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  #21  
Old 13.01.2021, 01:53
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Re: UBS pension Withdrawal Change - but what about tax?

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That seems to be the way
That's how I've been advised no UK tax

By whom?
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  #22  
Old 13.01.2021, 02:02
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Re: UBS pension Withdrawal Change - but what about tax?

By 2 tax accountants based on uk.Swiss treaty

https://assets.publishing.service.go...s_in_force.pdf

Check article 18 item 2
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  #23  
Old 13.01.2021, 13:37
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Re: UBS pension Withdrawal Change - but what about tax?

i am still confused on the pillar 1 withdrawl - Perhaps you could provide a summary if your understanding
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  #24  
Old 13.01.2021, 13:59
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Re: UBS pension Withdrawal Change - but what about tax?

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By 2 tax accountants based on uk.Swiss treaty

https://assets.publishing.service.go...s_in_force.pdf

Check article 18 item 2

Pensions paid in part or whole by a lump sum are different to cashing in a pension before the due date, aren't they?
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  #25  
Old 13.01.2021, 20:40
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Re: UBS pension Withdrawal Change - but what about tax?

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Pensions paid in part or whole by a lump sum are different to cashing in a pension before the due date, aren't they?
I assume yes but I cannot answer
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  #26  
Old 13.01.2021, 21:36
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Re: UBS pension Withdrawal Change - but what about tax?

I have tried a few times to understand what is being suggested without success.

What is your understanding of pillar 1 withdrawl on departure to uk?

What is your understanding of pillar 2 withdrawl on departure to uk and is there an obligatin to pay UK tax or just swiss tax?
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  #27  
Old 13.01.2021, 23:52
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Re: UBS pension Withdrawal Change - but what about tax?

Surely you can't withdraw Pillar 1 contributions? That's the state pension so you'll start getting paid your pension at the standard rate (multiplied by the number of years' contributions) once you reach retirement age. Pillars 2 and 3, yes, withdrawable.
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  #28  
Old 14.01.2021, 00:18
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Re: UBS pension Withdrawal Change - but what about tax?

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Surely you can't withdraw Pillar 1 contributions? That's the state pension so you'll start getting paid your pension at the standard rate (multiplied by the number of years' contributions) once you reach retirement age. Pillars 2 and 3, yes, withdrawable.
Here's a thread suggesting you can - https://www.englishforum.ch/leaving-...ess-story.html

Seemingly not much and only if you are from select non-EU countries that have no/bare bones agreements with Switzerland.
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