New Zealand is robbing us of our Swiss pensions
Swiss expats living in New Zealand want to use Automatic Exchange of Information (AIE) to get a fair distribution of pensions in their adopted country, and they’ve persuaded one chamber of Swiss parliament to take up their cause.
For many people who have spent their lives grinding away at a job in Switzerland, the idea of retiring at 65 and heading for an island where the cost of living is low and a Swiss pension goes far is highly appealing.
But in some parts of the world, the reality is less than rosy. In New Zealand, for example, foreign retirement income is deducted from the local pension that a retiree receives.
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