Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 06.12.2018, 23:28
Junior Member
 
Join Date: Oct 2016
Location: Qualicum Beach
Posts: 40
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
LorraineBCH has no particular reputation at present
Tax on savings

If I return to CH and have all my retirement savings in a bank account (no pillars), how do I figure out what I will be taxed? Let's say, for argument, that it's 500K CHF - with nothing else. Thoughts?
Reply With Quote
  #2  
Old 06.12.2018, 23:52
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 24,834
Groaned at 1,444 Times in 1,114 Posts
Thanked 28,629 Times in 13,687 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Tax on savings

CHF 200/year.

Tom
Reply With Quote
The following 2 users would like to thank st2lemans for this useful post:
  #3  
Old 07.12.2018, 01:19
Senior Member
 
Join Date: Jan 2016
Location: Lugano
Posts: 371
Groaned at 9 Times in 7 Posts
Thanked 383 Times in 187 Posts
LuganoPirate has an excellent reputationLuganoPirate has an excellent reputationLuganoPirate has an excellent reputationLuganoPirate has an excellent reputation
Re: Tax on savings

Quote:
View Post
CHF 200/year.

Tom
Though if you have to pay negative interest that would be currently another chf 375 - chf 500 on top.
Reply With Quote
This user would like to thank LuganoPirate for this useful post:
  #4  
Old 07.12.2018, 10:31
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 6,371
Groaned at 215 Times in 185 Posts
Thanked 8,008 Times in 4,174 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: Tax on savings

It depends on Canton and commune. In Zürich city for instance 500k taxable wealth cost 551 CHF in taxes.
Reply With Quote
This user would like to thank Urs Max for this useful post:
  #5  
Old 07.12.2018, 10:43
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 570
Groaned at 1 Time in 1 Post
Thanked 225 Times in 153 Posts
Enohzee is considered knowledgeableEnohzee is considered knowledgeableEnohzee is considered knowledgeable
Re: Tax on savings

Wealth tax on worldwide wealth, obviously you'll deduct any debt you have.

Depends on canton and commune.
Reply With Quote
The following 2 users would like to thank Enohzee for this useful post:
  #6  
Old 07.12.2018, 16:29
Newbie
 
Join Date: Nov 2018
Location: Zurich
Posts: 6
Groaned at 4 Times in 3 Posts
Thanked 1 Time in 1 Post
dayowl has earned some respectdayowl has earned some respect
Re: Tax on savings

There is this calculator that includes taxable assets.
Reply With Quote
This user would like to thank dayowl for this useful post:
  #7  
Old 08.12.2018, 01:33
Murloc's Avatar
Member
 
Join Date: Aug 2010
Location: Bern
Posts: 248
Groaned at 2 Times in 2 Posts
Thanked 233 Times in 124 Posts
Murloc is considered knowledgeableMurloc is considered knowledgeableMurloc is considered knowledgeable
Re: Tax on savings

Quote:
View Post
If I return to CH and have all my retirement savings in a bank account (no pillars), how do I figure out what I will be taxed? Let's say, for argument, that it's 500K CHF - with nothing else. Thoughts?
it's pure, unconstrained, cash wealth so you can just use the tax calculator from the canton you want to live in and type in the exact value.
Reply With Quote
This user would like to thank Murloc for this useful post:
  #8  
Old 08.12.2018, 11:16
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,488
Groaned at 15 Times in 14 Posts
Thanked 1,521 Times in 724 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Tax on savings

Quote:
View Post
Though if you have to pay negative interest that would be currently another chf 375 - chf 500 on top.
Which Swiss banks are charging negative rates to retail clients? CS certainly aren’t.
Reply With Quote
  #9  
Old 08.12.2018, 11:21
Today only's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Europe
Posts: 6,124
Groaned at 778 Times in 522 Posts
Thanked 7,366 Times in 3,498 Posts
Today only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond repute
Re: Tax on savings

Quote:
View Post
Though if you have to pay negative interest that would be currently another chf 375 - chf 500 on top.



......on accounts with more than Chf 1mio positive balance
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
US tax on Swiss pension savings? Goldtop Finance/banking/taxation 17 23.12.2012 22:44
CH tax treatment of UK tax-free savings chelski Finance/banking/taxation 3 13.09.2012 19:32
Anticipatory tax (on savings in the bank account) CorsebouTheReturn Finance/banking/taxation 5 06.01.2012 23:21
EU Savings Tax Directive magyir Finance/banking/taxation 0 02.07.2011 14:06
Tax on revenues from savings : same as income tax ? potom Finance/banking/taxation 5 15.09.2008 22:06


All times are GMT +2. The time now is 23:16.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0