Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 14.06.2020, 13:39
Newbie 1st class
 
Join Date: Jan 2017
Location: Vaud
Posts: 28
Groaned at 0 Times in 0 Posts
Thanked 34 Times in 19 Posts
Boomer has no particular reputation at present
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?
Reply With Quote
  #2  
Old 14.06.2020, 14:19
Guest
 
Posts: n/a
Re: Hypothetical Pension Question - Covid Trigger

Quote:
View Post
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.
Reply With Quote
  #3  
Old 14.06.2020, 14:41
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 11,070
Groaned at 363 Times in 304 Posts
Thanked 13,912 Times in 6,488 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
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.
Reply With Quote
  #4  
Old 14.06.2020, 15:40
Banned
 
Join Date: Oct 2007
Location: CH
Posts: 10,975
Groaned at 2,037 Times in 1,121 Posts
Thanked 5,139 Times in 3,246 Posts
omtatsat omtatsat omtatsat omtatsat omtatsat
Re: Hypothetical Pension Question - Covid Trigger

here's the scam

https://www.ch.ch/en/retirement-age/
Reply With Quote
  #5  
Old 14.06.2020, 15:50
Forum Veteran
 
Join Date: Aug 2011
Location: Risch
Posts: 743
Groaned at 37 Times in 22 Posts
Thanked 809 Times in 416 Posts
KiwiSteve has a reputation beyond reputeKiwiSteve has a reputation beyond reputeKiwiSteve has a reputation beyond reputeKiwiSteve has a reputation beyond repute
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.
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
Cannondale Trigger 2 Carbon 29 ravmond Items for sale 0 28.06.2017 23:45
Hypothetical question: Visiting Switzerland & running out of medication Vlh22 Family matters/health 33 12.03.2017 10:40
Semi Hypothetical question about leaving Switzerland if UK leaves EU jbrady Leaving Switzerland 2 08.05.2016 22:57
RIP, Trigger Sean Connery General off-topic 11 13.02.2014 20:32
A hypothetical question Nickers Family matters/health 34 20.01.2011 15:44


All times are GMT +2. The time now is 15:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0