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Old 24.09.2015, 11:01
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Leaving CH for US - Finances

Hi All,

After years (what am I saying - a decade) of finding solace on this web site, I have finally registered...a mere months from finally moving away.

I have found useful information in another post, but would still need pointers about the following:
- When moving to the US, is one even allowed to have a CH bank account? If not, how does one manage tax payments from abroad?
- What options does one have regarding pillars II and III?

Thanks in advance
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Old 29.09.2015, 19:54
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Re: Leaving CH for US - Finances

I think you are not allowed to keep an account here is Switzerland, if you go on residence visas there. For 2 years, my husband was living in the US, and we wanted to have an account on his name here in Switzerland, as a joint account holder with me (I live in Switzerland). Credit Suisse said, its not allowed!
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Old 29.09.2015, 20:01
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Re: Leaving CH for US - Finances

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Hi All,

After years (what am I saying - a decade) of finding solace on this web site, I have finally registered...a mere months from finally moving away.

I have found useful information in another post, but would still need pointers about the following:
- When moving to the US, is one even allowed to have a CH bank account? If not, how does one manage tax payments from abroad?
- What options does one have regarding pillars II and III?

Thanks in advance
Nothing to stop you, however if you update your address they will probably want you to close it unless your fairly wealthy.
You could pay any tax payments from the US, normally you have to pay tax in full before leaving so it's just a refund from the tax office.
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Old 30.09.2015, 00:22
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Re: Leaving CH for US - Finances

And can one leave retirement funds frozen here until retirement age?
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Old 30.09.2015, 00:24
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Re: Leaving CH for US - Finances

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And can one leave retirement funds frozen here until retirement age?
Possibly, depending on the pension provider, however you could take 100% as cash with a small withholding tax which is what I did.
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Old 01.10.2015, 18:27
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Re: Leaving CH for US - Finances

Just a thought: would your retirement stash not be safer long term in CH than in the US?
I will likely retire neither in the USA or CH.
Opinions from financially-enclined folks are appreciated.
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Old 01.10.2015, 18:34
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Re: Leaving CH for US - Finances

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Just a thought: would your retirement stash not be safer long term in CH than in the US?
I will likely retire neither in the USA or CH.
Opinions from financially-enclined folks are appreciated.
I don't think cash & bonds in any currency are suitable for retirement assets. They should be invested in equities that over the long term will provide a substantially higher return.
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Old 01.10.2015, 18:41
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Re: Leaving CH for US - Finances

you can have an account here. Just dont tell anyone. My post and BCF were still running when we returned after 2 years in the US. one of the pillars gets paid out. the other one does not I believe.
final Tax declaration must be paid before leaving.

My info is from 2012 so maybe things have changed?
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