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Old 09.07.2008, 17:54
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Buying property in EU with Swiss pension?

As Switzerland has a rule that you can buy property with your pillar 2, has anyone tried buying a house in the EU? I know we discussed on several threads that this might be possible. I am looking for people who have tried it when they were leaving CH, and got a response from the authorities that it was allowed.

Of course I am talking about the part of your pillar 2 that you cannot normally take with you when you leave Switzerland. I am also referring to the new house becoming the main place of residence, not a holiday home or second home.
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Old 11.07.2008, 15:06
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Re: Buying property in EU with Swiss pension?

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As Switzerland has a rule that you can buy property with your pillar 2, has anyone tried buying a house in the EU? I know we discussed on several threads that this might be possible. I am looking for people who have tried it when they were leaving CH, and got a response from the authorities that it was allowed.

Of course I am talking about the part of your pillar 2 that you cannot normally take with you when you leave Switzerland. I am also referring to the new house becoming the main place of residence, not a holiday home or second home.
I think I actually raised this point. It is entirely possible but note you must take the over obligatory pension before you can take the obligatory to pay for your house. In reality it is probably better to simply take the lot and use the lot to buy the property. Note also they only pay the money out to a bank so as far as I am aware they will not pay out to a Building Society in the UK unless it is also a bank...

Oh and the property cannot be for investment. If you are still living here you can also do this as long as the property is within a reasonable distance to your place of work...
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Old 12.07.2008, 12:07
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Re: Buying property in EU with Swiss pension?

Thanks Richard, yes it was probably you, and I think the issue has come up in several threads over the past year or so. I was just hoping that someone here must have actually gone through the hoops by now .

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If you are still living here you can also do this as long as the property is within a reasonable distance to your place of work...
That is amazing; I guess it could be perfect then for people living just acros the border who only work in Switzerland. Nice!
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Old 28.08.2008, 20:20
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Re: Buying property in EU with Swiss pension?

Hi,

I'm glad I found this post because I'm not sure if the rule applies generally to all the EU countries. I was told today that the UK may not accept the 2nd pillar funds as a deposit on a property.

What I'd like to know is would I be allowed to keep the funds in a blocked account here in Switzerland and then at a later date after leaving Switzerland i.e 6mths -1 year later ask for the money to be used as a deposit on a property in the UK? I was told there's an element I can take as cash (transferred to UK bank account) and then the other element has to either stay here in Switzerland in a blocked account (the portion I want to use at a later date for a deposit) or transferred to a pension account in the UK.

Appreciate your feedback....thanks

Latasha
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Old 06.08.2009, 22:11
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Re: Buying property in EU with Swiss pension?

Hello everybody
I am new to this forum and hope to get to learn something concerning taxes of pension money.
I am a Swiss citizen and live in London UK. I am planning on buying a flat in London and will make the downpayment with my pension fund (2. pillar) from Switzerland. My question is: Does any body know whether, and if yes, how much taxes I have to pay on this pension fund transfered to the UK?
Thanks for your help.
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Old 07.08.2009, 21:17
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Re: Buying property in EU with Swiss pension?

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Hello everybody
I am new to this forum and hope to get to learn something concerning taxes of pension money.
I am a Swiss citizen and live in London UK. I am planning on buying a flat in London and will make the downpayment with my pension fund (2. pillar) from Switzerland. My question is: Does any body know whether, and if yes, how much taxes I have to pay on this pension fund transfered to the UK?
Thanks for your help.
Tax depends on the amount and where the fund is registered. Each canton has its own tariff. Ask your pension fund for a precise answer
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Old 21.08.2012, 09:02
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Re: Buying property in EU with Swiss pension?

Hope it's ok to bump this thread. I've just moved to Sweden from Switzerland and would like to use my 2nd pillar funds towards a deposit on buying a home. I read that this is possible in some brochure I picked up while deregistering, but there were no details.

Obviously I need to write to my pension fund for more details but I was wondering if anyone has done this recently and could share their experience. I'm especially wondering whether it took a long time for the funds to be available and whether you had to find your prospective property first before applying for the funds.

Thanks!
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Old 21.08.2012, 09:05
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Re: Buying property in EU with Swiss pension?

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Tax depends on the amount and where the fund is registered. Each canton has its own tariff. Ask your pension fund for a precise answer
Your talking about Swiss taxes, if the person moves & is living in the UK, the question is how will the UK tax the pension payout.
I suspect the entire amount will be added to your income & taxed normally.
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Old 21.08.2012, 09:59
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Re: Buying property in EU with Swiss pension?

Under 50 years of age you can take out a minimum of Fr 20'000
Over 50 years of age you can only take out half of your fund,

http://www.admin.ch/ch/d/sr/831_411/

http://www.admin.ch/ch/d/sr/831_40/index.html
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Old 20.12.2018, 00:31
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Re: Buying property in EU with Swiss pension?

Can one also use pillar 2 to buy a house in UK to live in if moved there, whilst already having a flat in UK that is rented out?
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Old 20.12.2018, 09:28
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Re: Buying property in EU with Swiss pension?

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Can one also use pillar 2 to buy a house in UK to live in if moved there, whilst already having a flat in UK that is rented out?
In theory yes.
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Old 20.12.2018, 14:40
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Re: Buying property in EU with Swiss pension?

Thatís good to know, but it will be better to know if someone has actually done it. Furthermore, itís highly unlikely that the Pension provider will do a blanket search of what I own.
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Old 20.12.2018, 15:16
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Re: Buying property in EU with Swiss pension?

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In theory yes.
I'm surprised to see you're right because it's outside of Swiss jurisdiction, thus there's only limited means to control whether the property gets sold and the payback into the fund that triggers.
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Old 20.12.2018, 17:49
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Re: Buying property in EU with Swiss pension?

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That’s good to know, but it will be better to know if someone has actually done it. Furthermore, it’s highly unlikely that the Pension provider will do a blanket search of what I own.
The pension provider is not required to do any searches, you declare it's your main residence & thats OK. It has been done in the past by forum members leaving CH.
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I'm surprised to see you're right because it's outside of Swiss jurisdiction, thus there's only limited means to control whether the property gets sold and the payback into the fund that triggers.
Indeed, but the rules are very clear as long as your main home is situated in the EU. If the person has left CH, I suspect the pension fund is actually pleased to see the back of them.
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