Author Topic: Switzerland: How should I buy index funds here?  (Read 87821 times)

Grog

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Re: Switzerland: How should I buy index funds here?
« Reply #300 on: January 17, 2017, 04:43:19 AM »
Yes. 100% sure. Example of an acc etf:
https://www.ictax.admin.ch/extern/it.html#/security/IE00B4L5Y983/20161231

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FIeuropeanstyle

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Re: Switzerland: How should I buy index funds here?
« Reply #301 on: March 20, 2017, 07:50:53 AM »
Yes. 100% sure. Example of an acc etf:
https://www.ictax.admin.ch/extern/it.html#/security/IE00B4L5Y983/20161231

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Hi Grog, thanks for your clear response. I see now that Swiss tax residents need to declare this funds on the "full tax declaration". I am "taxed at source" with  a B permit. Accordingly I only make a simplified version of the tax declaration and have no place to declare any funds or etfs. That is why I believe I do not have to pay tax on the acumulation etfs. Do you happend to know if people taxed at source still need to pay taxes on accumulation etfs ? I will try to contact the cantonal tax office anyway. 

nugget

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Re: Switzerland: How should I buy index funds here?
« Reply #302 on: March 21, 2017, 02:08:19 PM »
hey FIeuropeanstyle,
I advise you to directly call the "Kantonales Steueramt". At least in Zurich, they are very helpful and give precize answers to such questions.

I also advise you to use the swiss mustachian forum http://forum.mustachianpost.com/
more swiss traffic there than here :D

chestwood96

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Re: Switzerland: How should I buy index funds here?
« Reply #303 on: March 27, 2017, 12:17:57 PM »
I am not sure if this fits within this thread, but I kind of need some help.

When I got my tax form, I logged in to my investment accounts (Tuewealth and a DIY one with Saxo) and was pleasantly surprised that they are doing way better than expected (I know short-term gains are meaningless but it still feels pretty great). I downloaded the tax thing from Truewealth as usual and inserted the values according to the instructions.

When it came to the DIY account however I was pretty overwhelmed, there are so many reports I can generate and so many numbers I can get. Luckily my portfolio is very simple 80% Vanguard FTSE All-World UCITS ETF and 20% USB ETF SPI Mid and there only were 2 transactions each. I am fairly sure it has to go into the "Wertschriftenverzeichnis" (at least the SPI Mid) but I do not know how exactly. Could somebody point me into the right direction. A censored example might help a lot.

samuck

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Re: Switzerland: How should I buy index funds here?
« Reply #304 on: March 27, 2017, 12:45:39 PM »
Hi chestwood96, just did my taxes, so I know ;-) Both ETFs belong in your Wertschriftenverzeichnis, at their market value per year-end as they are part of your taxable net worth. It's quite easy: you will find the ETFs by searching the ISIN number in the respective field. Enter your purchases throughout the year, and the online tax tool will even calculate dividends. These are considered income, so you will be taxed on them. Hope that helps!

chestwood96

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Re: Switzerland: How should I buy index funds here?
« Reply #305 on: March 27, 2017, 01:31:26 PM »
Hi chestwood96, just did my taxes, so I know ;-) Both ETFs belong in your Wertschriftenverzeichnis, at their market value per year-end as they are part of your taxable net worth. It's quite easy: you will find the ETFs by searching the ISIN number in the respective field. Enter your purchases throughout the year, and the online tax tool will even calculate dividends. These are considered income, so you will be taxed on them. Hope that helps!
Well that was a lot easier than expected, thank you very much.
I definitely underestimated that tax software.
Now for write-offs and stuff, taxes are still a pain in the ass.
It is probably not going to be that expensive though since i just get paid a "big boy" salary since August.

Stashing Swiss-style

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Re: Switzerland: How should I buy index funds here?
« Reply #306 on: March 28, 2017, 06:07:37 AM »
Hi Chestwood96 - how are you finding Truewealth?  I'm about to launch myself into the world of investing and they are my chosen target.....

chestwood96

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Re: Switzerland: How should I buy index funds here?
« Reply #307 on: March 28, 2017, 06:42:36 AM »
Hi Chestwood96 - how are you finding Truewealth?  I'm about to launch myself into the world of investing and they are my chosen target.....
To be honest I stopped investing in it after I started the DIY one. The main reason for that was the lack of control(I decided to use the stocks + cash investment strategy and truewealt does not allow 100% stock).

But exept for it massively underperforming the FTSE AW it is a great platform, it also seems fairly foolproof.
On the other hand I am probably the wrong person to judge this as my decisions are based on math that is probably wrong.

I am also pretty shure I had a thread abou this last year.