Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 01.11.2007, 02:53
Newbie
 
Join Date: Nov 2006
Location: zurich
Posts: 5
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
doldol has no particular reputation at present
Tax on withdrawal of AHV + 2nd Pillar

As a man from a third world country (nonCH nor nonEU) and working CH for some years, I am aware that I can withdraw my AHV + company pensions in cash on my way home.

Here comes my question.
It is reasonable that I must pay tax for the portion of the contributions from the government and the company, but according to an HR man in my company I also have to pay tax for my own contributions, although these contributions were already taxed every month from my gross salary (quellensteur?). He gave me two websites to support his opinion.

http://www.steueramt.zh.ch/html/erla...vvorsorge5.htm
http://www.steueramt.zh.ch/html/erla...ter/w_qst1.htm

Unfortunately, they are all in German and I have no clue. Is he really correct?

Many thanks for your input.
dol
Reply With Quote
  #2  
Old 29.01.2008, 10:05
dannyt986's Avatar
Forum Veteran
 
Join Date: May 2005
Location: Wollerau, Schwyz
Posts: 1,835
Groaned at 26 Times in 19 Posts
Thanked 727 Times in 487 Posts
dannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond repute
Re: Tax on withdrawal of AHV + 2nd Pillar

Yes you pay tax on it, albeit much lower than income tax. This is because the swiss would be taxed on the amount at retirement.

I believe the wisdom is you are best off moving the money in two steps, first to a "freizugikeitskonto" in Schwyz canton which has the lowest rate of such tax, and then withdrawing it. I have seen this firm mentioned who seem to assist (no link to me, no implicit recommendation) site is in english http://www.pens-expert.ch/en/expert/

Daniel
Reply With Quote
Reply




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
Useful calculator for finding out how much tax you need to pay on 3rd pillar pay out muze7 Finance/banking/taxation 11 20.01.2012 07:37
Tax break on contribution to pillar 3a retirement pension ThomasSoerensen Finance/banking/taxation 6 07.10.2007 14:00
Heroin withdrawal - specialized clinics Felix Family matters/health 6 16.08.2007 21:19
2nd Pillar and Tax Salgou4 Finance/banking/taxation 2 25.07.2007 12:19
Iraq / Withdrawal / Vietnam spmull06 International affairs/politics 5 18.01.2007 04:53


All times are GMT +2. The time now is 05:12.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0