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Old 14.06.2019, 12:01
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Re: Liberty vested benefit account?

Hi OutsideTheBox,

Have just come across the thread and I am about to try and do the same thing. Did you manage to use the 2nd pillar for the property deposit via liberty.ch? Any feedback? Thanks in advance.
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  #22  
Old 15.06.2019, 17:10
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Re: Liberty vested benefit account?

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Hi OutsideTheBox,

Have just come across the thread and I am about to try and do the same thing. Did you manage to use the 2nd pillar for the property deposit via liberty.ch? Any feedback? Thanks in advance.
Hi, just going through the regulatory process for withdrawing the funds from Liberty but so far so good. They will only release the funds to my solicitor so there's a number of forms that need to be provided to Liberty i.e. self-declaration of civil status, certified copy of draft sales contract, certified copy of title document.

As far as I can tell, the vested benefits aren't subject to tax in the UK as you have to pay a witholding tax in Switzerland before they will release the funds. Perhaps someone else can confirm that point as I haven't got that far yet?
https://www.gov.uk/hmrc-internal-man...relief/dt18167
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  #23  
Old 11.09.2019, 12:47
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Re: Liberty vested benefit account?

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I have these with Liberty as well but after reading this one from UBS I wonder what's the catch:


https://www.ubs.com/ch/en/private/pe...s-account.html


Looks like it's 0 fees and you can go up to 95% on equities. Am I missing something?
UBS Vitainvest 100 World charges 1.28% management fee plus 1.65% ongoing charges. Therefore UBS eats 2.93% of your portfolio value every year. If the market return 0% you lose 2.93%. If the market goes up 2.93% you get 0%.

To put that in perspective, I back-tested against historical S&P 500 returns and dividends. A 100k investment that would return an expected $283k in 10 years, would instead return $225k with UBS gobbling a hefty $58k in fees.

Meanwhile Vanguard Total World Stock Market ETF [VT] charges only a 0.09% expense ratio.

[1] https://www.ubs.com/ch/en/private/pe...itainvest.html
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