OSA advice

I would like to arrange for my second pillar vested pension benefits to be paid out. Is that possible if I live abroad ?

This depends on whether or not you live in an EU or EFTA state. A ­second pillar lump-sum payout is generally not possible for persons residing in an EU/EFTA state if they are subject to mandatory insurance against the risks of old age, invalidity and death in their country of residence. Self-employed persons can arrange a second pillar payout if their country of residence does not provide for mandatory insurance against the aforementioned risks for the self-employed.

Anyone living outside an EU or EFTA state can request the lump-sum payout of their second pillar vested pension benefits. However, it is advisable to find out whether this option is available from the pension fund at an early stage. The pension funds can refuse a cash payout if the person concerned has already reached the age at which the pension fund provides for the option of early retirement.

The second pillar capital can also be used to pay for the purchase, construction or renovation of owner-occupied property or to repay a mortgage. This also applies if the property is situated in an EU or EFTA country.

The supplementary part of the second pillar can always be paid out. However, in the event of a lump-sum payout of vested pension benefits, it is advisable to take out an insurance policy against the risks of invalidity and death.

OSA Legal Department

OSA’s Legal Department provides general legal information on Swiss law, in particular in the areas that concern the Swiss Abroad. It does not provide information on foreign law and does not intervene in disputes between private parties.

Comments (1)
  • S.Estermann
    S.Estermann at 24.01.2015
    Ich habe mir das Pensionsgeld, 2.Säule, vor kurzem auszahlen lasse n ohne Probleme (nicht EU-Land). Als Dankeschön wurde mir ohne Ankündigung einfach das Schweizer Konto inklusive Schweizer Kreditkarte gekündigt. Dies als Vorwarnung und Information für alle, die nicht so negativ überrascht werden möchten. Natürlich möchte ich weiterhin ein Schweizer Konto haben für Besuche und Bezahlung freiwilliger AHV, Tipps willkommen.
    Show Translation

Write new comment

Comments are approved within one to three days. The editorial team reserves the right not to publish discriminatory, racist, defamatory or inflammatory comments. Our detailed comment rules are available here.

The Alps – as well as other mountain ranges – were first regarded as aesthetically appealing and “noble” during the course of the 18th century. Caspar...

Read more

The once gigantic fortifications in the Swiss Alps have been taken out of military use. But their legend lives on. ­The previously top secret bunkers...

Read more

They are highly talented, very determined and 15 to 18 years of age. And they all want just one thing – to win in the Prix de Lausanne. We look at why...

Read more

Switzerland is involved whenever history is made in outer space. This was most recently illustrated by the spectacular journey of the ­Rosetta space...

Read more

Auslandschweizer Organisation
Alpenstrasse 26
3006 Bern, Schweiz

tel +41 31 356 61 10
fax +41 31 356 61 01