Vested Benefits Solutions

I’m leaving Switzerland, I lost my job or I am simply taking a break from work. What’s going to happen to my pension fund assets?

One thing is for sure, you will need to do something with your saved pillar 2 funds. With a wide variety of investment possibilities at your disposal, carefully considered planning is essential.

Situations that call for a vested benefits solution:

  • Planning an early retirement.
  • Taking up self-employment.
  • Giving up work in Switzerland and moving abroad.
  • Taking parental leave, embarking on further training, or in the case of unexpectedly becoming unemployed.

What We Offer

We assist you with tailoring the exit management of your pillar 2 funds through the use of the most appropriate vested benefits solution for your situation. Whenever your professional activity in Switzerland is interrupted or stops, we can help you to take full advantage of a range of attractive benefits that are on offer – such as:

  • Keep as much of your pillar 2 funds as possible.
  • Your transferred pension funds always land where you want them to.
  • Your risk profile is individualized and tailored to your unique requirements.
  • The number of parties you need to work with is reduced to one, saving you time and paperwork.
  • Peace of mind when working with well-established Swiss financial institutions such as: Swiss Life; Liberty Pension Foundation; PensExpert; UBS; Credit Suisse; and others.
  • Taxes are kept to a bare minimum with the most tax efficient exit possible.

Our advisers also provide extensive support and will guide you through the possibilities and limitations associated with transferring your pension savings.

Capital Tax Savings Example: Canton Schwyz

The Jones family moves back to Australia. The husband, Mark (age 45) who worked for 10 years at a pharmaceutical company in Zürich, Switzerland, has a tidy sum of money put away in his pillar 2 pension.
He would like to keep his pillar 2 funds in Switzerland until he is 65 because he likes the fact that he doesn’t need to exchange Swiss Francs to Australian Dollars, and wants to avoid any currency risks.
He also, quite rightly, sees Switzerland as one of the safest financial countries in the world.

His total vested benefits capital is CHF 500,000.

The tax savings implications, based upon the choice of the withdrawal destination of the pillar 2 funds, are illustrated in the below example which is based on 2018 tax figures:

Mark’s vested benefits capital amount:

CHF 500,000.00

Withholding tax in Canton Zurich:

CHF 40,325.00

vs.

Withholding tax in Canton Schwyz:

CHF 22,825.00

Pension fund payout in Canton Zurich (without deductions):

CHF 459,675.00

Pension fund payout in Canton Schwyz (without deductions):

CHF 477,175.00

Mark’s savings when using the more favourable withdrawal destination:

CHF 17,500

Contact Us

Submit your details and one of our advisers will call you back.

First & Last Name *

Email Address *

Contact Number *

Message