Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 21.07.2011, 10:14
Ozzyk's Avatar
Junior Member
Join Date: Jul 2009
Location: Lausanne
Posts: 30
Groaned at 9 Times in 5 Posts
Thanked 6 Times in 5 Posts
Ozzyk has no particular reputation at present
3rd pillar not deducted, now leaving country....pls help

i was wondering whether anyone could help me...i put some money into 3rd pillar to save some tax, however when i wanted to claim the tax back, i was told my tax is from the source(dunno if thats correct) but it means it automatically gets deducted from my salary, so i was never able to claim the tax back on the money i put into 3rd pillar, and now i am leaving the country, and want to take money out, they are saying i have to pay 6 - 8 % tax again! so im paying tax on the money i have already paid tax on! if i never put it into 3rd pillar, i would have been better off! is there anyway i can get around this?

Reply With Quote
Old 21.07.2011, 15:36
Chris77's Avatar
Junior Member
Join Date: Dec 2009
Location: Zurich
Posts: 69
Groaned at 0 Times in 0 Posts
Thanked 31 Times in 21 Posts
Chris77 is considered knowledgeableChris77 is considered knowledgeableChris77 is considered knowledgeable
Re: 3rd pillar not deducted, now leaving country....pls help

I am not sure I know all the facts well enough but my understanding is that if you are employed (as opposed to self employed) and earn less than CHF 120k you are not required to do a tax return. Your tax is deducted from your monthly salary by your employer.

This deduction at source is calculated based on the average tax rate for the canton. So depending upon where you live in the canton you might be slightly worse or better off depending upon whether where you actually live has a higher or lower tax rate (and may wish to do a proper tax return).

If you have paid into a 3rd pillar account and earn less than CHF 120k there is a form that you need to complete and submit (I think by 31 March) for every tax year to get the tax back in respect of your 3rd pillar contribution.

If you earn more than CHF 120k you will be doing a tax return anyway and claim the deduction in that.

It seems like you will end up paying tax twice on the amount unless someone who knows more than me knows of a way around this. Sorry....
Reply With Quote

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
3rd Pillar Pension Fund Richard Finance/banking/taxation 485 06.09.2019 21:22
2nd & 3rd pillar - cashing out upon leaving CH Duncheg Finance/banking/taxation 18 06.12.2013 13:55
Pay into 2nd pillar whilst drawing on 3rd pillar jaudi Finance/banking/taxation 19 12.07.2011 09:05
3rd Pillar Questions alanmack Finance/banking/taxation 5 02.12.2009 09:55
b permit and leaving for awhile...pls help if you can debi Permits/visas/government 27 04.01.2008 02:44

All times are GMT +2. The time now is 03:55.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0