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  #321  
Old 13.09.2017, 10:17
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Re: Swiss pensions consolidated summary

thanks fatmanfilms, only one contract was 3 mths but got extended to 4 mths. Quite possibly this avoided BVG payments, but can't complain as they still pay based on a 13mth year. I saw a link to Stiftung Auffangeinrichtung BVG in another post. I couldn't tell if it has been given as a central collection for 2nd pillar or the default account if an employee does not provide an account number. I will get my husband to ring them today.
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  #322  
Old 13.09.2017, 10:20
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Re: Swiss pensions consolidated summary

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But there's definitely a requirement for the company to pay it into a BVG account if they take it out of his salary, which seems to be the case if it's on the payslip.
Yes, it is only the current contract which was 3mths, extended to 4 mths that has no BVG-beitrag (but does say Berufliche Vorsorge, does anyone know what that is?). The last contract definitely had BVG taken out.
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  #323  
Old 13.09.2017, 10:33
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Re: Swiss pensions consolidated summary

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Yes, it is only the current contract which was 3mths, extended to 4 mths that has no BVG-beitrag (but does say Berufliche Vorsorge, does anyone know what that is?). The last contract definitely had BVG taken out.
Berufliche Vorsorge = BVG !

There's a good summary here: https://www.svazurich.ch/bvg - Google Translate does a decent job on it.
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  #324  
Old 13.09.2017, 12:58
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Re: Swiss pensions consolidated summary

thanks newtoswitz
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  #325  
Old 13.09.2017, 13:21
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Re: Swiss pensions consolidated summary

Thanks for the link, interesting to read that you can start your own "pension fund":

Gründung einer eigenen Vorsorgeeinrichtung

Would expect there are a lot or requirements before they allow that
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  #326  
Old 13.09.2017, 21:10
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Re: Swiss pensions consolidated summary

This was the website we were given to track down lost 2nd pillar BVG, if anyone has worked here off and on like my husband and I. He can't believe he got any when he was an apprentice here in 1990! The rest he has to find via this link, there is a PDF to fill out. http://www.zentralstelle.ch/xml_2/in.../d376/f384.cfm
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  #327  
Old 25.09.2017, 08:04
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Re: Swiss pensions consolidated summary

Latest pension news: all proposed changes are cancelled!

https://www.thelocal.ch/20170924/swi...-save-pensions
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  #328  
Old 25.09.2017, 09:19
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Re: Swiss pensions consolidated summary

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Latest pension news: all proposed changes are cancelled!

https://www.thelocal.ch/20170924/swi...-save-pensions
So no change, which just isn't viable financially.

The trouble with this sort of vote is that the opposition don't have to propose an alternative - effectively people voted for a bankrupt pension system.
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  #329  
Old 25.09.2017, 10:34
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Re: Swiss pensions consolidated summary

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So no change, which just isn't viable financially.

The trouble with this sort of vote is that the opposition don't have to propose an alternative - effectively people voted for a bankrupt pension system.
The opposition was what is known as an "unholy alliance". On one side the far left with JuSo and PdA/Pop and on the other side FDP and SVP.

Read the reaction of the people (in the comments Section):
Everyone had his own motive why it was bad, or theory why it may have failed. https://www.tagesanzeiger.ch/schweiz...story/14656608

The question how to proceed and to success will be an interesting one. Best option in my opinion is to break it down and change it piece by piece. Salamitaktik? Yes. But when the sum of the whole is to big to chew, you have to cut it down into single digestible pieces.
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  #330  
Old 20.11.2017, 22:08
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Re: Swiss pensions consolidated summary

Could anyone recommend a decent pension/tax advisor in the Bern area? I have a pension fund I. The UK which I've pretty much overlooked for the last 10 years. Now I'm wondering if I should have been declaring in Switzerland.

When I look at moving it I run into all this QROPS business. I'm not interested in shifting my money to HK to avoid UK and CH taxes. I just want to move it into my Swiss work run pension fund and not pay 40per cent UK tax on the transfer. After that I'm happy to pay taxes.
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  #331  
Old 21.11.2017, 09:57
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Re: Swiss pensions consolidated summary

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Could anyone recommend a decent pension/tax advisor in the Bern area? I have a pension fund I. The UK which I've pretty much overlooked for the last 10 years. Now I'm wondering if I should have been declaring in Switzerland.

