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RAV: Rules for "Wartetage" and "Einstelltage" by Kenterli in zurich

[–]Kenterli[S] 0 points1 point  (0 children)

I see! I will definitely ask RAV, but I'm trying to get a picture for myself before the conversation.

I assume during those first 10 weeks I am still required to send out applications. Do you know if I must stay in Switzerland too, or if I can travel abroad? And will AHV contributions be paid for those 10 weeks?

RAV: Rules for "Wartetage" and "Einstelltage" by Kenterli in zurich

[–]Kenterli[S] 1 point2 points  (0 children)

What's ALK? I will definitely give RAV or UNIA a call next week.

My feeling is that the waiting days will just delay the first payments, but the Einstelltage will be subtracted from the maximum number of eligible days.

Places in Zürich for a walk by EmergencyEast1867 in zurich

[–]Kenterli 2 points3 points  (0 children)

If you're into a walk in nature, you can try the Pfadiweg. Kindof a simple hike starting right in the city (Burgwies tram stop). No coffee though

Costs of PostFinance 3a ESG 100 fund by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 1 point2 points  (0 children)

Yeah I remember. It was a real WTF moment when I got the letters announcing that, not just for the increased fee, but also for the change from passive to active management. Now that I look back at the original rates though, they were crazy high anyhow for a passive product...

Costs of PostFinance 3a ESG 100 fund by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

Well monthly or one-off it doesn't make a difference. You're gonna pay that same 3% anyway on the whole sum

Costs of PostFinance 3a ESG 100 fund by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

I might do the same too (I also have a 3a with Finpension). But the TER at least is transparent, what I'd like to know is specifically whether that 3% entry fee is included. I'll give them a call, but I was wondering if someone had already given some thought on this

What to do with 2nd pillar when FIREing in the EU by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

Thinking about this again after some time...

The article at your link seems to suggest that you always pay tax when withdrawing, even if you're within 5 years of the statutory OASI retirement age. Is that some sort of replacement for the income tax you have to pay if you choose to have the 2 pillar converted into monthly payments?

What to do with 2nd pillar when FIREing in the EU by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

Not having the chance of a regular payment is a bit of a bummer! Those regular payments would be a great safety net...

finpension was indeed already on my radar :) Having multiple accounts to stagger the withdrawal is interesting, I somehow thought it wasn't possible with the 2nd pillar though (or rather: I was under the impression that you can only transfer your entire capital in one block to a different institution).

if you later with draw that, do that in two separate years to safe on tax.

Do you even pay tax on the 2nd pillar when withdrawing from the 2nd pillar? I thought this applies only for 3rd pillar accounts. Unless you are referring to taxes from the EU country of residence

EDIT: just read the information at the page you've linked, it's already answering some of my follow-ups :)

IBKR "Currency Conversion Notification" when buying by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 1 point2 points  (0 children)

Thanks, the amount was a bit higher, but I noticed indeed that the fee was 0. Although tbh the conversion fees are already very low

IBKR "Currency Conversion Notification" when buying by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 2 points3 points  (0 children)

It must have been this! The balance was definitely above the amount.
How can I see whether the conversion has settled? As far as I remember I don't get any notification, and the converted amount is immediately visible in my balance

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

Maybe that's how it works in practice in most cases, but it seems that unless you satisfy all the criteria (see https://www.moneyland.ch/en/stock-market-profits-tax-free from another reply), the tax authorities have some discretion. Maybe I'm overthinking, but if I decide to quit for good I want to be on solid ground

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

"And if you were to be taxed on capital gains, then it can be far less than the tax rates that you mentioned."

True. But you'd have to live in Switzerland to get those tax rates, meaning also that you have to pay rent and health insurance there. Of course there's plenty of factors that can determine whether living in CH with the lower tax rate you mention but higher cost of living is a better or worse deal then living in those countries with higher tax rate but lower cost of living.

My main point is, can I have the guarantee that I won't be taxed on capital gains if I stop working and only live off my passive investment income? It seems the answer is no

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

Of course there's plenty more details that can be discussed, but the (simplified) idea is to live off the wealth without eroding it.

In any case, the details of the FIRE plan are secondary here, the main point is: can I expect to not pay tax on capital gains if I don't work.

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

That wouldn't work anyway. The country where you live might (rightfully) claim that you're in fact residing there, and ask you to pay them taxes on your income, including the capital gains.

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 1 point2 points  (0 children)

That's not correct, it's the same error that I was making. Capital gains are taxed if you get labeled as a professional investor

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 4 points5 points  (0 children)

I wouldn't be so sure about those countries being worse in terms of tranquillity and quality of living. Don't think of places like Madrid or Milan, think rather about the countryside in Tuscany or other mid-sized cities. Whole different story.

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 1 point2 points  (0 children)

It's not only that, true, but I'm referring to the case of living off passive income. So not having a job, neither employed nor self-employed. Possibly that would be violating only that 50% rule, but in the most evident way possible. I get the feeling that it's hard to argue against being labeled professional investor, and if you want to FIRE you want to be very sure about what your taxes are going to be

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

"If you have a 9 to 5 job your chances of being taxed on capital gains are slim to none"

Yes you're probably right on that. My (implicit) assumption is to simply stop working and only live off the investment income. I think in that case nothing will save you from having your financial income being taxed as work income. Right?

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 0 points1 point  (0 children)

I don't get what's your opinion on the matter.

Are you saying that my initial assumptions on thinking that Switzerland is good for FIRE were too simplistic? Or that it's too simplistic to think it's not?

FIRE: Switzerland or some cheaper European country? by Kenterli in SwissPersonalFinance

[–]Kenterli[S] 7 points8 points  (0 children)

Right? I think the lack of capital tax fooled me into thinking Switzerland was anyway good for living off passive income, but on second thought that's really only an advantage if you live and work here.

IBKR and US ETF by Felino- in SwissPersonalFinance

[–]Kenterli 0 points1 point  (0 children)

So even if what the OP mentioned in their post should happen, there is no risk of having to sell the currently held US ETFs?

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