Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 30.07.2021, 18:01
Newbie
 
Join Date: Nov 2019
Location: London
Posts: 9
Groaned at 1 Time in 1 Post
Thanked 2 Times in 2 Posts
agre has no particular reputation at present
Tax Declaration: UK pension fund + additional work income

Am completing my first tax declaration for Canton of Bern (2020 one, came later, as relocated mid-2020 + extended), have completed most of it now (with some good advise found here on the forum), however am still not clear with the following points:

1. Do I need to declare the amount of money held in a pension fund, to which contributions were made only whilst I was working in UK? If yes - where does this need to go?

2. What is the way to declare ''Compensation that is not included in the net wage / Entschädigungen, die im Nettolohn nicht enthalten sind'', i.e. money which I can claim back from employer for canteen + apartment rent paid during relocation, which was also claimed back from employer? These were not reflected on the yearly tax certificate provided by the company.

As I see it, this should go into ''Unselbstständiger Erwerb'', alongside with the ''Unselbstständige Erwerbstätigkeit'', however am I then expected to create two entries for the same employer, one for the info from the main wage, and second for these additional money (i.e. for one to tick the Haupterwerb (Nettolohn) on the Einkommenstyp, and for the second one - Entschädigungen, die im Nettolohn nicht enthalten sind?
Reply With Quote
  #2  
Old 30.07.2021, 18:54
Pachyderm's Avatar
Forum Veteran
 
Join Date: Feb 2012
Location: Zurich
Posts: 1,518
Groaned at 74 Times in 53 Posts
Thanked 3,329 Times in 1,134 Posts
Pachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond repute
Re: Tax Declaration: UK pension fund + additional work income

Must admit I always use a local accountant which I regard as money well spent. FWIW, I always include my UK pension funds (also created before I arrived here) but I have a feeling that pensions are not included in the overall wealth total. I may be wrong on that. No doubt someone will know.
Reply With Quote
  #3  
Old 30.07.2021, 19:02
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,378
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Tax Declaration: UK pension fund + additional work income

Quote:
View Post
Am completing my first tax declaration for Canton of Bern (2020 one, came later, as relocated mid-2020 + extended), have completed most of it now (with some good advise found here on the forum), however am still not clear with the following points:

1. Do I need to declare the amount of money held in a pension fund, to which contributions were made only whilst I was working in UK? If yes - where does this need to go?

2. What is the way to declare ''Compensation that is not included in the net wage / Entschädigungen, die im Nettolohn nicht enthalten sind'', i.e. money which I can claim back from employer for canteen + apartment rent paid during relocation, which was also claimed back from employer? These were not reflected on the yearly tax certificate provided by the company.

As I see it, this should go into ''Unselbstständiger Erwerb'', alongside with the ''Unselbstständige Erwerbstätigkeit'', however am I then expected to create two entries for the same employer, one for the info from the main wage, and second for these additional money (i.e. for one to tick the Haupterwerb (Nettolohn) on the Einkommenstyp, and for the second one - Entschädigungen, die im Nettolohn nicht enthalten sind?
I never declared foreign pension funds.

If it's not on the tax certificate, your employer does not think it needs to be declared. If you have a subsidised canteen you claim a lower daily rate.

You only have 1 employer, so that does not apply.

The great thing in CH, an omission by mistake is not considered tax evasion, tax evasion only becomes a criminal matter if 300k of tax is evaded in 1 tax year. The tax office may correct any mistakes if it thinks it should do so & will give you 30 days to appeal their decision.

If really worried you can turn up at the tax office with your form & they will help you fill it in.
Reply With Quote
  #4  
Old 30.07.2021, 19:39
Forum Legend
 
Join Date: Aug 2015
Location: Basle
Posts: 2,765
Groaned at 72 Times in 57 Posts
Thanked 1,928 Times in 1,114 Posts
Landers has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond repute
Re: Tax Declaration: UK pension fund + additional work income

With the Haupterwerb there should be a box for other compensation.

As mentioned already, although not the best advice, if you're going to make 'mistakes', the first year is the best year to do it as you have no 'baseline' yet. I'd just put what there is on your salary statement and the end of year bank statements and 'overlook' the expenses. Note that there is information sharing now between countries so don't go hiding anything which likely will become apparent later on.

I don't believe pensions schemes are declarable if they're genuine pensions that can't be cashed in before retirement age.
Reply With Quote
This user would like to thank Landers for this useful post:
  #5  
Old 30.07.2021, 20:17
Newbie
 
Join Date: Nov 2019
Location: London
Posts: 9
Groaned at 1 Time in 1 Post
Thanked 2 Times in 2 Posts
agre has no particular reputation at present
Re: Tax Declaration: UK pension fund + additional work income

thank you for your replies everyone, these make me make the decision easier!
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
Swisslife Pension fund - possibility to withdraw as opposed to transfer to EU pension zeteo Finance/banking/taxation 1 24.08.2017 09:58
Pension Slip for Previous Pension Fund (forwarded?) babel Finance/banking/taxation 18 16.09.2015 12:06
pension fund convertion to disability fund, is it legitimate? tailgate Family matters/health 2 29.03.2015 13:40
Is it additional income??? willance Finance/banking/taxation 14 26.11.2012 21:49
Additional income grnfish Finance/banking/taxation 4 19.11.2012 15:06


All times are GMT +2. The time now is 16:20.


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