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Old 12.10.2016, 22:05
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Recommendation for US SS/Swiss AVS Planner

I am looking for a recommendation for a financial advisor with expertise in Swiss AVS and US Social Security.

Some of the questions I have:
- I worked in the US and now in Switzerland. When I retire, will I get a single pension from where I worked longest (Switzerland), or will I get 2 pensions
- If I have 2 pensions, how will this be taxed?

I am looking for a fee-based adviser, preferably near Geneve.

Thank you,
Mr.Mert
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Old 13.10.2016, 09:30
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Re: Recommendation for US SS/Swiss AVS Planner

As a resident of Switzerland, Switzerland SCO will coordinate your social security application with the US. You should expect that the US social security amount will be reduced by the so-called "windfall" provision and that you will physically receive two payments. See this link for "Information about the social security agreement Switzerland and the United States of America" and read, in particular, sections 8 and 9:

http://www.bsv.admin.ch/themen/inter...x.html?lang=en

Also this link contains useful information:

https://www.ssa.gov/international/Ag...tzrld.html#wep

If you are a US Person, you are normally subject to US income tax on your worldwide income. The US income tax that you pay on the US social security benefit will be determined by amount of your total earnings and other factors. If you are not a US Person, you should expect a 15% US withholding tax:

http://blogs.angloinfo.com/us-tax/20...re-they-taxed/

For further information, you might wish to contact a US CPA in the Geneva area and could possibly find one in your area on this list:

http://www.acareturnpreparerdirector...on/switzerland
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