to use that money to pay of the mortgage that is expiring. I've already spoken with UBS about this, and it will be straightforward.
I'm going to BLKB tomorrow, but I wondered if anyone has gone through the process, because I don't know what to expect, and it will be useful to know beforehand. I guess the question is, how will BLKB verify that the money is going to pay off the mortgage? Do I just declare that it will, and they trust me? I've looked at their website and it's not very clear. I do see they'll charge me 216CHF for the privilege!
Also, I heard somewhere that there will be some tax payable for the early draw down; any idea how much that will be?
I'll update this thread with my experience anyway.