Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 16.07.2019, 19:54
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,367
Groaned at 97 Times in 57 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Lump sum pension payment and possible return

So, my wife and I left Switzerland (Lugano) and returned to the US in 2012 and as part of that we took our pension as a lump sum. In fact, it was the only reason we were able to buy a house a year later in the Bay area. I have someone in Geneva pinging me about a job now and my wife wants me to talk to them but I'm wondering about the whole pension thing. If I recall correctly, if you took your pension out as a lump sum but ended up coming back you had to pay it back. Am I recalling that correctly or has that changed? I know I should ask the HR drones but figured why not say hi again.
Reply With Quote
  #2  
Old 16.07.2019, 19:57
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 9,292
Groaned at 52 Times in 50 Posts
Thanked 14,473 Times in 6,697 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Lump sum pension payment and possible return

Welcome back.
Reply With Quote
  #3  
Old 16.07.2019, 20:34
aSwissInTheUS's Avatar
Forum Legend
 
Join Date: Nov 2007
Location: Zurich area
Posts: 10,294
Groaned at 79 Times in 70 Posts
Thanked 15,580 Times in 6,912 Posts
aSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond repute
Re: Lump sum pension payment and possible return

Quote:
View Post
If I recall correctly, if you took your pension out as a lump sum but ended up coming back you had to pay it back. Am I recalling that correctly or has that changed?
I am not aware of such a requirement if the payout was because one leaves the country.
But see for yourself in the relevant law : https://www.admin.ch/opc/fr/classifi...152/index.html
Reply With Quote
  #4  
Old 16.07.2019, 20:40
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,367
Groaned at 97 Times in 57 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Re: Lump sum pension payment and possible return

Quote:
View Post
Welcome back.

I'm not back yet, just willing to listen to what the offerer has to say. I always am.
Reply With Quote
  #5  
Old 16.07.2019, 20:41
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,367
Groaned at 97 Times in 57 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Re: Lump sum pension payment and possible return

Quote:
View Post
I am not aware of such a requirement if the payout was because one leaves the country.
But see for yourself in the relevant law : https://www.admin.ch/opc/fr/classifi...152/index.html
Thanks, I'll have to try to go through it before the call next week.
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
Do I have to pay tax in the US for an AHV pension lump sum payment? DavidOliver Finance/banking/taxation 17 07.09.2018 00:16
Taking UK Pension Pot as Lump Sum Piv Finance/banking/taxation 12 05.09.2018 22:00
Proposed restrictions in lump sum pension withdrawal Phil_MCR Finance/banking/taxation 5 17.06.2017 16:09
Lump Sum Pension Payment and departure taxes geneva29 Finance/banking/taxation 1 27.03.2011 09:14
Swiss Tax on UK pension lump sum davidhenry Finance/banking/taxation 7 09.06.2010 07:33


All times are GMT +2. The time now is 02:28.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0