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Old 16.09.2014, 13:44
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Withdrawing Swiss Pension after Leaving Switzerland

Hello All,

I left Switzerland to live in a non EU country at the end of 2011, at the time I transferred my pension funds into a pension account in UBS Bank.

I would now like to withdraw this money, is it possible to with draw it at a less tax rate by depositing this money into a bank of another Canton? and Which Canton would be better?
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  #2  
Old 09.10.2017, 00:59
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Re: Withdrawing Swiss Pension after Leaving Switzerland

I would be glad to learn any insights into this too. Did you manage to withdraw this?
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Old 24.03.2018, 18:02
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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I would be glad to learn any insights into this too. Did you manage to withdraw this?
Hi
i am in the process of leaving Switzerland at the moment and i am able to take all my non mandatory pensions with me. First i am transfering them to Zug where you have the lowest withdrawal tax of aprox 4%. In Zurich it is 10%. If you leave the to a non-EU country you can take it all including the AHV. PM me and i can give you some more details - i dont want to break the forum rules.
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Old 24.03.2018, 18:08
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Re: Withdrawing Swiss Pension after Leaving Switzerland

You will not be breaking the forum rules if you were to set out, for example, the laws and regulations that govern this, or the relevant vocabulary, or the steps you had to take to get all the paperwork in order, etc.

Please do. It might well help others. Thanks.
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Old 24.03.2018, 22:56
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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You will not be breaking the forum rules if you were to set out, for example, the laws and regulations that govern this, or the relevant vocabulary, or the steps you had to take to get all the paperwork in order, etc.

Please do. It might well help others. Thanks.
To be honest i have no idea what the rules and regulations are. I was put in contact with a company in Zug and they have taken care of all the paperwork and regulations for me. I paid 1% of my pension assets and they saved me 5-6% in withdrawal tax. It has worked ok for 3 of my friends and seems to be working ok for me so far. From what i can see the Zurich authorities are try to take advantage of foreigners and somehow the information is hidden on how to do it - even though it is completely legal. I was lucky and was introduced to a company in Zug which does it all for you. Tell me if it is allowed and i will post the name of the person i am dealing with. A lot of foreigners leaving Switzerland get badly screwed because everyone tells you it is not possible .........but it is. My wife was told she couldnt do it but we have just completed the transfer of her pension to Zug ....next step it to tranfer it to Ireland.
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Old 25.03.2018, 00:11
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Re: Withdrawing Swiss Pension after Leaving Switzerland

@LiamBarry

if it is legal, why dont you share it? I think its not a problem to share that kind of information. You should share 'your knowledge' and if the admins here, think that its illegal, then they can delete the post.
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Old 25.03.2018, 08:13
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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To be honest i have no idea what the rules and regulations are. I was put in contact with a company in Zug and they have taken care of all the paperwork and regulations for me. I paid 1% of my pension assets and they saved me 5-6% in withdrawal tax. It has worked ok for 3 of my friends and seems to be working ok for me so far. From what i can see the Zurich authorities are try to take advantage of foreigners and somehow the information is hidden on how to do it - even though it is completely legal. I was lucky and was introduced to a company in Zug which does it all for you. Tell me if it is allowed and i will post the name of the person i am dealing with. A lot of foreigners leaving Switzerland get badly screwed because everyone tells you it is not possible .........but it is. My wife was told she couldnt do it but we have just completed the transfer of her pension to Zug ....next step it to tranfer it to Ireland.
It's simple tax arbitrage. I used Liberty in canton Schwyz.

No-one gets screwed unless they read up properly or ask questions or get advice. It's not a devious plot by the Zurich authorities, just simple idiocy.

