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Old 03.02.2021, 19:14
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Vested benefits account

Dear EF'ers, quick one about vested benefits account here.
I am a Turkish citizen living in CH for longer than 6 years.
I've lost my job, now I am looking at opening a vested benefits account so that I can move my 2.pillar there.
One day I may go back to Turkey, meaning that I can take my 2.pillar savings as cash since TR is non-EU/EFTA.
Now I just wonder, with a B permit and living in kanton ZRH, if I can open this account in a bank in kanton Schwyz ( believing that I pay less tax when I cash it out )?
Thanks for your comments.
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  #2  
Old 03.02.2021, 23:15
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Re: Vested benefits account

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Dear EF'ers, quick one about vested benefits account here.
I am a Turkish citizen living in CH for longer than 6 years.
I've lost my job, now I am looking at opening a vested benefits account so that I can move my 2.pillar there.
One day I may go back to Turkey, meaning that I can take my 2.pillar savings as cash since TR is non-EU/EFTA.
Now I just wonder, with a B permit and living in kanton ZRH, if I can open this account in a bank in kanton Schwyz ( believing that I pay less tax when I cash it out )?
Thanks for your comments.
Look at the fees of doing that Vs tax gain and decide if worth it.
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Old 04.02.2021, 00:29
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Re: Vested benefits account

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Look at the fees of doing that Vs tax gain and decide if worth it.
Kantonalbank Schwyz has a CHF 800 payout fee if one lives abroad
https://www.szkb.ch/pub/privatkunden...gigkeitskonten

However, one has to decide if they want already park the money in a maybe low interest bank account or do something else.
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Old 04.02.2021, 09:17
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Re: Vested benefits account

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Kantonalbank Schwyz has a CHF 800 payout fee if one lives abroad
https://www.szkb.ch/pub/privatkunden...gigkeitskonten

However, one has to decide if they want already park the money in a maybe low interest bank account or do something else.
Yes and they also charge a certain % yearly of your wealth amount.

Hence why one needs to think if it's really worth it. Might be a lot of hassle. I think they also require you to go in person to open the account but that may be different now with CoVid.
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Old 04.02.2021, 10:07
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Re: Vested benefits account

Some additional info here:
https://www.swissinfo.ch/ger/ausland...euern/43670970
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Old 04.02.2021, 10:19
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Re: Vested benefits account

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Yes and they also charge a certain % yearly of your wealth amount.
A simple account is free, but it accumulates an "interest" of only 0.01% . They only charge you when you invest in funds.
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Old 04.02.2021, 10:27
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Re: Vested benefits account

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Dear EF'ers, quick one about vested benefits account here.
I am a Turkish citizen living in CH for longer than 6 years.
I've lost my job, now I am looking at opening a vested benefits account so that I can move my 2.pillar there.
One day I may go back to Turkey, meaning that I can take my 2.pillar savings as cash since TR is non-EU/EFTA.
Now I just wonder, with a B permit and living in kanton ZRH, if I can open this account in a bank in kanton Schwyz ( believing that I pay less tax when I cash it out )?
Thanks for your comments.
If I were you I'd go with value pension ran by finpension

https://www.valuepension.ch/

A) they are based in kanton Schwyz

B) you can invest in high returning equities
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