Pension issues.

Swiss NewsNbr. 1999, October 1999

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Summary


Switzerland

The kind of retirement savings approach or type of investment that is most appropriate for Swiss citizens who wish to retire depends on several factors. These are the locale where they are going to spend their retirement, age upon retirement and amount of money required to support the desired post-retirement lifestyle. Taxes are one of the biggest concerns that must be anticipated and addressed in retirement planning. Consulting an independent financial adviser at least six months before retiring can help taxpayers to structure their finances in the most beneficial manner.

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Pension issues.

The Swiss pension system is geared towards retirement after a "normal" Swiss working life of 40 years of paying contributions both into the state pension (AHV/AVS) and into a company pension scheme. Most expats only spend a part of their working life in Switzerland and therefore at retirement age will often be lacking at least a few...

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