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Old 20.07.2011, 23:15
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Left CH, close UBS 3rd Pillier, huge withholding tax

Dear all,

(I searched but not found any similar topic, even in http://www.englishforum.ch/finance-banking-taxation/, thus I open a new one here)

I was living in CH with a B-permit. I've then left CH and now am living in the Netherlands. I'm Asian.
I've been maintaining my 3rd Pillier account at UBS, no maintaining fee.

Now it has 6816 CHF, and I told UBS to close that account and move all that money to my Dutch bank.

The thing is: UBS holds a "withholding tax" of 360 CHF, and gives me the form "Demande de remboursement de l'impot a la source prélevé sur les prestations en capital provenant d'institutions de prevoyance ayan leur siege en Suisse"

(Google translation: "Application for Refund of withholding tax levied on lump-sum benefits from pension funds domiciled in Switzerland ')."

It means I have to do something to beg them so that they don't rob 360 from me? And what should I do here ?

Does anyone have a similar experience ?

Many thanks to you.
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Old 20.07.2011, 23:49
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Re: Left CH, close UBS 3rd Pillier, huge withholding tax

Fill out the form they gave you ? just guessing....
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Old 21.07.2011, 07:06
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Re: Left CH, close UBS 3rd Pillier, huge withholding tax

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Dear all,

(I searched but not found any similar topic, even in http://www.englishforum.ch/finance-banking-taxation/, thus I open a new one here)

I was living in CH with a B-permit. I've then left CH and now am living in the Netherlands. I'm Asian.
I've been maintaining my 3rd Pillier account at UBS, no maintaining fee.

Now it has 6816 CHF, and I told UBS to close that account and move all that money to my Dutch bank.

The thing is: UBS holds a "withholding tax" of 360 CHF, and gives me the form "Demande de remboursement de l'impot a la source prélevé sur les prestations en capital provenant d'institutions de prevoyance ayan leur siege en Suisse"

(Google translation: "Application for Refund of withholding tax levied on lump-sum benefits from pension funds domiciled in Switzerland ')."

It means I have to do something to beg them so that they don't rob 360 from me? And what should I do here ?

Does anyone have a similar experience ?

Many thanks to you.
5% is huge? Since when? And a withholding tax would be the government robbing you, not UBS. Take a deep breath, quit hyperventilating, and read/complete the form.
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Old 21.07.2011, 08:02
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Re: Left CH, close UBS 3rd Pillier, huge withholding tax

Thanks for your posts.

Now after reading around, I guess that this withholding tax is a delayed tax: when I put some money (~6350 CHF) from my annual salary into the 3rd pillier, it meant that those 6350 was not taxed. And now the Guv. takes it back.

If it is so, then it's fair.

Now, the question is: this form "Request for Refund of the tax" means that under some conditions I can have the money back, otherwise not.

In the form, there are 2 possibly worthy sections:

1) Raison sociale (Social reason).
2) Attestation of the foreign fiscal authority: "We the foreign fiscal authority are aware of this income"

For the "Social reason": should I say that after moving from CH to the Netherlands, I have several months living without any income while searching for jobs ?
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Old 21.07.2011, 08:08
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So you claimed tax relief to set up a pension, you take the pension & get taxed at 5%. Can you tell me any other pension anywhere that's taxed lower ?
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