Moving to Switzerland often marks a professional milestone and at the same time the beginning of complex decisions. New tax conditions, different pension systems and unfamiliar legal structures are met with high expectations. Our expat counselling ensures that you not only arrive, but that you feel secure and well-positioned right from the start.
Switzerland offers attractive but challenging framework conditions. Taxation, social security, pension solutions and international asset relationships must be properly harmonised. We create transparency, optimise structures and assist you with integration into the Swiss tax and pension system.
In principle, you do not have to submit a tax return with a B permit up to a gross income of CHF 120,000, but are taxed at source. Whether a subsequent ordinary tax assessment makes sense should be checked individually in each situation.
Contributions to pillar 3a are deductible from taxable income. However, if you are not subject to regular tax assessment, i.e. you do not have to submit a tax return, you cannot deduct these contributions. If you have an income of more than CHF 120,000, contributions to pillar 3a are a good way to optimise your savings. Whether an insurance solution or a traditional bank solution should also be considered on an individual basis. Beware of unnecessary insurance policies!
In principle, you may only use a B- and C- Authorisation can also acquire residential property in Switzerland. However, certain points must be observed and certain notary's offices/offices request additional documents, especially for the B permit.
In principle, yes. Here, too, the situation must be examined individually and the vesting period for a later withdrawal must be taken into account in particular. This blocking period also applies if you wish to withdraw the extra-mandatory portion when you leave Switzerland,
QROPS - (Qualifying Recognised Overseas Pension Scheme)
UK pension assets can be transferred to Switzerland tax-free under certain conditions. The prerequisites are residence in Switzerland, a minimum age of 55 and assets of at least CHF 100,000. Pension assets are taxed significantly lower in Switzerland than in the UK, which is why a transfer can be particularly worthwhile for people who wish to spend their retirement here and manage their pension assets on a consolidated basis in Switzerland.
Previously, the transfer was relatively straightforward as long as the receiving Swiss organisation was registered with the UK tax authority (HMRC). The stricter rules mentioned above now apply.
FINBERG will be happy to advise you on the possibilities and conditions for QROPS transfers to Switzerland.
