There are lots of small puzzle pieces on retirement I am starting to think about. I read several posts here related to withdrawal of 2nd/3rd pillars but still the “orchestration” of the many steps is somewhat unclear.
Let’s say I plan on retiring at 60 years in a country outside EU/EFTA without income taxes (meaning I will fully leave Switzerland) and I am trying to find out what would be the best process (mainly regarding the 2nd pillar). I plan on cashing out the whole 2nd pillar.
The first option is to just announce to my company/Pensionskasse that I quit my job. My 2nd pillar will then be transferred to a vested benefits account in Schwyz for instance. Then I leave Switzerland. Later I can cash out to a Swiss bank account (paying the Schwyz taxes).
As an alternative I could announce to my company/Pensionskasse that I “retire early”. Probably at that stage I have to tell them what my plans are for the 2nd pillar withdrawal. I want to cash out all so the Bern taxes on capital withdrawal apply. Not sure, but I might have an option to remain somehow in the Pensionskasse until regular 65 (getting a Rente then at 65)!? Not something I initially thought of but is somehow an additional option.
→ Do these options make sense to you? Option #1 seems cheaper!?