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Old 27.04.2009, 19:50
JKN JKN is offline
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Vested Benefits Account

I am from a Non EU country and was working in Switzerland on a B permit up until end of last year. Since my employer was an International Organization and was having tax exempt status, I did not have to pay income tax on my salary.

Now it is nearing 6 months since I left my employment and the company which takes care of our pensions has asked me instructions on the future of my pension amount currently with them. The instruction options are

a) Transfer to new employers account
b) Move the money to their recommended vested benefits account
c) Transfer out of country if I am leaving Switzerland

I do not plan to leave Switzerland yet but have not started a new job.

a) Suppose I go with the plan of a vested benefits account as suggested, Will I be taxed (withholding tax) when I decide to withdraw and leave the country?

b) I understand that this would be a blocked account. Will I be able to close the account and take my money if need be in future without restriction.

I look forward to your comments.
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