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Old 27.05.2019, 07:23
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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I am not sure I follow you, FMF. I have read that the Swiss authorities will assess a final tax on the pension asset (when one leaves for the US) and that tax rate is contingent on where one resides canton-wise.

I have never read that this tax can be "reclaimed" from the Swiss tax authorities; I just assumed whatever tax we paid in Switzerland would offset our US tax liability for that calendar year.

Would you clarify? Many thanks!
The Swiss tax is a withholding tax, just like on interest or dividends & can be reclaimed if you choose to have the money taxed in another jurisdiction. Thats what DTA's are all about.

As you have almost zero tax liability in the US on a lump sum withdrawal you won't have anything to offset the Swiss withholding tax against.
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