Finance/Banking/Taxation | Forum profile

Quote: sandaleen dear all - this is all way over my head, and i tried to search, but didn't find anything useful and to the point... we gave our paperwork to a very well recommended (and definitely not cheap) treuhand and received her package on friday afternoon, now we have some questions, but she's only at work on monday, so... we have some retirement annuities in south africa and also our previous pension funds were paid as lump...

Quote: btb Has it ever occurred to anyone else that practically every bank with international operations has a branch in Switzerland, but 99% of them are only of the wealth management type? This has always bugged me. ING, HSBC, Citibank, BoA, they're all here, but they just won't open up retail branches here. Even though, they have no problem breaking into virtually every other market like Germany, Turkey, or China. The only foreign...

Hi guys, had a nice chat last night with Denise Collin, she really is as mustard as everyone says. I will go and complete a tax return in January with her, I can claim back taxes paid on relocation bonus/accomodation (the part that was taxed too high). Also there's a chance I maybe able to claim back travelling costs to UK as I go back every 3 weeks to see my son and could be classed as a international commuter.

If you're not doing mega amounts, use the ATM.

If you're still permanently resident in Switzerland and your work is being conducted here then you shouldn't be subject to UK tax even if you're employed by a UK company and you're paid in GBP. Ditto claiming child benefit - in and of itself it won't affect your overseas residence status and exemption from UK income tax.

Quote: Goldtop Tax returns (at least in ZH) are analyzed using sophisticated software. High income but no assets is certainly alarmed. Such a return would be flagged and scrutinized. Ohhh, this might explain why I received the tax report and bill from the tax office only a week ago instead of May/September .. maybe they found my case very interesting too ... well after all, big spenders like me are the ones who keep the economy moving

Here is an interesting programme on Radio 4 on Tuesday on banks and their practices - 'Dark pools' and 'high frequency trading' - ominous! http://www.bbc.co.uk/programmes/b00nk55r

Quote: alfons ...in our case we do not appear to have residency since the only condition we meet is the 90 days but they are not all spent in Switzerland. Monica, Even 90+ days in CH would not be sufficient to establish CH residency under the tax treaty (Article 4, Section 3 and Article 23), since it (as you noted) trumps local statue (on both sides). Essentially, you cannot be deemed a resident of both states for tax purposes, and Art 4...

Quote: CorsebouTheReturn It means when opening, or regularly? I am checking your links it,s not so clear+ Also POSTFINANCE card you cant use ATM abroads...+ ATMs abroadNot possible Hm...my card has worked just fine in bank machines in the UK, US, Sweden, Netherlands, Spain, etc.

Thanks. Quote: Nev Maybe not relevant to you but for the record, there are special provisions which apply to UK sourced pension payments to UK nationals resident in Switzerland which mean payments are taxable only in Switzerland (even if this results in a lower rate than would have been payable in the UK) I have been getting my head around the Swiss pension system lately. Not sure if my new company is standard but both the employee and...