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Old 27.01.2013, 15:31
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Pension in Switzerland, living abroad

Hello EF,

I am not very good with money (I understand very little beyond what's in my wallet) but I feel like at 33 I need to start thinking about my future so I was looking at various pension/investment plans.
A little background: I am a Swiss citizen and I have paid the minimal mandatory AVS contributions ever since I was 18 (around 400CHF/year IIRC). When I was 26 I started working and for 3 years I paid full AVS on my salary. At 29 I have left the country for Belgium, where I work and pay all my pension, and my employer provides me with an extra pension plan.
I have some savings in CHF, my Freizugigskeitskonto at UBS and some savings in EUR.
My parents live in CH so I have access to a CH address.

As far as I understand, I can't pay into the 3a pillar since I don't work in CH, but I could access the 3b part.

My rough plan would be to remain in the EU for a couple more years, then try an adventure in north america (most probably Canada). After that who knows, but I think it's wise to consolidate all of my pension in Switzerland: AFAIK it shouldn't be a problem between CH, EU and Canada, might be trickier in case I'd work somewhere else.

What would you suggest is a smart way of saving up for the future?
Thank you for any help!
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Old 27.01.2013, 19:05
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Re: Pension in Switzerland, living abroad

Most pension funds can payout in CHF francs, so where you have the pension fund doesn't matter. What does matter is to choose the best one!

I suggest you check with K-Tipp or a similar Swiss consumer financial magazine and start paying into the best fund.

http://www.ktipp.ch/suchen/?search_t...&dooptsearch=0

http://www.beobachter.ch/geld-sicher...n-auch-ernten/

But be careful as their are many tricksters about! The experts will happily sell you the worst pension for the best sales commission!
So you really must research this yourself, and make your own decision.
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Old 03.02.2013, 05:07
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Re: Pension in Switzerland, living abroad

Hello EF,
Can someone help me please with more info. I am a Swiss national from Geneva. I am 72 years old and a retired UN adviser living in Singapore at present with my wife. I left Geneva in 1984 and paid all my AVS and taxes from 1965 till 1984. I worked as a UN field expert in Africa and Asia on and off until a few years ago. I was told that my gross salary had 50% deductions (as a form of taxation) and that as a swiss passport holder, these deductions were sent to the Swiss Govt as part and parcel of the Swiss annual contributions to their UN membership. I still have my Swiss nationality and now wish to return and retire in Geneva. I have very little funds in cash. Will I get a monthly pension and how much from the Geneva Govt and help with financial assistance in funding a small appartment as well as medical insurance assistance ? I will be grateful for any advise the forum can give me. Thanks.
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Old 03.02.2013, 07:33
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Re: Pension in Switzerland, living abroad

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Hello EF,
Can someone help me please with more info. I am a Swiss national from Geneva. I am 72 years old and a retired UN adviser living in Singapore at present with my wife. I left Geneva in 1984 and paid all my AVS and taxes from 1965 till 1984. I worked as a UN field expert in Africa and Asia on and off until a few years ago. I was told that my gross salary had 50% deductions (as a form of taxation) and that as a swiss passport holder, these deductions were sent to the Swiss Govt as part and parcel of the Swiss annual contributions to their UN membership. I still have my Swiss nationality and now wish to return and retire in Geneva. I have very little funds in cash. Will I get a monthly pension and how much from the Geneva Govt and help with financial assistance in funding a small appartment as well as medical insurance assistance ? I will be grateful for any advise the forum can give me. Thanks.
You should have been receiving your Swiss pension since you were 65!! Unlike the UK, this does not come automatically, but it needs to be claimed. I don't know if you can back date your payments though. Google the AHV office you paid into and write them...
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Old 03.02.2013, 07:38
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Re: Pension in Switzerland, living abroad

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As far as I understand, I can't pay into the 3a pillar since I don't work in CH, but I could access the 3b part.
Yes BUT: you most definitely should pay a agreed voluntary amount into pillar 1 (the basic pension) while abroad, to ensure you get the maximum at 65 (this will probably be 70 when you get there)...
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Old 03.02.2013, 09:15
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Re: Pension in Switzerland, living abroad

If you had lived and worked here for 40 years you would get about SFr 2'300 retirement pension from the AVS. You are also expected to have income from a company pension and a private pension. (AHV is German name for AVS)

http://www.ahv-iv.info/index.html?lang=fr

When the combined income falls below about SFr 3,000 per month, (As a Swiss citizen or 'C' permit holder after living here 10 years) you may claim supplementary payments (prestations-complementaires) which bring your income to a minimum of about SFr 3,000 per month in Bern, plus subsidies to your health insurance (about 30%).

http://www.ahv-iv.info/el/index.html?lang=fr


My figures above are for a single person in Bern. There is a calculator here, which gives you an idea,
http://www.pro-senectute.ch/fr/calcu...s-de-base.html


