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Tax Specialist - UK- Swiss (UK double taxation)

Hi, 


i have searched and read all the previous posts, but it is unclear in 2019 what will happen when I remove the extra part of my 2nd pilier to UK. 


does anybody have an excellent tax advisor?


thanks, 


 


SJ 

The text you are quoting:

Hi, 


i have searched and read all the previous posts, but it is unclear in 2019 what will happen when I remove the extra part of my 2nd pilier to UK. 


does anybody have an excellent tax advisor?


thanks, 


 


SJ 


HillmuncherMay 22, 2019 @ 21:25
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Re: Tax Specialist - UK- Swiss (UK double taxation)
Post 1

Hi, 

i have searched and read all the previous posts, but it is unclear in 2019 what will happen when I remove the extra part of my 2nd pilier to UK. 

does anybody have an excellent tax advisor?

thanks, 

 

SJ 


May 22, 19 21:25

The UK Swiss tax treaty allocates taxing rights on pension capital exclusively to the country from which the payment is made. So you will just pay Swiss withholding tax, which if you transfer first to a vested benefit account in Canton Schwyz, will usually be greatly redcuced.


If you do this while the UK remains in the EU, you can actually take the whole fund not just the extra mandatory part

The text you are quoting:

The UK Swiss tax treaty allocates taxing rights on pension capital exclusively to the country from which the payment is made. So you will just pay Swiss withholding tax, which if you transfer first to a vested benefit account in Canton Schwyz, will usually be greatly redcuced.


If you do this while the UK remains in the EU, you can actually take the whole fund not just the extra mandatory part


wilycoyote, May 23, 2019 @ 08:37
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