When I look at moving it I run into all this QROPS business. I'm not interested in shifting my money to HK to avoid UK and CH taxes. I just want to move it into my Swiss work run pension fund and not pay 40per cent UK tax on the transfer. After that I'm happy to pay taxes.
There are currently 0 pension funds in CH you can transfer to as nothing is QROPS compliant.
UK pensions are far more flexible than Swiss, self investment, drawdown from 55. You even can get the UK's personal allowance on any payout so can probably take the funds entirely tax free over time if resident in CH.
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  #332  
Old 22.11.2017, 21:37
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Re: Swiss pensions consolidated summary

Thanks for your reply. I thought though I was only allowed one 2nd pillar type pension. So l assumed I would have to transfer my UK fund to my Swiss pension fund.
I think that's why I need to talk to an expert here in Switzerland and not click on one of those 'expat don't lose 40% of your pension' links that track me all over that web!
Cheers
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  #333  
Old 09.01.2018, 21:53
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Re: Swiss pensions consolidated summary

Wow, what a lot of information. Thanks to all who have contributed.


I had a question about the pillar 1 pension....my wife worked in (her native) Switzerland for about 15 years before coming to the UK...where we met and married. She took her (I think) pillar 2 money out. We both live and work in the UK but plan to move permanently to Switzerland at some point in the next few years.


Does any body know if I we can transfer our UK National Insurance contribution history to Switzerland....in other word forfeiting the UK state pension in favour of something from the Swiss?


I will have almost all my UK state pension entitlement by then and my OH about half.
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  #334  
Old 09.01.2018, 23:21
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Re: Swiss pensions consolidated summary

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Wow, what a lot of information. Thanks to all who have contributed.


I had a question about the pillar 1 pension....my wife worked in (her native) Switzerland for about 15 years before coming to the UK...where we met and married. She took her (I think) pillar 2 money out. We both live and work in the UK but plan to move permanently to Switzerland at some point in the next few years.


Does any body know if I we can transfer our UK National Insurance contribution history to Switzerland....in other word forfeiting the UK state pension in favour of something from the Swiss?


I will have almost all my UK state pension entitlement by then and my OH about half.
No you cant swap years. You can have multiple pensions from different countries, I will get a full one from the UK & roughly half a Swiss pension.
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  #335  
Old 10.01.2018, 07:05
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Re: Swiss pensions consolidated summary

As fatmanfilms says. What you/your spouse could think of doing once you move is continue to make voluntary contributions to the UK end of things so you both get a full UK State pension.
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  #336  
Old 10.01.2018, 17:47
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Re: Swiss pensions consolidated summary

...thanks for the response. So do you know if I can make similar voluntary contributions to a Swiss pillar 1 pension? It is unlikely that I will be working in Switzerland...hopefully in "pre-retirement" but I'd like to receive some sort of state pension if possible??
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  #337  
Old 10.01.2018, 18:20
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Re: Swiss pensions consolidated summary

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...thanks for the response. So do you know if I can make similar voluntary contributions to a Swiss pillar 1 pension? It is unlikely that I will be working in Switzerland...hopefully in "pre-retirement" but I'd like to receive some sort of state pension if possible??
I believe it's a legal requirement to do do if you live here approx 475chf a year.
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  #338  
Old 10.01.2018, 18:29
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Re: Swiss pensions consolidated summary

Indeed it is.

https://www.ahv-iv.ch/Portals/0/Docu...ch/2.03_EN.pdf

However if your wife works then she will probably have to make contributions on your behalf depending on what her salary is.
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  #339  
Old 11.01.2018, 11:45
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Re: Swiss pensions consolidated summary

Thanks. We're in the process of identifying how much of a Swiss pension my wife will receive assuming no further contributions and there's lots of good information on that link!


I'm going to email them today to ask if we can make "top up" payments to fill the contribution gap. Even if we could, I'm not sure it would be worth it but has anybody done this or know if it's even possible?
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  #340  
Old 11.01.2018, 11:57
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Re: Swiss pensions consolidated summary

....actually just found part of the answer! Looks like it's no for us, at least while residing overseas. I'll check with them what happens when we move to Switzerland....


https://www.zas.admin.ch/zas/en/home...cultative.html




Being no longer subject to the compulsory OASI/DI/EO, Swiss nationals and EU or EFTA citizens who leave Switzerland, can, under certain conditions, join the voluntary OASI/DI.
Conditions
  • To have Swiss nationality, or that of a European Union (EU) or European Free Trade Association (EFTA) member state;
  • To reside outside the EU or EFTA;
  • To have been insured under the compulsory OASI/DI/EO scheme for at least five consecutive years;
  • To submit the membership application form within 12 months after leaving the compulsory OASI/DI/EO.
Membership is granted on an individual basis. Each member of the family must submit a separate application form.
If you are under 18 or have been exempt from paying contributions towards the compulsory OASI/DI/EO scheme, years of residence in Switzerland count as years of insurance.
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