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Old 10.06.2008, 21:57
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Re: Pensions - how much are they really worth

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How can one buy missing years? Does this correlate/ overlap with the voluntary 2nd pillar contribution and opening a Freizugigkeitskonto? And if one is taxed at source, can the missing years purchase be claimed as a deduction from Quellensteuer when a Korrektur is filed?

I assume that when one leaves Switzerland for good, these "missing years" get returned, as the mandatory 2nd pillar does. Is that right?

Thanks in advance!
You can only buy missing years on the company pension fund or second pillar. A freizugigkeitskonto is something completely different... And yes you can deduct additional pension contributions from your Quellensteuer BUT you must do this by March of the year after the year in which you paid ie March 09 for a contribution in 08.

The mandatory 2nd pillar does not get returned when you leave Switzerland unless you leave to a country without an agreement with Switzerland so basically not EU or a few other countries dotted around the world.

Contributions above the mandatory contributions are however reimbursed.
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  #22  
Old 11.06.2008, 09:36
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Re: Pensions - how much are they really worth

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You can of course upon retirement choose to take capital instead of a monthly pension and transfer that but you will probably get stung on tax at the moment the money crosses the border...
I am not entirely sure about this - I have had many clients who transferred their pension lump sum pay-outs to the UK after retirement and they certainly did not have a tax liability.
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  #23  
Old 17.06.2008, 14:38
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Re: Pensions - how much are they really worth

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You can only buy missing years on the company pension fund or second pillar.
Thanks Richard, as always!

Do I understand it correctly that I have to go to the HR office to buy the missing years?

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The mandatory 2nd pillar does not get returned when you leave Switzerland unless you leave to a country without an agreement with Switzerland so basically not EU or a few other countries dotted around the world.

Contributions above the mandatory contributions are however reimbursed.
I am non-EU (Russia), so I can hope to get the mandatory part back as well. Now the question is: if a non-EU person goes to work in an EU country after leaving Switzerland, he/she would NOT be able to have the mandatory part returned, i.e. it matters WHERE the person goes rather than WHAT (EU or non-EU) this person is. Is this right?
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