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Swiss pension

TomLloyd_ReadTomLloyd_Read Member
in Technical stuff

Hello all

A bit niche, but we have a client who has returned to the UK after many years working in Switzerland. He has a Vested Benefit Account (2nd Pillar). I know he can now take the full amount as a lump sum, less exit tax, but can't work out whether the benefits, less tax, can be transferred to a UK scheme. Pictet, the manager says it can't be transferred anywhere, and a lump sum is the only option, but a couple of dubious looking websites suggest it may be possible.

Anyone looked into this before and have a view? Would be nice to keep the money in a UK pension as it is more than £2.5m!

Thanks

Tom

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