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Re: swiss-list: Pension funds in Switzerland

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From: Bela Ban (click for textversion of email address )
Date: Wed May 31 2000 - 10:45:17 PDT

Pierre-Edouard Runser wrote:

> If you do take your 2ème pilier out, you have to know that they will cut a
> nice fees part out of it (mine was about 40%). And if you wish to come back
> home sometime, you'll have to buy yourself back, and this is very expensive.
> The best way I guess is to invest in your own "retirement fund" and never
> take this money out. You'll get much more out of it in the stock market.
>
> Pierre

What's the 40% all about ? Taxes ? Can you recap them later ? Also, I don't
understand why you have to buy yourself back in. Is this mandatory ? Do you
have any sources that can confirm this ?
Thanks, 

--
Bela Ban
Fujitsu Network Communications
(408) 895-1732

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