Hi Olga

Yes you are entitled to take your pillar 2 pension fund. If you are going to a non EU country you can take all of it, but if you are going to an EU country then you cannot take part of the fund which arises from the legal minimum contributions .. you can only take the excess.

There is a small tax on small amounts, but it can rise to as much as 16% for larger amounts. in that case it can be reduced with a little advance planning.

Your pension provider can give you a form to claim the fund, and you will be expected to attach the leaving certificate, the 'Attestation de Depart', from the OCP

Good luck with it

Phillip

Hi Phillip,

Thanks for your reply.

What if i move to another EU country? What happens in this case to my pension that i saved in Switzerland? I mean will it be transferred to me after my retirement or what is the procedure?

Thanks a lot for your advise,

Olga

Hi Olga

Well for sure you wont lose or forfeit the fnds in any way, they will just remain with the employers pension company.

At retirement age you will be able to convert the capital to an income (an annuity). I cant say whether you can take the capital instead, but if between now and retirement you are resident in a non EU country, you could try applying for the fund.

In the meantime you can also transfer it to a personal account (a vested benefit account), where you can have more choice over how it is invested.

Phillip

And some vested benefit acounts are based in canton Schwytz with has the lowest withholding tax in Switzerland (if you leave the country).