News for British Expats in Switzerland

British Expats in Switzerland should be aware of their UK pension funds.

If you are living in Switzerland and planning to retire in Switzerland (or elsewhere outside of the UK), you should move your UK pension funds abroad.

If you leave your funds in the UK, and you are retiring, you will pay UK tax on your pension withdrawals. If you move your pensions offshore you only pay Swiss tax.

Also be aware of the following.
Your UK pension fund is not automatically the fund of your loved ones. In case you die, there is a heavy UK taxation of 55% for the person inheriting your money. By moving your funds outside of the UK you can avoid this and be sure that your family is well protected.

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All individual situations are different. Get free independent pension advice from one of our experts.
Want to know more about your specific tax benefits and advantages?
Send your questions to expatquestions@gmail.com

or read more about:
Swiss property or the Swiss pension system.