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Where Taxpayers and Advisers Meet

What to do with a Swiss Pension

MickyV
Posts:16
Joined:Fri Jul 10, 2015 8:04 am
What to do with a Swiss Pension

Postby MickyV » Wed Dec 27, 2017 2:34 pm

A friend really has no clue how to start looking at a Swiss pension she has.
Now age 47, she is English but grew up and worked in Switzerland until she was 30, when she moved to England. She built up CHF 60.000 of benefits in what she thinks is a Pillar 2 pension, and believes it is now in a Vested Benefits Account at a bank, earning no interest. Is she able to bring this back to England and, if so, how would it be taxed? Can she maybe transfer it to a UK pension? Or bring it back as cash and avoid immediate taxation by putting it into a UK pension?
If anybody can help, that would be great.

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