Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 17.12.2020, 15:25
Junior Member
Join Date: Nov 2019
Location: Vaud
Posts: 77
Groaned at 0 Times in 0 Posts
Thanked 27 Times in 19 Posts
Humph has earned some respectHumph has earned some respect
Getting money out of a Swiss Company Pension

Hi, I am currently working in Switzerland and contributing into a company pension. I am, however, scheduled to leave the country for the UK next year. For tax reasons, I'd like to make a fairly large additional contribution to the pension while I'm here, which would be from personal savings (i.e. money that's already had tax paid on it). Now, I understand that once I leave the country, I can't access what's in the company pension for 3 years or so, but does anyone know what would be the tax position back in the UK of this reinvested sum? Would it be liable for tax, even if I'd already paid tax on it? Thanks in advance...
Reply With Quote
Old 17.12.2020, 16:10
aSwissInTheUS's Avatar
Forum Legend
Join Date: Nov 2007
Location: Zurich area
Posts: 12,778
Groaned at 99 Times in 88 Posts
Thanked 19,576 Times in 8,681 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: Getting money out of a Swiss Company Pension

You see it wrongly. You invest money which you earned during the tax year and thus it has not been taxed and will not be taxed. However, it will be taxed once you cash in the pension funds.
Investing more money than you earned is stupid.
Investing so much money that the reminder of your income will not cover your living costs means you have to finance your living cost from your personal savings.
Reply With Quote

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
Pension money while on RAV Iskander Employment 2 19.10.2018 16:03
Taxing / pension questions for non-Swiss company (but I'm living & working in Suisse) greduan Finance/banking/taxation 7 12.11.2017 16:14
Company contribution to swiss pension BobbytheCat Finance/banking/taxation 1 05.01.2015 22:58
Swiss company pension irishscott Introductions 0 29.10.2012 12:46
Company Pension transfer into Swiss Company Pension Canariesfan Finance/banking/taxation 1 16.06.2011 14:56

All times are GMT +2. The time now is 23:19.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0