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30.12.2020, 12:28
| | Newbie | | Join Date: Dec 2020 Location: Zurich
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| | | 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskonto)
Hi there,
I am a Swiss national, and I am planning to live in the US for 3-5 years.
I have left my employer in Switzerland and am now asked to take my retirement savings out of the pension fund. I intend to open a "Freizügigkeits"-account for my 2nd Pillar savings, and I have already called a few banks: However, they are either charging high fees or don't offer services at all for people outside of the EU/EFTA.
Does anyone know of a recommended provider in Switzerland? Or am I better off taking out the savings entirely and keep them in the US?
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30.12.2020, 13:02
|  | Forum Legend | | Join Date: Nov 2007 Location: Zurich area
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
Stiftung Auffangeinrichtung BVG. https://web.aeis.ch/EN/pages/96/FZK%...its%20accounts
They must take anyone and it is also the place your money will go if you do not pick any provider.
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30.12.2020, 13:15
| | Newbie | | Join Date: Dec 2020 Location: Zurich
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
I am trying to avoid that the savings end up at BVG and would like to pick my own provider instead. My issue is that I haven't found a bank yet that offers (reasonably charged) accounts for persons living abroad.
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30.12.2020, 14:55
| | Newbie | | Join Date: Oct 2018 Location: Basel
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
You can check below web address for all foundations. https://finpension.ch/de/vergleich-quellensteuer/ |
30.12.2020, 16:06
|  | Forum Veteran | | Join Date: Nov 2007 Location: Switzerland
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
Have you checked VIAC? But in any case indeed I would take it out and wait for the big market crash and then invest  |
30.12.2020, 16:44
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
Yes, I am really fond of Viac's offering, but they denied me when they heard I am in the US. Same with 5 other banks that I called.
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30.12.2020, 17:08
| | Forum Veteran | | Join Date: Jul 2020 Location: Frick, Aargau
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
| Quote: | |  | | | | | | | | This is generally acknowledged to be the best solution.
But... seeing as how you are leaving Europe, why don't you just take it as a cash lump sum and invest it yourself?
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30.12.2020, 17:32
| | Newbie | | Join Date: Dec 2020 Location: Zurich
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
| Quote: | | | | | This is generally acknowledged to be the best solution.
I called 5 banks from this list and they all told me that they wouldn't serve clients in the US. But maybe I just need to call some more?
But... seeing as how you are leaving Europe, why don't you just take it as a cash lump sum and invest it yourself? | | | | |
Yes, that's an option. Either that or I leave it with the Auffangstiftung BVG. From what I understand there are my only two options.
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30.12.2020, 18:08
| | Forum Veteran | | Join Date: Jul 2020 Location: Frick, Aargau
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
| Quote: | | | | | Yes, that's an option. Either that or I leave it with the Auffangstiftung BVG. From what I understand there are my only two options. | | | | | Id kill to get mine as cash and invest it as I please! Do this even moderately sensibly and it should outperform very poor Swiss 2nd pillar performances.
Last edited by HickvonFrick; 30.12.2020 at 19:13.
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31.12.2020, 09:46
| | Newbie | | Join Date: Dec 2020 Location: Zurich
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
Yes, I'm thinking about investing it myself. But I will have to take US taxes into account too...
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31.12.2020, 12:13
| | Newbie | | Join Date: Oct 2018 Location: Basel
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| | | Re: 2nd Pillar savings account for Swiss national living in the US (Freizügigkeitskon
Be careful with the US income tax, that is very tricky. Please see below link for details. https://assets.kpmg/content/dam/kpmg...2017-final.pdf | |
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