Capital payments

Capital payments are one-time lump sum payouts from retirement savings such as from your pension fund (2nd pillar), vested benefits account, or pillar 3a. The payment is reported by the insurance company to the ESTV. No income tax is levied on this amount, only separate capital payment taxes.

You withdrew CHF 150'000 from your pension fund upon retirement.

Provide the capital payment certificate issued by the pension institution. This is what the document looks like: A formal payout statement showing the total amount and payment date.