Swiss Pensions – Leaving Switzerland

Swiss Pensions – Leaving Switzerland

Leaving Switzerland

Many international people come to Switzerland for work and stay for 5 to 10 years sometimes more. When the time comes to leave you will have in most cases built up quite significant pension pots in the 2nd and 3rd pillars. The money that has grown in the 2nd pillar can no longer stay within your company scheme, so has to go into a vested benefit account. Frequently people like to take as much with them at time of exit, others can find it interesting to leave some money in Switzerland until later in life.

When the time comes to take the money now or in the future, you have to pay capital tax. Capital tax rates differ from canton to canton, in some cases this can vary by as much as 10%. At Monfort International our expert advisers can show you the most efficient vested benefit accounts, and save you money in capital tax costs.

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