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-   -   2nd pillar pension to puchase property in the UK (https://www.englishforum.ch/finance-banking-taxation/19779-2nd-pillar-pension-puchase-property-uk.html)

Swissscot 29.02.2008 17:18

2nd pillar pension to puchase property in the UK
 
Hi,
I have used part of my 2nd pillar pension 4 years ago to purchase my current home in Switzerland. I'll now be moving back to the UK in the summer and I do plan to sell my Swiss property.
I understand that the pension withdrawal can still be used to purchase property within the EU (as your primary residence). Therefore, this amount will come in very useful for the purchase of a UK property.

Has anyone had any experience with this process in moving back to the UK? or using it within the EU?

Lizard_day 29.02.2008 17:21

Re: 2nd pillar pension to puchase property in the UK
 
Hi,
If you are leaving swiss for good then yes you can take this money with you. All you need to do is get a form stamped at the control d'habitants to say you are leaving the country then send this to your pension company who will then release your funds.
Good luck

Shorrick Mk2 29.02.2008 17:29

Re: 2nd pillar pension to puchase property in the UK
 
However if you move to the EU not all the amount will be released in cash, but only the superobligatory part.

Pax 18.05.2008 17:48

Re: 2nd pillar pension to puchase property in the UK
 
Hi All, Newbie here so big hello!

Re pillar pension pay-outs. My interest too. I think you may be able to draw cash if you are self-employed. This process is probably easier o set up than in Geneva so perhaps one way to draw cash is to establish own company in UK, then later becoming employed. You even then get the LPP amount paid I guess.

Anyone know any good advisory company on anglo swiss tax / 2eme pillar issues ?

CH_Me 19.05.2008 18:41

Re: 2nd pillar pension to puchase property in the UK
 
Quote:

Originally Posted by Swissscot (Post 181595)
Hi,
I have used part of my 2nd pillar pension 4 years ago to purchase my current home in Switzerland. I'll now be moving back to the UK in the summer and I do plan to sell my Swiss property.
I understand that the pension withdrawal can still be used to purchase property within the EU (as your primary residence). Therefore, this amount will come in very useful for the purchase of a UK property.

Has anyone had any experience with this process in moving back to the UK? or using it within the EU?

You will first need to pay the money back in full into your pension upon sale of the property. Then you withdraw what ever then allow you to from your pension when you leave Switzerland.


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