We used some of husband’s pension fund when we bought our property here. As we’ll be moving back to the UK and selling the property here how does it work to put that money back into the pension fund especially since he’s now receiving his Swiss pension. Is it paid back by the notary when the sale is finalised? We have to pay the fund the money back ourselves?
I think if you have reached pension age (not just receiving pension) you don’t have to reimburse. The obligation is written in the property register along with mortgages etc, so yes the notary will advise. If you pay back, you need to claim back the tax you had to pay when it was withdrawn for the purchase.
In these times of ultra low interest rates pension funds offer a good return.
I wonder if you even can pay it back after retirement. It would be an attractive option to pay back capital and get a 6.8% annuity on it (or whatever the rate is in your case).
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The conditions for pay back when we looked into it a few years ago was that the funds had to be paid back into the pension fund a minimum of six months before the retirement date if they were being paid back at all.
This may depend on the actual retirement fund in question, they probably all have their own criteria unless there is some kind of legal requirement for all of them.
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