{"id":8604,"date":"2023-09-17T18:19:01","date_gmt":"2023-09-17T16:19:01","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/withdraw-from-a-vested-benefits-account-save-taxes-on-withdrawals\/"},"modified":"2025-03-30T15:16:59","modified_gmt":"2025-03-30T13:16:59","slug":"withdraw-from-a-vested-benefits-account-save-taxes-on-withdrawals","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/withdraw-from-a-vested-benefits-account-save-taxes-on-withdrawals\/","title":{"rendered":"Withdraw from a vested benefits account: Save taxes on withdrawals"},"content":{"rendered":"Lesedauer<\/span> 4<\/span> Minuten<\/span><\/span>\n

Many people withdraw their vested benefits account at normal retirement age. But how can you save tax on withdrawals from a vested benefits account? Discover important changes with the AHV21 reform in the article. <\/p>\n\n\n\n

Withdraw from a vested benefits account and save taxes on withdrawals<\/h2><\/div>\n\n

As with pillar 3a, you can still withdraw your assets from a vested benefits foundation before or after the normal AHV retirement age. This means that you can withdraw vested benefits<\/a> from the age of 60 (for men and women from the age of 59). However, by law you can also postpone the withdrawal until you are 70 at the latest (men, or 69 for women). <\/p>\n\n

It is now even possible to defer the withdrawal if you are no longer gainfully employed. Each account must be closed as a whole. Partial withdrawals from the account are therefore not possible. <\/p>\n\n

But, why the heck should I withdraw my vested benefits account later than possible? \ud83e\udd28 Well, you guessed it: the taxes. It may be worth withdrawing your vested benefits account later so that you can save tax on the withdrawal. This is because you do not have to pay tax on the income from your vested benefits account or vested benefits custody account, neither as income nor as assets. Capital tax<\/a> is only payable on withdrawal. So why not collect tax-free income for a little longer? <\/p>\n\n

You can also break the tax progression<\/a> with a staggered withdrawal. I have shown you how you can save tax on withdrawals by staggering them in this article<\/a> in the section “How many pillar 3a accounts make sense?”. <\/p>\n\n

Deferring the withdrawal of your vested benefits account was therefore previously a very smart and legal way to withdraw money from your pension in stages.\ud83d\udcaa <\/p>\n\n

Withdraw vested benefits account with AHV reform 21<\/h2><\/div>\n\n

However, as part of the AHV21 reform, the Federal Council decided to amend the Ordinance on the Free Movement of Persons. Outch. At its meeting on December 9, 2022, the Federal Council decided<\/a> that the AHV reform will enter into force on January 1, 2024. The deferral in the Ordinance on the Free Movement of Persons (Article 16 para. 1) will be adjusted to the same date: <\/p>\n\n

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“Retirement benefits from vested benefits policies and vested benefits accounts may be paid out at the earliest five years before reaching the reference age. They fall due when the reference age is reached. If the insured person can prove that he\/she is still gainfully employed, he\/she may defer the payment of benefits for a maximum of five years after reaching the reference age.” <\/em><\/p>\n<\/blockquote>\n\n

Okay, so? This means that a deferral beyond the reference age is now restricted to people who actually<\/em> continue to work<\/em> after 65. \ud83d\udee0\ufe0f So now you really have to keep on ironing to be allowed to defer your pension. <\/p>\n\n

The good news is that this change will only come into force after a transitional period of five years on January 1, 2030. This means that if you reach your regular AHV retirement age between 2024 and 2029, you can postpone the withdrawal of your vested benefits account for a maximum of five years, even if you are not gainfully employed. However, you must withdraw your vested benefits account by December 31, 2029 at the latest. <\/p>\n\n