| Quote: | |  | |
| Hi Scotlander,
Your pension fund- and pillar3a-assets can be withdrawn after you have finished your job and after you have deregistrated.
Usually, the transfer takes max 30 days.
But some restrictions apply:
1) No restrictions for pillar 3a
2. Pension fund assets:
2a)When leaving outside the EU: no restrictions
2b) When leaving to the EU:
the mandatory part (LPP) can be taken out only:
-when turning 60 or
-when unsing it for private homeownership, eg. when you buy a house
or apt. or reduce an existing mortgage.
The funds will not be paid out to you, but to the mortgage giving bank.
2b) The "over-mandatory amount is | |
| | |
Pillar 2 can be taken if full when moving to an EU country if the person does not need to be insured in their new country. I got a full payout aged 52 when I went to live in Malta. It's a shame people & insurance companies always give out incorrect info, the rules are very clear. There is even a special dept. in Bern to deal with this
| Quote: | | | |
| Can anyone advise how long it usually takes for 2nd and 3rd pillar pension payments to be paid out after leaving CH? 3rd pillar is with Credit Suisse. Many thanks. | |
| | |
That depends on where you are moving to, for Pillar 2 you will often have to have been resident for over 6 months in your new country of residence. After the actual paperwork is completed in full about 1 week for the money to hit your account.