Who told your wife she couldn't do it? It's a vague accusation that means nothing right now
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Old 25.03.2018, 08:54
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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To be honest i have no idea what the rules and regulations are. I was put in contact with a company in Zug and they have taken care of all the paperwork and regulations for me. I paid 1% of my pension assets and they saved me 5-6% in withdrawal tax. It has worked ok for 3 of my friends and seems to be working ok for me so far. From what i can see the Zurich authorities are try to take advantage of foreigners and somehow the information is hidden on how to do it - even though it is completely legal. I was lucky and was introduced to a company in Zug which does it all for you. Tell me if it is allowed and i will post the name of the person i am dealing with. A lot of foreigners leaving Switzerland get badly screwed because everyone tells you it is not possible .........but it is. My wife was told she couldnt do it but we have just completed the transfer of her pension to Zug ....next step it to tranfer it to Ireland.
Very usefull info's thanks for sharing. We'll keep it in mind for the future.
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Old 25.03.2018, 15:13
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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To be honest i have no idea what the rules and regulations are. I was put in contact with a company in Zug and they have taken care of all the paperwork and regulations for me. I paid 1% of my pension assets and they saved me 5-6% in withdrawal tax. It has worked ok for 3 of my friends and seems to be working ok for me so far. From what i can see the Zurich authorities are try to take advantage of foreigners and somehow the information is hidden on how to do it - even though it is completely legal. I was lucky and was introduced to a company in Zug which does it all for you. Tell me if it is allowed and i will post the name of the person i am dealing with. A lot of foreigners leaving Switzerland get badly screwed because everyone tells you it is not possible .........but it is. My wife was told she couldnt do it but we have just completed the transfer of her pension to Zug ....next step it to tranfer it to Ireland.

Hi Liam,

Just a quick correction: My company is based in Zurich, and I am cooperating with a Pension Fund in Schwyz.
Point is that your HR-Guys will not inform you about the tax savings potential of 50% when you leave Switzerland.
Of course it is absolutely legal. contact me for further info.
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Old 22.10.2017, 15:14
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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Hello All,

I left Switzerland to live in a non EU country at the end of 2011, at the time I transferred my pension funds into a pension account in UBS Bank.

I would now like to withdraw this money, is it possible to with draw it at a less tax rate by depositing this money into a bank of another Canton? and Which Canton would be better?


One can withdraw BVG money three years from latest submission if meeting one of the following:
1. Leave CH for NON EU country
2. Open his own business (self employee - not BVG)
3. Buy a property in CH.

Of course you can take the money otherwise, but you will have serious penalties. better keep the money until retirement age
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Old 24.03.2018, 18:22
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Re: Withdrawing Swiss Pension after Leaving Switzerland

Here, in German, is some of the background:
https://www.123-pensionierung.ch/de/...uswandern-bvg/

https://www.123-pensionierung.ch/de/...ug-auswandern/

and this article, also in German, includes references to the relevant laws about the obligatory pension (BVG) and parts which are non-mandatory ("überobligatorish" or "BVG-übersteigend"):
https://www.helvetia.com/content/dam...-infoblatt.pdf

In addition to Heinz' list quoted above, an insured event must not yet have taken place, i.e. neither a disability leading to a pension, nor must the old-age pension have commenced running. As soon as either of these events has occurred, no pension moneys can be withdrawn from the funds. But the pensions continue to be paid out, irrespective of country of residence (outside of Switzerland) of the recipient, but not before Swiss ("Quellensteuer") has been deducted.
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Old 25.03.2018, 15:07
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Re: Withdrawing Swiss Pension after Leaving Switzerland

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Hello All,

I left Switzerland to live in a non EU country at the end of 2011, at the time I transferred my pension funds into a pension account in UBS Bank.

I would now like to withdraw this money, is it possible to with draw it at a less tax rate by depositing this money into a bank of another Canton? and Which Canton would be better?
Helo Mirkazim,

When you are living outside the EU, you can withdraw the total of your pension fund assets (vested pension benefits). You will be charged with a withholding tax as per the canton of Zurich.
I recommend to have your assets transfered to the canton with the lowest taxes in Switzerland, you will roughly save 50% in taxes.
Contact me for further details, o.k.? Kind regards Marcel
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