Do I need to pay tax on my vested benefits assets?
Updated
As long as your vested benefits assets are invested in a vested benefits account, there is no taxation of the assets or the associated income.
Withholding tax will apply if you leave Switzerland. In this case, you benefit from the attractive withholding tax of the canton of Schwyz (registered office of the vested benefits foundation of our provider).
If there are other reasons for the disbursement, please take note of the following:
Disbursement because you are becoming self-employed: In Switzerland, the taxes of the corresponding canton of residence apply. If you are domiciled outside of Switzerland, the attractive withholding tax of the canton of Schwyz applies (registered office of the vested benefits foundation of our provider).
Disbursement on the basis of the programme for promotion of home ownership (PHO): In Switzerland, the taxes of the corresponding canton of residence apply. If you are domiciled outside of Switzerland, the attractive withholding tax of the canton of Schwyz applies (registered office of the vested benefits foundation of our provider).
Transfer to another pension institution: No taxes are incurred. Taxes are not due until there is a payout.
Disbursement due to retirement: In Switzerland, the taxes of the corresponding canton of residence apply. If you are domiciled outside of Switzerland, the attractive withholding tax of the canton of Schwyz applies (registered office of the vested benefits foundation of our provider). Here it is crucial to note that only the total amount can be disbursed (no monthly pension payments and no partial payouts).