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Old 08.11.2020, 15:18
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Hi
Firstly I'm sorry I'm sure this has been covered

I left Switzerland in 2017 and currently have 84000 chf in vested benefits at UBS

They tell me I can only take out to buy a property at home here in UK

Thats fine also but I also here if I do so I will pay a hefty tax in UK?

I'd love to take it out as cash and wonder also if UK leave the EU Dec 31 if cash also becomes an option?

Sorry for the questions any guidance appreciated

By the way I'm 52 . Dont know if age has an affect

Last edited by roegner; 08.11.2020 at 15:42. Reason: Merging consecutive posts
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Old 08.11.2020, 22:34
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Re: Swiss Pension( Vested Benefits )

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Hi
Firstly I'm sorry I'm sure this has been covered

I left Switzerland in 2017 and currently have 84000 chf in vested benefits at UBS

They tell me I can only take out to buy a property at home here in UK

Thats fine also but I also here if I do so I will pay a hefty tax in UK?

I'd love to take it out as cash and wonder also if UK leave the EU Dec 31 if cash also becomes an option?

Sorry for the questions any guidance appreciated

By the way I'm 52 . Dont know if age has an affect
Depending on your employment status you might be able to take it all. It's down to the compulsory insurance requirement for a pension. If not working or self employed you can take all the cash. In most cases the withholding tax is all you need to pay.
UK/CH agreements are unlikely to change.
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Old 09.11.2020, 01:15
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Re: Swiss Pension( Vested Benefits )

I work full time.e in uk
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Old 09.11.2020, 09:37
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Re: Swiss Pension( Vested Benefits )

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I work full time.e in uk
Then you can only get the extra mandatory as cash. You can probably use it to buy a house but if the house is sold the money needs to be paid back.
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Old 09.11.2020, 14:38
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Re: Swiss Pension( Vested Benefits )

You are fully entitled to take a cash payout (pension 2 and 3) when you leave Switzerland. They cannot compel you to buy a house in the UK. I think they are misleading you.
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Old 09.11.2020, 14:42
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Re: Swiss Pension( Vested Benefits )

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You are fully entitled to take a cash payout (pension 2 and 3) when you leave Switzerland. They cannot compel you to buy a house in the UK. I think they are misleading you.
He canít take 100% in cash at 52 if working in the Uk, house purchase is an option
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Old 10.11.2020, 09:28
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Re: Swiss Pension( Vested Benefits )

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You are fully entitled to take a cash payout (pension 2 and 3) when you leave Switzerland. They cannot compel you to buy a house in the UK. I think they are misleading you.
Amazingly Switzerland has not made an social security agreement with South Africa, hence you could take the funds.
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