Go Back   English Forum Switzerland > Help & tips > Leaving Switzerland  
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 01.04.2020, 13:05
Join Date: Feb 2020
Location: Zurich
Posts: 118
Groaned at 7 Times in 6 Posts
Thanked 109 Times in 61 Posts
spark has earned some respectspark has earned some respect
AHV refund calculation when leaving Switzerland

Hey I'm considering leaving Switzerland for UK and trying to estimate how much of pillar 1 (AHV) contributions I can potentially cash out upon emigration. I have a third world passport so should be allowed to cash out my pillar 1.

From what I've been able to gather online, AHV refund would be minimum of:
  • pension part of AHV payments: roughly 82% of them (=4.35% of 5.275% as of 2020), times 2 to account for employer-side contributions.
  • "Barwert" (net present value) of my future pension cashflows.
I've had a well paying job and plowed a good fortune into AHV contributions over the years, so I suspect Barwert calculation will be the main limiting factor for me:
  • Assuming I'm 35yo male, no kids, no wife, with 10 years of AHV contributions.
  • Normally I'd be entitled to 28440/40*10 = 7110 Fr/year pension at 65 with my 10 years of contributions
  • To calculate its Barwert, I take a factor B1(x) from fancy tables over here (Barwert einer lebenslangen Rente für Männer / Sofort beginnende), and discount it further by 1.5% for 30 years that I have till pension age.
  • This gives me Barwert: 28440/40*10 * 35.289 / 1.015^(65-35) = 160519 Fr
Does this make sense and is in the right ballpark? Anyone here have experience with AHV refunds and can share how they calculated Barwert for you?

Also, what kind of tax would I have to pay on AHV refund? Would UK try to tax me as well?
Reply With Quote

ahv, cash out, pension, pillar 1, refund

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
AHV refund when leaving Switzerland clawhammer Leaving Switzerland 40 04.09.2018 22:46
Tax refund .. Leaving Switzerland by car Khloe.B Leaving Switzerland 6 05.01.2015 12:10
Tax refund after leaving Switzerland shivanigaurav Finance/banking/taxation 3 14.08.2011 15:34
Leaving Switzerland, tax refund cissi Finance/banking/taxation 4 16.04.2011 17:22
Leaving Switzerland - Tax refund possible? brownie.531 Finance/banking/taxation 1 22.05.2010 21:14

All times are GMT +2. The time now is 04:20.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0