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  #161  
Old 26.02.2020, 13:06
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Unless the pension comes under disguised remuneration, which is unlikely the withholding tax is all you need to pay
Thank you.
I did some voluntary purchase into 2nd pillar through my company in CH for tax deduction, I assume this part is non mandatory and I can take them out 100%?
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  #162  
Old 26.02.2020, 14:36
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Thank you.
I did some voluntary purchase into 2nd pillar through my company in CH for tax deduction, I assume this part is non mandatory and I can take them out 100%?
I suspect that is the case, however you were buying back years so there may be a formula for this. Your pension statement would answer the question.
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  #163  
Old 09.03.2020, 15:54
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Thanks for all, very helpful info.
A silly question, I will leave CH to move to UK, the pension I cash out (non-mandatory or mandatory) will be taxed in CH.
Will it be taxed again in UK? if so with what rate?





Unless the pension comes under disguised remuneration, which is unlikely the withholding tax is all you need to pay
What fatmanfilms says I got as well from HMRC, they say quote article 18/19 in your tax return and mention the withdrawal in the any other information box and that you rely on the DTA. (disclaimer: do not rely on my info but ask them or an advisor directly to check this is still up to date). I asked this early in 2020 but you need to check it is applicable to you too.


It is a shame the LOB does not allow the overobligatory UK withdrawals yet.

By the way, HMRC took 6 months to reply to LOB requesting info from the UK, so you cannot rush this!
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  #164  
Old 20.04.2020, 12:45
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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It is a shame the LOB does not allow the overobligatory UK withdrawals yet.
Does anyone know if this will change after the Brexit transition period ends currently at the end of 2020? Is there anything in the Agreement on Citizens Rights between UK and Switzerland that would continue blocking the mandatory portion of the occupational pension from being paid out? Or would that continue to be required for only EU/EFTA member nations?
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  #165  
Old 20.04.2020, 12:59
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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Does anyone know if this will change after the Brexit transition period ends currently at the end of 2020? Is there anything in the Agreement on Citizens Rights between UK and Switzerland that would continue blocking the mandatory portion of the occupational pension from being paid out? Or would that continue to be required for only EU/EFTA member nations?
Nobody knows, however if you are not an employee you can usually get all the cash.
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  #166  
Old 31.07.2020, 13:56
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Re: Leaving to live in the EU & cashing in a Swiss Pension

I did not read all 9 pages but very carefully the 1st page and i think 1 point is forgotten.

You can withdraw 100% of your 2nd pillar to repay your mortgage for your residence.

I did not check yet 100% but i worked here 10 years and my idea is to withdraw my 2nd pillar to pay my flat mortgage.

By the way, i am from Portugal.
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  #167  
Old 31.07.2020, 14:03
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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I did not read all 9 pages but very carefully the 1st page and i think 1 point is forgotten.

You can withdraw 100% of your 2nd pillar to repay your mortgage for your residence.

I did not check yet 100% but i worked here 10 years and my idea is to withdraw my 2nd pillar to pay my flat mortgage.

True but that cannot be the only way of financing, you need to finance at least 10% in a different way (for a flat/house in Switzerland).
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  #168  
Old 31.07.2020, 14:12
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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True but that cannot be the only way of financing, you need to finance at least 10% in a different way (for a flat/house in Switzerland).
I was referring leaving Switzerland and purchase a property in destination country.

Imagine i have at the moment a flat in Portugal, lets say 250 000 euros. A mortgage of 100 000 euros at the moment.

If i leave permanently Switzerland i am entitled to withdraw 2nd pilllar to pay my mortgage in Portugal.

The rules i think is: Your 1st residence (can not be holiday house) and you need to live in the country (basically leave Switzerland and move there)
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  #169  
Old 31.07.2020, 14:23
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Re: Leaving to live in the EU & cashing in a Swiss Pension

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True but that cannot be the only way of financing, you need to finance at least 10% in a different way (for a flat/house in Switzerland).
This is a rule which applies to property financed by Swiss banks. Specially this rule is not set by the BVG (pillar 2 law) but by FINMA (The Swiss Financial Market Supervisory Authority)
https://www.bsv.admin.ch/bsv/de/home...oerderung.html

https://www.finma.ch/de/news/2012/06...nien-20120601/
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