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  #61  
Old 27.10.2016, 22:38
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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My question about the notary was to find out if other people had to do this. Going to a notary is hassle and costly and I wanted to know if it was just Swiss Life's way of putting me off trying to get the pension back.

In my pension only the employee contributions have gone to Swiss Life (less the 100chf a month). The AHV contributions are separate and apparently I'll get a small swiss pension when I turn 65 from their government. Seems like you're saying the charges aren't high but the risk fees are? Again i wanted to know if other people had their pension credited with the full amount they'd had taken off their salary or if some had been taken away like with me.
I went to Swiss life with my passport & was able to transfer out to another provider the following day. Swiss life have to be sure the money goes to the right person. A solicitor in the UK will certify documents for 5, same price for an affidavit.

Everybody who ever had a Swiss company pension will have paid for insurance & not just saving.
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  #62  
Old 27.10.2016, 22:56
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Re: Leaving to live in the EU & cashing in a Swiss Pension

http://www.postoffice.co.uk/document...cation-service

This could be useful for you ajking
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  #63  
Old 28.10.2016, 15:04
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I don't see Ireland on the list of countries from the website - i'm curious if anyone has successful done that in this case?

TIA
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  #64  
Old 28.10.2016, 18:53
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Re: Leaving to live in the EU & cashing in a Swiss Pension

Having recently been forced into early retirement (I'm 61) I have decided to take the pension. Two reasons: 1) The company pension fund gives nearly 6% return and I've no idea how to even get close to that. 2) I'm a french resident and do not plan to move. The French take a huge tax gouge on cashed-out Swiss pensions crossing the border, which is disgusting as that money has already been taxed once.

Being the opposite of a financial wizard (hobbit?), I'd be interested to know if I've missed some money making wrinkle.
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  #65  
Old 28.10.2016, 19:40
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Having recently been forced into early retirement (I'm 61) I have decided to take the pension. Two reasons: 1) The company pension fund gives nearly 6% return and I've no idea how to even get close to that. 2) I'm a french resident and do not plan to move. The French take a huge tax gouge on cashed-out Swiss pensions crossing the border, which is disgusting as that money has already been taxed once.

Being the opposite of a financial wizard (hobbit?), I'd be interested to know if I've missed some money making wrinkle.
French tax is nasty if you have a large income, if you have a moderate income & 4 kids you pay very little.

Perhaps you should move away from France for 1 year to cash in your Swiss pension. in Malta you would not be taxed any extra unless you brought the money to Malta. Bring enough to live on for a year (or enough for 190 days) & your tax problem will vanish.
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  #66  
Old 28.10.2016, 20:20
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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French tax is nasty if you have a large income, if you have a moderate income & 4 kids you pay very little.

Perhaps you should move away from France for 1 year to cash in your Swiss pension. in Malta you would not be taxed any extra unless you brought the money to Malta. Bring enough to live on for a year (or enough for 190 days) & your tax problem will vanish.
True. With four kids, tax is wonderful, but even for a married couple with only one worker, the French are very kind = tax bill divided by two.

The Maltese wrinkle is interesting, but I'd still be left with my financial incompetence, compared to the 6% return of the pension fund. Also, I didn't enjoy Malta when I visited, anyway :-).
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  #67  
Old 28.10.2016, 20:22
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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True. With four kids, tax is wonderful, but even for a married couple with only one worker, the French are very kind = tax bill divided by two.

The Maltese wrinkle is interesting, but I'd still be left with my financial incompetence, compared to the 6% return of the pension fund. Also, I didn't enjoy Malta when I visited, anyway :-).
'Moving' to CH for 6 months & a day would probably pay off, you would need to check the canton tax software first .
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  #68  
Old 29.10.2016, 15:02
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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French tax is nasty if you have a large income, if you have a moderate income & 4 kids you pay very little.

Perhaps you should move away from France for 1 year to cash in your Swiss pension. in Malta you would not be taxed any extra unless you brought the money to Malta. Bring enough to live on for a year (or enough for 190 days) & your tax problem will vanish.
Good advise in my view. Any ballpark figure in mind?
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  #69  
Old 29.10.2016, 15:19
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Good advise in my view. Any ballpark figure in mind?
People with jobs earn 1k Euro a month net, 2k a month makes you quite well off x 6 months = 12k Euro ballpark.
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Old 14.06.2017, 21:07
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Re: Leaving to live in the EU & cashing in a Swiss Pension

Does anyone know if it is possible to access your 2nd pillar if moving to Ireland? There is apparently a form that would be sent to the authorities to determine if i'm eligible (but this only happens if i have confirmed that i am moving). Would love to know how to find out if its possible before i start the move process.

TIA
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  #71  
Old 14.06.2017, 21:19
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Does anyone know if it is possible to access your 2nd pillar if moving to Ireland? There is apparently a form that would be sent to the authorities to determine if i'm eligible (but this only happens if i have confirmed that i am moving). Would love to know how to find out if its possible before i start the move process.

