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Old 24.04.2007, 21:32
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Transferring Pension to Switzerland

Hello

I will be cashing out my pension in South Africa as we are relocating to Switzerland next year.

Is one able to put a lump sum into AVS or what can I do with my retirement savings I have accumulated thus far (besides spend it ).

Please can someone also summmarize the change in laws as of June 2007 re movement of AVS funds should one leave Switzerland and relocate back to South Africa for example.

Looking forward to hearing from you.

Tanya
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Old 25.04.2007, 00:27
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Re: Transferring Pension to Switzerland

As you will have seen from searching these forums, there are three 'columns' in the Swiss pension system. If you deposit your SA pension cash in Column 3a - maybe over a number of years to maximise the effect, you can actually get tax relief, up to specified limits, on the amount you deposit, though you will not be able to remove the money until you retire.

Zurich Financial Services among others run such schemes...
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