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Old 19.02.2020, 08:52
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Re: alternatives to vested benefits

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Because if you keep it in a pension type of account there are tax benefits.
Nope, as the sum increases so does the tax liability. No benefits if not contributing
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-Live in Hong Kong and withdraw - money is with Schwyz Kantonal Bank - Schwyz Tax rate applies
.
Hong Kong has zero income tax so it would make sense to reclaim the withholding tax & pay zero instead.
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Isn't that taxable from the jurisdiction where you move to ? unless you chose a jurisdiction which happens to be not so penalizing, for most places it probably makes sense to keep the assets in a pension account to grow tax free
Possibly depends on the DTA, if it is then the withholding tax can be reclaimed.
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  #22  
Old 19.02.2020, 12:19
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Re: alternatives to vested benefits

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Hong Kong has zero income tax so it would make sense to reclaim the withholding tax & pay zero instead.
Hi!

Thanks for this. From who would you reclaim? From the Swiss? On what basis?

K
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Old 20.02.2020, 10:22
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Re: alternatives to vested benefits

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No it's going to be P2, they will start by the end of March. So far it's only P3a. For 3a they are great and offer lots of choices, so I hope it will be similar for P2.
I hope so too, have they made any announcements on whether they will allow for asset-allocation of P2 assets ? that would be great indeed.
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