TIA
If you look at FMF's link in the first post?

http://www.sfbvg.ch/xml_3/internet/E...on/d51/f62.cfm

That's the place to start. If Ireland has compulsory insurance though, I doubt you'd be able to do it. Still, never hurts to ask.
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  #72  
Old 14.06.2017, 21:25
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I actually did view that link and ended up e-mailing the e-mail address on that website to ask what the status of Ireland is. They just said the general EU form would be sent and that "The cash payment of the mandatory part of your pension fund is possible, if after leaving Switzerland you do not have social insurance in Ireland."

It would be great to know if anyone from has tried/looking into this..
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  #73  
Old 20.10.2017, 15:24
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I am not a European citizen, created a "vested interest" account at UBS for my pension money, and was informed that I just need to submit my deregistration document informing where I will move. If I move to the EU, the non-compulsory part can be transferred to any account that I give them, while the compulsory part will remain in Switzerland until:
1. 5 years before retiring age if I remain in the EU
2. I leave the EU to relocate abroad.

The same applied to previous friends of mine who also worked at ETH Zurich.
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  #74  
Old 16.04.2018, 12:46
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I am going to be leaving Switzerland, to UK in the next month. Its confusing because of Brexit etc. I am a non EU citizen. Is there any way for me to get my pension paid into my account?

Thanks in advance for any help!
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  #75  
Old 16.04.2018, 14:58
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Re: Leaving to live in the EU & cashing in a Swiss Pension

As of today the UK is still a member of the EU.

For details see the leaflets at: https://www.sem.admin.ch/sem/de/home...cherungen.html
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  #76  
Old 16.04.2018, 15:37
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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I am going to be leaving Switzerland, to UK in the next month. Its confusing because of Brexit etc. I am a non EU citizen. Is there any way for me to get my pension paid into my account?

Thanks in advance for any help!
That will depend on your employment status in the UK & if it's a requirement to be insured. If your unemployed or not looking to work then it should still work. The new workplace pension is the issue.
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  #77  
Old 11.10.2018, 16:11
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Re: Leaving to live in the EU & cashing in a Swiss Pension

Hope it's okay to post to an old thread..

As someone who just few months ago started working in Switzerland and is planning to move back to EU (Lithuania or Estonia) in 2-3 years, I was wondering if I would be eligible to withdraw some of the pension?

Right now I see that every month I'm paying to the "AVS/AI/APG" and "LPP" funds. Plus rest of the mandatory ones (AC/LAA/LAmat/APG-M).

Would I be able to withdraw the AVS/AI/APG + LPP set upon permanently leaving?

If not due to the 'compulsory insurance' part (which I'm not sure if its a thing in the baltic countries in Europe) - then what would happen to these funds?
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  #78  
Old 11.10.2018, 16:25
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Re: Leaving to live in the EU & cashing in a Swiss Pension

Cashing in pillar 2 / BVG,PK (German) / LPP (French) depends on your country of residence only, cashing in Pillar 1 depends on your nationality and country of residence. As an EU/EFTA citizen Pillar1/AHV (German)/AVS (French) cannot be cashed in.


Please have a look into the following informational leaflets and websites:

Different social insurances.
https://www.ahv-iv.ch/en/Social-insurances

Swiss social insurance system: Period of stay in Switzerland and departure
https://www.sem.admin.ch/dam/data/se...zialvers-e.pdf
Other languages: https://www.bsv.admin.ch/bsv/en/home...nd-depart.html

Information for Citizens of States with which Switzerland has not concluded a social security agreement (non-contracting states)
https://www.ahv-iv.ch/p/10.03.e

Leaving Switzerland and moving to an EU or EFTA member state
https://www.ahv-iv.ch/p/880.e

The voluntary old-age, survivors’ and disability insurance scheme
https://www.ahv-iv.ch/p/10.02.e

International social security agreements with Switzerland
https://www.bsv.admin.ch/dam/bsv/en/...80101%20EN.pdf
also
https://www.bsv.admin.ch/bsv/en/home...greements.html

Calculation of pillar 1 refund: Present value tables - Compensation for pensions owed, premium refunds taking into account the equity clause
https://www.bsvlive.admin.ch/vollzug...eu/category:23
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  #79  
Old 19.10.2018, 18:02
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I need to open a vested benefits account as I am unemployed. If I don't find a job within 6 months I will leave Switzerland and go to (probably) Spain as I have lived and worked there in the past and own an apartment there. Is there any particular vested benefits account anyone would recommend? Also, if I do move to Spain would I be able to bring all the second pillar with me? (I plan on using it to buy a new property to live in)
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Old 19.10.2018, 19:21
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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I need to open a vested benefits account as I am unemployed. If I don't find a job within 6 months I will leave Switzerland and go to (probably) Spain as I have lived and worked there in the past and own an apartment there. Is there any particular vested benefits account anyone would recommend? Also, if I do move to Spain would I be able to bring all the second pillar with me? (I plan on using it to buy a new property to live in)
You can definitely use the money to buy a main residence.

Depending on your employment status & requirement for insurance you could possibly take as cash.
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