Payout from vested benefits account Tax treatment
Hello
I was working in Switzerland from 2016 until the end of 2017 and was a cross-border commuter for tax purposes, as I was living in Germany.
After the end of my employment, my money from the pension fund was transferred to a vested benefits account.
I now intend to withdraw the entire sum for the purpose of buying a house.
The interesting question now is how this money is to be treated for tax purposes. The division into the mandatory and non-mandatory parts is already clear.
From my understanding so far, the mandatory part is taxed at the current tax rate of 80%, but what about the non-mandatory part?
Is it also a percentage or just the income part, i.e. interest? Where should these two parts be entered in the tax return?
Thank you
