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-   -   Pillar 2: Credit Suisse will introduce a quarterly fee. Options? (https://www.englishforum.ch/finance-banking-taxation/294214-pillar-2-credit-suisse-will-introduce-quarterly-fee-options.html)

BaselPT 21.09.2019 10:55

Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
I got a letter from Credit Suisse, where I have my very modest Pillar 2 "savings". It is 9 CHF per quarter (36 per year). It isn't huge but my savings there are so small (I worked only one year in Switzerland) that I really don't want this drag.

I left back in 2014 and don't quite remember what I can do with Pillar 2 (I'm within the EU, so I think I can't cash it out entirely). Does anyone know other banks who could hold the assets free of charge, or any other options?

Thanks in advance!

aSwissInTheUS 22.09.2019 00:15

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
If all fails there is always the Stiftung Auffangeinrichtung BVG (Chaeis).
https://web.aeis.ch/EN/pages/96/FZK%...its%20accounts
They must take anyone, regardless of nationality and domicile.
Current interest rate with them is 0.1%

Better interest rates offers WIR Bank, Banco Stato Ticino, Clientis Caisse d'Epargne Courtelary, and Bezirks-Sparkasse Dielsdorf.

curley 22.09.2019 00:48

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by aSwissInTheUS (Post 3102533)
If all fails there is always the Stiftung Auffangeinrichtung BVG (Chaeis).
https://web.aeis.ch/EN/pages/96/FZK%...its%20accounts
They must take anyone, regardless of nationality and domicile.
Current interest rate with them is 0.1%

Better interest rates offers WIR Bank, Banco Stato Ticino, Clientis Caisse d'Epargne Courtelary, and Bezirks-Sparkasse Dielsdorf.

As BaselBT left the country and doesn't sound as if they want to come back, can't they cash it in?

robBob 22.09.2019 11:18

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Can look here:
https://www.moneyland.ch/en/vestedBenefitsAccount/index
or here
https://www.saldo.ch/service/zinsver...Cgigkeitskonto

Guest 22.09.2019 11:40

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by curley (Post 3102536)
As BaselBT left the country and doesn't sound as if they want to come back, can't they cash it in?


No as he is in EU !

fatmanfilms 22.09.2019 12:16

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

No as he is in EU !
It’s based on compulsory insurance requirement or not rather than country of residents

BaselPT 22.09.2019 12:33

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by fatmanfilms (Post 3102579)
It’s based on compulsory insurance requirement or not rather than country of residents

I don't remember this distinction, can you clarify?

I will probably move it to WIR bank or similar, although trying to improve on the paltry interest rates I chose something in Credit Suisse that was partly (I think 45%) invested in an index, and indeed the amount rises and falls (but on average it has risen, and more than 0.2% per year...). I'm not sure if that will create difficulties transferring it over.

curley 22.09.2019 16:13

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

No as he is in EU !
Now, let a Brit explain that to me: If I as a Swiss leave Switzerland for good but move to an EU country, I won't get the money either?
If so, I honestly didn't know that.

roegner 22.09.2019 16:18

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
You can have the "überobligatorische" part paid out when you leave.

As far as I understand it you cannot take it if you get another job in an EU country. Which in return would mean that it could be paid out if you do not work in that country?

Wasn´t there a thread from someone who did move to an EU country and had it all paid out?

fatmanfilms 22.09.2019 16:26

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by curley (Post 3102628)
Now, let a Brit explain that to me: If I as a Swiss leave Switzerland for good but move to an EU country, I won't get the money either?
If so, I honestly didn't know that.

Depending on insurance requirement, if not working or self employed then probably 100% withdrawal as I did 4.5 year’s ago

fatmanfilms 22.09.2019 16:27

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by roegner (Post 3102630)
You can have the "überobligatorische" part paid out when you leave.

As far as I understand it you cannot take it if you get another job in an EU country. Which in return would mean that it could be paid out if you do not work in that country?

Wasn´t there a thread from someone who did move to an EU country and had it all paid out?

Yes my thread. Until the uk workplace pension the uk did not require insurance, sure some other countries don’t now

curley 22.09.2019 17:20

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by fatmanfilms (Post 3102633)
Depending on insurance requirement, if not working or self employed then probably 100% withdrawal as I did 4.5 year’s ago

Are you Swiss?

fatmanfilms 22.09.2019 20:58

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by curley (Post 3102640)
Are you Swiss?

No British, but it makes nor difference

curley 22.09.2019 21:27

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by fatmanfilms (Post 3102712)
No British, but it makes nor difference

Okay, thanks.
I didn't know that, I thought "leaving home for good" was that - didn't know sticking around Europe makes a difference to us.

fatmanfilms 22.09.2019 21:39

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by curley (Post 3102726)
Okay, thanks.
I didn't know that, I thought "leaving home for good" was that - didn't know sticking around Europe makes a difference to us.

It's just a matter of leaving CH to live in the EU under free movement, same rules apply to CH/EU passport holders.

Permanent move is an intention at the time, nothing to stop you returning 2 years later.

curley 22.09.2019 22:09

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by fatmanfilms (Post 3102731)
It's just a matter of leaving CH to live in the EU under free movement, same rules apply to CH/EU passport holders.

Permanent move is an intention at the time, nothing to stop you returning 2 years later.

yep, that's the "funny" bit about it actually.

fatmanfilms 23.09.2019 12:00

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
Quote:

Originally Posted by curley (Post 3102740)
yep, that's the "funny" bit about it actually.

You get a permanent job & then get sacked after 3 months, 1 year, 5 years ...... Things is life is full of surprises.

BaselPT 27.09.2019 16:23

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
WIR bank can only open the account if I go to a branch, and further only accept people that live in a neighboring country (e.g. Germany). Doesn't work for me :/

Next!

BaselPT 11.02.2020 13:44

Re: Pillar 2: Credit Suisse will introduce a quarterly fee. Options?
 
At the end I opted to go with the easy solution, which is https://web.aeis.ch/EN/home

According to what I was told by phoning them, I just need to ask the previous provider (Credit Suisse) to transfer the funds to the AEIS' IBAN, so I phoned Credit Suisse and asked if I could send the request by e-mail. They said that would work, so I sent a signed letter by e-mail and they replied they would transfer the funds.

Hopefully that is problem solved.


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