View Single Post
Old 30.09.2014, 11:54
jjake jjake is offline
Join Date: May 2012
Location: Basel
Posts: 145
Groaned at 0 Times in 0 Posts
Thanked 122 Times in 66 Posts
jjake has no particular reputation at present
Freizuegigkteiskonto - tax when moving to the US?

Hello, a friend just asked me a question related to US taxation that I can't help with - they will be moving to the US and want to keep their pension savings (2nd pillar) in a Freizuegigkeitskonto here. They were told by someone that the total sum will be considered taxable income in the month of the move to the US by US tax authorities. Of course, they will also need to pay Swiss tax at time of withdrawal (in many years ...)
Is this regarding US taxation correct?
Reply With Quote