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Old 03.10.2016, 13:28
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Non-EU leaving CH; Pension Pilar II withdrawing

Hi All

I am non-EU leaving to my home country and would like to cash out my pillar II pension money. Our Finance Director told me that there has been a new law imposing to leave the 'obligatory amount' within the pension fund despite of leaving CH?

Has anyone heard of this, has had experience with it?

Thank you.
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Old 03.10.2016, 15:55
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

That's probably about this news:
https://www.admin.ch/gov/de/start/do...-id-63769.html

It's not a law yet.

Obligatory (BVG) portion isn't exactly a whole lot of money. For example it's capped to 7% of salary, max 86400 Fr = 6048 Fr per year at ages 25-34. For older persons the percentage increases.
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Old 03.10.2016, 15:58
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

Thanks a lot.

Any experience with this so far?

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That's probably about this news:
https://www.admin.ch/gov/de/start/do...-id-63769.html

It's not a law yet.

Obligatory (BVG) portion isn't exactly a whole lot of money. For example it's capped to 7% of 86400 Fr = 6048 Fr per year at ages 25-34. For older persons the percentage increases.
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Old 03.10.2016, 16:00
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

It's not a law so no one would have the experience with it.

Current situation is that if you leave for a country without a pension agreement with Switzerland (most non EU), you can take it all out cash. And even some part of AHV (pillar 1) too

I don't have experience for this though. I think a big concern will be your home country's tax treatment of these withdrawals.
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Old 03.10.2016, 16:04
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

Thanks. The Finance Director at my firm said that some colleagues could not withdraw the entire amount of money...

I am leaving to Israel (not sure whether there are any pension agreements), any experience on this?

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It's not a law so no one would have the experience with it.

Current situation is that if you leave for a country without a pension agreement with Switzerland (most non EU), you can take it all out cash. And even some part of AHV (pillar 1) too.
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Old 03.10.2016, 16:20
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

I'm not from Israel either, can't tell you any experiences. But there seems to exist some bilateral contract between Switzerland and Israel on AHV/IV (per this list of agreements), so my guess would be you'd be restricted in what you can do about your pillar 1 money then. No problem with withdrawing pillar 2 as far as I can tell.
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Old 24.03.2018, 19:12
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

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Thanks. The Finance Director at my firm said that some colleagues could not withdraw the entire amount of money...

I am leaving to Israel (not sure whether there are any pension agreements), any experience on this?
There is a lot of confusion on what you can take and what you cant. I leave Switzerland in 2 weeks and if i was leaving to a non EU country i would be able to take everything with me. A lot seems to be the person who is advising you. By transfering all my pensions to Zug before leaving i pay the Zug withdrawal tax on my pensions and not the Zurich Kanton tax which is double the amount. Zug has a tax of 4% on pensions withdrawals and Zurich has 10%. I pay 1% to a financial consultant in Zug - chervolet consulting. If i buy a house in Ireland where i am moving to i can then apply to take the whole pension with me but the mandatory piece must be offset against a mortgate - this piece is quite complex but you can get it out. If you want all of the details PM me as i dont want to break forum rules.
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Old 24.03.2018, 21:39
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

Thanks, I have left CH and de-registered a while ago. I got an advise stating that I will start getting my Pillar I pension money form CH despite of living in Israel when I am at the appropriate age (67 or so). Could I withdraw this money now instead?

On Pillar II - I did exactly the same thing as you are planning to do; just because I bought a lot of benefits to reduce taxes, I need to wait 3 years before withdrawing the pension money


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There is a lot of confusion on what you can take and what you cant. I leave Switzerland in 2 weeks and if i was leaving to a non EU country i would be able to take everything with me. A lot seems to be the person who is advising you. By transfering all my pensions to Zug before leaving i pay the Zug withdrawal tax on my pensions and not the Zurich Kanton tax which is double the amount. Zug has a tax of 4% on pensions withdrawals and Zurich has 10%. I pay 1% to a financial consultant in Zug - chervolet consulting. If i buy a house in Ireland where i am moving to i can then apply to take the whole pension with me but the mandatory piece must be offset against a mortgate - this piece is quite complex but you can get it out. If you want all of the details PM me as i dont want to break forum rules.
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Old 24.03.2018, 22:06
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Re: Non-EU leaving CH; Pension Pilar II withdrawing

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Thanks, I have left CH and de-registered a while ago. I got an advise stating that I will start getting my Pillar I pension money form CH despite of living in Israel when I am at the appropriate age (67 or so). Could I withdraw this money now instead?

On Pillar II - I did exactly the same thing as you are planning to do; just because I bought a lot of benefits to reduce taxes, I need to wait 3 years before withdrawing the pension money
I got all of the same advice as you but then some friends were leaving and going out of the EU and they put me in contact with chervolet consulting in Zug - google for them. Their advice completely contradicted everything i was told. Even though i am going back to Ireland which is an EU country i will take almost everything with me. I will take the mandatory part when i buy a house in Ireland. You can definitely take everything when you move to Israel including the AHV. PM me if you cant find the details online. You dont have to wait until you are 67.
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Old 27.03.2018, 17:49
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Hi All

I am non-EU leaving to my home country and would like to cash out my pillar II pension money. Our Finance Director told me that there has been a new law imposing to leave the 'obligatory amount' within the pension fund despite of leaving CH?

Has anyone heard of this, has had experience with it?

Thank you.
Hi,

No, there are no changes, you can withdraw the total of your pension fund assets.
However I recommend to transfer them to the place where the lowest taxes will be charged. You can save approx 50% of the taxes...
KR Marcel Chevrolet

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Thanks. The Finance Director at my firm said that some colleagues could not withdraw the entire amount of money...

I am leaving to Israel (not sure whether there are any pension agreements), any experience on this?

When you are leaving to a country outside the EU, you can withdraw the total of your assets.

Marcel Chevrolet

Last edited by 3Wishes; 06.04.2019 at 19:51. Reason: merging consecutive replies
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