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-   -   Hypothetical Pension Question - Covid Trigger (https://www.englishforum.ch/finance-banking-taxation/298622-hypothetical-pension-question-covid-trigger.html)

Boomer 14.06.2020 13:39

Hypothetical Pension Question - Covid Trigger
 
Hi all,
I was talking to some friends in the UK and the conversation took an interesting turn.
Strangely these two hard-driving successful folk were saying "I've got used to more time at home and I quite like it". A work:life balance type of a thing.
Both are >55 and as a result can access their pensions so are planning to "retire" from their current high power jobs, start taking pension and then take a smaller local job (no world travel!) to bridge part of the gap.
Now the question for the experts on the forum; they asked me whether one could do the same thing in CH? Its hypothetical for me, but I had to say that I don't know...and that bugs me!
Is it possible to do the same here, "retire" from a big job, start taking pension money and then take on a small job to bridge the gap? (I get permits permitting etc...another aspect of the hypotheticality)
Anyone know?

Guest 14.06.2020 14:19

Re: Hypothetical Pension Question - Covid Trigger
 
Quote:

Originally Posted by Boomer (Post 3190881)
Hi all,
I was talking to some friends in the UK and the conversation took an interesting turn.
Strangely these two hard-driving successful folk were saying "I've got used to more time at home and I quite like it". A work:life balance type of a thing.
Both are >55 and as a result can access their pensions so are planning to "retire" from their current high power jobs, start taking pension and then take a smaller local job (no world travel!) to bridge part of the gap.
Now the question for the experts on the forum; they asked me whether one could do the same thing in CH? Its hypothetical for me, but I had to say that I don't know...and that bugs me!
Is it possible to do the same here, "retire" from a big job, start taking pension money and then take on a small job to bridge the gap? (I get permits permitting etc...another aspect of the hypotheticality)
Anyone know?

It all depends on how much money one has and to what type of pension money is referred.

roegner 14.06.2020 14:41

Re: Hypothetical Pension Question - Covid Trigger
 
Depends on what your pension fund says. Some allow you to take out funds as from 58, some 59. That is, if you want to stay in Switzerland. Leaving the country there are other options. Starting your own company is another option to cash your Pillar 2.

Yes, thinking of doing that, maybe now even earlier than I had planned.

omtatsat 14.06.2020 15:40

Re: Hypothetical Pension Question - Covid Trigger
 
here's the scam

https://www.ch.ch/en/retirement-age/

KiwiSteve 14.06.2020 15:50

Re: Hypothetical Pension Question - Covid Trigger
 
The short answer is yes, but you have to look carefully at the finances.
Some (more than in UK or NZ) Swiss people people work part time to give themselves more life/work balance anyway.
The problem with the pillar 2 pension is that you get hit heavily by retiring early, so that there are a lot of 55+ people hanging on in.


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