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Old 08.06.2019, 17:04
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Leaving Switzerland to work in Germany

I plan on leaving Switzerland to work in Germany. Is it possible for me to transfer my savings from my current Swiss account to a new account in Germany without having to pay any German income or other tax?
I have transferred my second pillar pension savings to a vested benefits account. I would like to use this money to purchase an apartment in Germany within one or two years - is this possible?
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Old 08.06.2019, 17:14
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Re: Leaving Switzerland to work in Germany

Yes
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Old 08.06.2019, 17:18
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Re: Leaving Switzerland to work in Germany

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Yes
To both questions?
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Old 08.06.2019, 18:54
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Re: Leaving Switzerland to work in Germany

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To both questions?
Yes to the first, no idea on the second question
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Old 09.06.2019, 08:26
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Re: Leaving Switzerland to work in Germany

Not sure, I think it depends on where you are going in De.
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Old 09.06.2019, 12:00
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Re: Leaving Switzerland to work in Germany

At this point it's been earned in and tax-deferred by Switzerland so I'd expect it to be taxed as income by CH (rather than by Germany) when it's paid out when you leave the country. Consequentially, for Germany the money should be classed as an asset as you've already earned it and paid income tax (in CH), and have them tax it accordingly (does Germany have a wealth tax?).

For details ask your local tax office. Perhaps also request information on how to have it unblocked upon your leaving CH, and what the tax consequences will be.
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Old 09.06.2019, 12:39
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Re: Leaving Switzerland to work in Germany

The obligatory contributions to the Pillar II penion plan cannot be withdrawn when moving to an EU/EFTA country for employment. Non-obligatory contributions can be. See this excerpt from the below link at p.28:


"Are vested benefits from the compulsory occupational benefit plan scheme (minimum insurance cover) paid out in cash to a person who leaves Switzerland for good in order to take up gainful employment in an EU or EFTA member state?


Not if the person is subject to compulsory insurance cover there. Compulsory occupational benefit contributions cannot be paid out in cash if the person concerned leaves Switzerland for good and is subject to the compulsory social security system in an EU or EFTA member state covering the risks associated with old-age, death and disability. The benefits are transferred to a blocked bank account according to the individual’s choice. This ensures ongoing insurance cover and any benefits will be paid out to individual upon their reaching retirement age. Vested benefits which exceed the legal minimum are not subject to this regulation."


https://www.ahv-iv.ch/p/880.e
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Old 11.06.2019, 15:41
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Re: Leaving Switzerland to work in Germany

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The obligatory contributions to the Pillar II penion plan cannot be withdrawn when moving to an EU/EFTA country for employment. Non-obligatory contributions can be. See this excerpt from the below link at p.28:


"Are vested benefits from the compulsory occupational benefit plan scheme (minimum insurance cover) paid out in cash to a person who leaves Switzerland for good in order to take up gainful employment in an EU or EFTA member state?


Not if the person is subject to compulsory insurance cover there. Compulsory occupational benefit contributions cannot be paid out in cash if the person concerned leaves Switzerland for good and is subject to the compulsory social security system in an EU or EFTA member state covering the risks associated with old-age, death and disability. The benefits are transferred to a blocked bank account according to the individual’s choice. This ensures ongoing insurance cover and any benefits will be paid out to individual upon their reaching retirement age. Vested benefits which exceed the legal minimum are not subject to this regulation."


https://www.ahv-iv.ch/p/880.e
Yes, but I understood that an exception to this was made if the money is to be used to purchase a residencial property.
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Old 11.06.2019, 15:48
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Re: Leaving Switzerland to work in Germany

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Not sure, I think it depends on where you are going in De.
I thought it was only in Switzerland that such laws varied by region.
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Old 11.06.2019, 22:14
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Re: Leaving Switzerland to work in Germany

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Yes, but I understood that an exception to this was made if the money is to be used to purchase a residencial property.

I'm not totally sure, but I'd have said it was only for Swiss property - and your primary residence (no holiday homes).
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