I will be leaving Switzerland for a non-European country and will elect to withdraw my accumulated second-pillar pension assets as a lump sum. I am resident in Basel Stadt, so would normally be subject to taxation.
However, I heard that PensFree (http://www.pens-expert.ch/en/free/moving-abroad/
) offers a service where I can elect to have the pension assets transferred to their fund, which is domiciled in Schwyz. Thereafter, I would request that PensFree transfer these assets to my personal bank account, at which point the Schwyz tax would be levied. Since Schwyz has a lower tax rate, I would be able to reduce my tax liability.
The question is whether this is approved by the Swiss tax authorities and also if Pensfree is a reputable institution. After all, we are talking about a significant amount of money that I will be entrusting to them, albeit for a short period of time. I'd be particularly interested to hear of others' experience with Pensfree.
Appreciate any insight into this matter.