![]() This is mainly possibly if you have taken out Pillar 3 as an insurance policy rather than as bank fund.Ĭompany pension schemes follow more rigid rules, those between Switzerland and EU/EFTA countries. In some circumstances it may even be an option to maintain the Pillar 3a plan to benefit from the insurance and some Swiss Franc savings in Switzerland. It is therefore often advisable to cash the pillar 3a shortly before departure, and have it taxed at the very favorable Swiss tax rates on capital payments. When this should be undertaken may be a question of timing, as many countries levy taxes on a lump-sum payment from a Swiss private pension fund. When should you cash your Pillar 3a funds? ![]() These plans are not coordinated under the Swiss-EU or any other social security agreements, so for this reason they are treated in a simple way: if someone decides to leave Switzerland and permanently live abroad - no matter where - Pillar 3a plans can be cashed. ![]() Many Swiss taxpayers operate a Pillar 3a plan (private pension) with a bank or an insurance company. However, there are situations where these funds (or a part of them) can be accessed at an earlier stage. Leaving Switzerland with the intention to live abroad afterward is one of these events.
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