Withdrawing from pillars 1, 2, and 3

Finance, Taxes, Banking, Insurance and Retirement
1
I (non-EU moving to the UK) have been trying to make sense of withdrawing from the pillars (& going through the posts here), so this is how I understand (however, please could you correct me if I am wrong?).

1. Pillar 1: Contact AVS/AHV. Two options:

i. It is possible to withdraw some part of the amount I paid via taxes (4.8% out of the total 10.25%). This would be sent to my UK account (as my Swiss account would have to be closed by then).

ii. It is also possible to keep this here, but if so, I can tap into it only after I turn 64.

2. Pillar 2: Two options:-

i. Withdraw entire amount, via my current pillar 2 account, to a UK account. Taxes would be low.

ii. Move entire amount to a vested benefits account in CH. If withdrawing later for buying a house elsewhere, taxes would be higher.

(and optional 3rd step is a modification of withdrawing the entire amount to Schwyz and then transferring it to UK)

3. Pillar 3:

Only option is to withdraw entire amount to a UK account.

However, I have been getting conflicting info from people outside EF - esp. that pillar 1 cannot be withdrawn and pillar 2 option ii will not be taxed higher if withdrawing at a later point. If the taxes are high at a later point, I would much rather follow step 1.

Please could you check if the steps above are correct?

2

Sorry for bumping up an old thread but this topic is interesting to me too. What do we mean by “taxes would be low” in this context? I believe Switzerland has a double taxation agreement with the UK and while one could withdraw the entire amount they are still subject to UK taxes which are far beyond “low”.