Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 27.03.2011, 01:35
Newbie
 
Join Date: Feb 2011
Location: Geneva
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
geneva29 has no particular reputation at present
Lump Sum Pension Payment and departure taxes

I am a US citizen with a C permit who will be transferring back to the US within the same company. I understand that in order to withdraw my second pillar pension lump sum I will need to furnish the pension provider with my official notice of departure. I have also been told that in order to receive my official notice of departure I will need to file and pay all taxes due up to the date of departure. These are income taxes due for calendar year 2010 and partial 2011.

I would like to use my pension assets to pay the taxes due at departure, is this possible? Can the taxes due be withheld by the pension provider on the lump sum withdrawal, in addition to the special lump sum tax assessed?

I understand that a letter of guarantee for payment from an employer is no longer acceptable for the en lieu of full payment.

Any advice is much appreciated.
Reply With Quote
 

Tags
leaving switzerland, lump sum taxation, pension, pension ahv leaving, tax advice




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Reducing tax on pension taken as a lump sum wanderingkiwi Finance/banking/taxation 10 01.06.2016 14:19
Lump-Sum Expenses are to be declared as Salary income? pinipon Finance/banking/taxation 0 23.03.2011 17:53
Swiss Tax on UK pension lump sum davidhenry Finance/banking/taxation 7 09.06.2010 08:33
tax implications for bringing into Switzerland a lump sum lankylewis Finance/banking/taxation 14 22.06.2008 22:52


All times are GMT +2. The time now is 14:23.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0