Go Back   English Forum Switzerland > Help & tips > Leaving Switzerland  
Thread Tools Display Modes
Old 06.08.2010, 13:19
Newbie 1st class
Join Date: Apr 2010
Location: Olten
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
spag has no particular reputation at present
Withdrawing pension fund for property in UK

I'm due to leave Switzerland in the coming weeks and understand that I can withdraw the full amount of my pension fund (pillars 1 and 2) for a property.

We actually already own a house in the UK with a mortgage, which is due to be renewed early next year. What I would like to do is to withdraw the pension contributions to pay off part of the mortgage when we remortgage. Does anyone know if this is possible? And how to go about it?

Also, I am planning to deregister in Switzerland at the end of this month. I understand that the level of taxation will be different if I transfer the pension contributions to the UK before or after deregistering. Can someone explain the difference and which will the most beneficial timing for me to do this?

Thanks very much.
Reply With Quote
Old 06.08.2010, 14:34
Forum Legend
Join Date: Oct 2009
Location: la cote
Posts: 3,528
Groaned at 21 Times in 13 Posts
Thanked 3,165 Times in 1,666 Posts
runningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond repute
Re: Withdrawing pension fund for property in UK

You should probably check the Finance section of this forum, as I think this has already been answered.

A few things to note.

I don't think you can "withdraw" the full amount.
I believe this applies to pillars 2 and 3, but not 1.
If you are going to EU, I think it has to stay in the pension.
Also, it must be a primary residence, and not sure if it works for already purchased property.
Reply With Quote

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
3rd Pillar Pension Fund Richard Finance/banking/taxation 485 06.09.2019 21:22
Moving pension fund from NL to CH - Is that possible? Cris1973 Finance/banking/taxation 5 21.01.2014 14:45
Money into Pension Fund & Tax Saving ? Ashish Finance/banking/taxation 17 20.11.2011 20:38
Peculiar Pension fund query opel Finance/banking/taxation 0 11.02.2010 12:29
Transferring 2nd Pillar Pension Fund to UK Fergico Finance/banking/taxation 4 10.09.2009 23:13

All times are GMT +2. The time now is 14:31.

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