Pro Senectute is a national organization for helping Swiss pensioners,
http://www.pro-senectute.ch/fr.html

Geneva is VERY expensive! You might want to consider retiring in Fribourg or Neuchâtel.
.
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Old 03.02.2013, 14:10
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Re: Pension in Switzerland, living abroad

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You should have been receiving your Swiss pension since you were 65!! Unlike the UK, this does not come automatically, but it needs to be claimed. I don't know if you can back date your payments though. Google the AHV office you paid into and write them...
Thank you for your info.
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Old 03.02.2013, 14:11
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Re: Pension in Switzerland, living abroad

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If you had lived and worked here for 40 years you would get about SFr 2'300 retirement pension from the AVS. You are also expected to have income from a company pension and a private pension. (AHV is German name for AVS)

http://www.ahv-iv.info/index.html?lang=fr

When the combined income falls below about SFr 3,000 per month, (As a Swiss citizen or 'C' permit holder after living here 10 years) you may claim supplementary payments (prestations-complementaires) which bring your income to a minimum of about SFr 3,000 per month in Bern, plus subsidies to your health insurance (about 30%).

http://www.ahv-iv.info/el/index.html?lang=fr


My figures above are for a single person in Bern. There is a calculator here, which gives you an idea,
http://www.pro-senectute.ch/fr/calcu...s-de-base.html


Pro Senectute is a national organization for helping Swiss pensioners,
http://www.pro-senectute.ch/fr.html

Geneva is VERY expensive! You might want to consider retiring in Fribourg or Neuchâtel.
.
Thanks a million for your leads.
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Old 03.02.2013, 14:12
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Re: Pension in Switzerland, living abroad

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If you had lived and worked here for 40 years you would get about SFr 2'300 retirement pension from the AVS. You are also expected to have income from a company pension and a private pension. (AHV is German name for AVS)

http://www.ahv-iv.info/index.html?lang=fr

When the combined income falls below about SFr 3,000 per month, (As a Swiss citizen or 'C' permit holder after living here 10 years) you may claim supplementary payments (prestations-complementaires) which bring your income to a minimum of about SFr 3,000 per month in Bern, plus subsidies to your health insurance (about 30%).

http://www.ahv-iv.info/el/index.html?lang=fr


My figures above are for a single person in Bern. There is a calculator here, which gives you an idea,
http://www.pro-senectute.ch/fr/calcu...s-de-base.html


Pro Senectute is a national organization for helping Swiss pensioners,
http://www.pro-senectute.ch/fr.html

Geneva is VERY expensive! You might want to consider retiring in Fribourg or Neuchâtel.
.
Thanks for your leads.
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Old 03.02.2013, 15:05
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Re: Pension in Switzerland, living abroad

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Hello EF,
Can someone help me please with more info. I am a Swiss national from Geneva. I am 72 years old and a retired UN adviser living in Singapore at present with my wife. I left Geneva in 1984 and paid all my AVS and taxes from 1965 till 1984. I worked as a UN field expert in Africa and Asia on and off until a few years ago. I was told that my gross salary had 50% deductions (as a form of taxation) and that as a swiss passport holder, these deductions were sent to the Swiss Govt as part and parcel of the Swiss annual contributions to their UN membership. I still have my Swiss nationality and now wish to return and retire in Geneva. I have very little funds in cash. Will I get a monthly pension and how much from the Geneva Govt and help with financial assistance in funding a small appartment as well as medical insurance assistance ? I will be grateful for any advise the forum can give me. Thanks.
You will have to apply for your pension.And you will be back paid . I did
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Old 04.02.2013, 10:11
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Re: Pension in Switzerland, living abroad

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You will have to apply for your pension.And you will be back paid . I did
Great news!!!!!
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Old 09.02.2013, 16:07
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Re: Pension in Switzerland, living abroad

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Yes BUT: you most definitely should pay a agreed voluntary amount into pillar 1 (the basic pension) while abroad, to ensure you get the maximum at 65 (this will probably be 70 when you get there)...
Sorry for the superlate reply. As far as I understand since I'm paying in another EU country, the 1st pillar is covered. I shouldn't have gaps in contribution.

I guess the best thing is to talk to my local insurance when I'm back in CH.
Thanks for your help!
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Old 10.02.2013, 13:05
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Re: Pension in Switzerland, living abroad

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Sorry for the superlate reply. As far as I understand since I'm paying in another EU country, the 1st pillar is covered. I shouldn't have gaps in contribution.
I guess I'm wrong. You can't simply consolidate all your years in different countries as a continuous contribution. When it's retirement time (hehe probably 70 as said above) one gets partial pensions from all the different countries one has contributions in, as long as there is at least one full year.
I suppose it can work out in your favor considering how low the basic pension is if you complete 44 years in CH alone, but it's a hassle.
So I guess the lesson is: start saving privately.
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