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Old 14.10.2013, 10:26
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Cashing in Swiss Pension

In order to get all the monies out of my swiss pension I am told i need to complete a form from the Swiss LOB Guarantee Fund.
Where or not i get this money (3 to 4 months im told it takes ) depends on whether i have the correct compulsory pension insurance requirements in the Uk
Has anyone else experienced this process and do you know what the requirements are.
Like to know so i can adapt my situation to fit the bill !!
Thx in advance
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Old 14.10.2013, 12:11
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Re: Cashing in Swiss Pension

try typing in

SEARCH

lots of threads and info
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Old 14.10.2013, 16:05
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Re: Cashing in Swiss Pension

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In order to get all the monies out of my swiss pension I am told i need to complete a form from the Swiss LOB Guarantee Fund.
Where or not i get this money (3 to 4 months im told it takes ) depends on whether i have the correct compulsory pension insurance requirements in the Uk
Has anyone else experienced this process and do you know what the requirements are.
Like to know so i can adapt my situation to fit the bill !!
Thx in advance
still not finding the definative answer as to what the criterea is to qualify to get all you money out of your swiss pension
Anyone help pls ?
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Old 14.10.2013, 16:08
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Re: Cashing in Swiss Pension

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still not finding the definative answer as to what the criterea is to qualify to get all you money out of your swiss pension
Anyone help pls ?
How old are you & where are you going to would be needed before anyone can tell you more.
This has been discussed in the last week & most months over the last few years so I am surprised you have not got a definitive answer to your question.
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Old 14.10.2013, 16:11
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Re: Cashing in Swiss Pension

uk and 48y
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Old 14.10.2013, 16:16
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Re: Cashing in Swiss Pension

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uk and 48y
You can't take you pension until retirement age.
You could transfer to a UK pension scheme & take 25% cash with the rest as pension. A Swiss pension can be taken from 60 as 100% cash, or could be used to buy a main residence.
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Old 14.10.2013, 16:21
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Re: Cashing in Swiss Pension

thx for response .
my friend recently came back to UK and filled in a form from Swiss LOB guarentee fund amd after 3months got all his pension back in cash via HRMC
He also said :
it's all to do with having the correct compulsory pension insurance requirements in the UK.

Its an understanding of what those requirements are that im after.
Thx so far though
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Old 14.10.2013, 16:23
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Re: Cashing in Swiss Pension

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thx for response .
my friend recently came back to UK and filled in a form from Swiss LOB guarentee fund amd after 3months got all his pension back in cash via HRMC
He also said :
it's all to do with having the correct compulsory pension insurance requirements in the UK.

Its an understanding of what those requirements are that im after.
Thx so far though
If you google Swiss LOB guarantee fund you can read all about it

The key point being "If you are not subject to a compulsory pension insurance requirement in the United King- dom, your benefit scheme may pay out your vested benefits in cash, provided that all the re- quirements for cash payment are satisfied. " What nationally is your friend?
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Old 14.10.2013, 16:40
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Re: Cashing in Swiss Pension

English
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Old 14.10.2013, 18:07
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Re: Cashing in Swiss Pension

Does this help?

http://www.verbindungsstelle.ch/xml_...on/d51/f62.cfm
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Old 14.10.2013, 20:00
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Re: Cashing in Swiss Pension

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English
I doubt it's applicable to you, refer to the first answer I gave you
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Old 14.10.2013, 22:22
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Re: Cashing in Swiss Pension

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If you google Swiss LOB guarantee fund you can read all about it
Well, not exactly. You can read a high level process description. What the OP wants to know and what I would like to know is what constitutes being "subject to a compulsory pension insurance requirement". Does this relate to pillar 1 or 2 ? As we are talking about release of pillar 2 assets, maybe it is whether you are subject to compulsory pillar 2 (equivalent) in UK ? Well, company pensions (=BVG = pillar 2) are currently not mandated in the UK. So does it relate to AHV equivalent (NI) - if so, are there categories of employment, non-employment etc that are not subject to this ? It would be nice to get some clarity.
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Old 14.10.2013, 22:24
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Re: Cashing in Swiss Pension

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my friend ... got all his pension back in cash via HRMC
Maybe your friend could explain the details to you, then you could educate the rest of us...
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Old 15.10.2013, 08:25
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Re: Cashing in Swiss Pension

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what constitutes being "subject to a compulsory pension insurance requirement". Does this relate to pillar 1 or 2 ?
To partially answer my own question, from another page on the LOB website I found "the person concerned must have compulsory state insurance for retirement, disability and survivors' benefits in the new country"

So this seems a strange mix of Pillar 2 (BVG) assets being blocked by being subject to mandatory Pillar 1 (equiv. AVH/IV). Under what circumstances you would not be required to be insured for Pillar 1 I don't know.
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Old 15.10.2013, 09:24
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Re: Cashing in Swiss Pension

If you are retired or self employed



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To partially answer my own question, from another page on the LOB website I found "the person concerned must have compulsory state insurance for retirement, disability and survivors' benefits in the new country"

So this seems a strange mix of Pillar 2 (BVG) assets being blocked by being subject to mandatory Pillar 1 (equiv. AVH/IV). Under what circumstances you would not be required to be insured for Pillar 1 I don't know.
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Old 15.10.2013, 09:56
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Re: Cashing in Swiss Pension

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If you are retired or self employed
Self employed have to pay NI contributions in the UK, so looks like retired people only. Possibly non Doms.
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Old 06.11.2013, 11:52
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Re: Cashing in Swiss Pension

Gosh I'm now scared to ask my question re my pension................
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Old 10.11.2013, 17:04
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Re: Cashing in Swiss Pension

Search for the Swiss LOB guarantee fund, it has all the information you need!
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Old 12.02.2014, 15:35
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Re: Cashing in Swiss Pension

There's too much information about this. I just want my money Will I get something out of there calling to the bank in der Schweiz?
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Old 12.02.2014, 15:42
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Re: Cashing in Swiss Pension

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There's too much information about this. I just want my money Will I get something out of there calling to the bank in der Schweiz?
If your head is overloaded donate the few pennies to the SVP.
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