[Mystic]

Now that Postfinance has published its rates for 01.07, are you going to change platforms?

For my part, as a small trader, I quickly did the calculation: one trade per year at more than CHF 5000 and it's still cheaper than the competition!

[Mystic]

Congratulations on the new site!

[Mystic]

So if you want a guaranteed capital in case of a problem in life or death, you need risk insurance. That is to say an annuity to cover the loss of salary (in case of disability) with a capital in case of death. Contact me by PM if you want concrete figures.

For tax deductions, don't mix everything up:
– 3a with guaranteed capital at the end of the contract + in the event of death: at most you pay 6768 per year with a tax reduction of roughly 2,000 CHF. The balance of CHF 4,500 is not lost, since the amount is invested in particular in the savings part (which would be invested in funds, for example). When the capital is withdrawn, the amount is taxed at a preferential rate.
– life insurance risk: in Fribourg, you can also deduct the 3b premiums at the cantonal level. But given your canton of residence, there is not much difference between a 3a and 3b, given the amount of the premium.

For my part, I won't hide from you, I took out risk insurance (annuity + death) and the balance, I invest in the stock market over the very long term in order to have capital when I retire.

[Mystic]

Since I am in life insurance, I can answer you without further ado 🙂

I advise you to put part of your budget into a life insurance linked to funds. Ideally in the form of 3a to save taxes. This way, you benefit from the average purchase price, because you will have an investment period of more than 10 years. The advantage is that you are sure to have at least an insured capital at the end. If the stock market has risen, you receive more than the insured capital. If the stock market has crashed, you receive the insured amount. For this purpose, I can make you a free offer without obligation. Just contact me by PM.

Besides that, you can put the other part of your budget in an investment of your choice. Just don't forget that you take the full risk of the stock market prices. So much the better if it goes up, but it's annoying if it goes down. An unpredictable event can always happen (September 11, Lehmann Brothers crash, etc.), but that's the game of the stock market.

I therefore advise you to put part of it into life insurance and another into a stock market product of your choice in order to combine security and flexibility.

[Mystic]

Not only does it depend on the canton of residence, but the child's place of residence can also influence. Because some countries do not have a tax agreement. Result, double taxation (as with France because it denounced a treaty).

The easiest way is to contact the tax authorities of the deceased's canton.

[Mystic]

I am just discovering this post and am currently filling out the document in question.

Having shares in Germany, I fill out the form for the authorities of our northern neighbor. It is indicated, as documents for the tax authorities, that one can attach the bank statement of the dividend payment. So the PDF document that one receives after the dividend payment is sufficient. In any case, we need this document later for the tax return.

So you just have to make a copy of the document sent to the Swiss tax authorities and send it with the request. It's not complicated and much cheaper than asking for such a statement from the banks.

Since this is the practice of the German authorities, I see no reason why the EU authorities should not also accept the same document. For the USA, as mentioned above, we already have such a form with the tax declaration.

[Mystic]

So with me, using the informal “tu” is possible 🙂

At Postfinance, it's a matter of habit. If you use the e-banking of Migros Bank, you will find many similarities. Note that PF has not changed the graph of the e-trading part much.

For DKB: from the point of view of the tax declaration, they send a statement electronically at the beginning of January. You have the possibility to request the version by post, but it is subject to not excessive fees (off the top of my head, less than 5 EUR per sending knowing that customers domiciled abroad always cost more). Note that customer service is available 7/7 and 24/24!! Rare thing for a bank these days. But when you think that you can trade for 10 EUR (fixed, including taxes and other fees) per trade regardless of the volume, it's incredible! All without deposit or custody fees. This is particularly interesting if you want to trade companies listed on the DAX, see the Mdax and the Techdax. As soon as you leave the German stock exchange, the fees are high. I therefore advise you to open the account if you want to acquire shares in Germany.

If you do the tax return by a computer program, you enter the values in EUR and the system automatically calculates the exchange rate. If you do it manually, there is a table on the average annual rate. You have to take this rate.

For binck.be, I had no problems at all. On the contrary, it's very easy. And they have the advantage of speaking French. The trading fees are quite reasonable and they have a large choice of financial centers, not to mention that the exchange rate is rather advantageous (current rate + 0.45%). In Switzerland, it's rather "current rate + 1.25% (minimum)". For the tax return, no idea, I've been a customer there for a few months. But I asked for the electronic contact option when opening the account.

Note that they have a direct number without dialing 1, 2, 3 depending on the department you want to have. So when I called for a question, it only rang once and someone was already taking care of me! Normally, SEPA payments are made in 48 hours. I asked Binckbank to make a payment to my Postfinance account. I made the request at 9am, at 12pm, I had a text message from Postfinance telling me that the amount had already been recorded! They do an excellent job!

[Mystic]

For my part, I am a fan of Munich Re. A German Reinsurer that has never decreased its dividend in 60 years! The dividend is around 5% at the current price while the share price has increased by 30% since November 2014! And the half-yearly figures they released last week exceeded the most optimistic expectations: + 2.5% at the end of the day after the results were announced!

[Mystic]

Very true Jérome. And for the 7,500 CHF for free account management and also on all accounts combined (e-trading, 3a, savings, etc.). So we get there quickly.

[Mystic]

If you deposit part of your 3a with Postfinance, you have reached CHF 7,500 and you therefore have free deposit.

At Postfinance, if you buy foreign shares, you will not participate in the meetings because you are not registered with the register, but you receive the dividends. As for European foreign banks, they are just as safe (I recommend German banks), since they are required to pass the crash test and in the event of a bank bankruptcy, the equity of the shares is not affected.

I have Fortuneo in France too, but the tax certificate is sent in April! While German banks send them at the beginning of January.

[Mystic]

We must not forget that any bank will charge fees. Then, there are those who make nice margins or others who charge on a flat rate basis.

For my part, I opted for Postfinance. I am a small investor who does not trade every day. So given my volume of activity, I believe I have a good product. On top of that, the deposit is free.

As with Postfinance, there are different advantages as soon as you have 25,000 CHF in the account, I also take this parameter into account to choose my choice on this bank. Afterwards, it is up to each person to see the needs they have according to their expectations (fees, clarity of statements, etc.)

However, for overseas stock purchases, I have chosen to go through overseas banks whose fees are low (even on US markets) and whose deposit fees are free. On the other hand, the counterpart wants the retrocessions to go back to the bank, but I consider this normal if there are no deposit fees (the bank has to finance itself somewhere).

[Mystic]

DSwissK said

Good morning,

Do you know of any other companies besides ZURN that provide "dividends" (actually capital contribution reserves) that are not subject to (Swiss) tax?

You have a list here: http://www.fintool.ch/steuerfreie-dividenden (in German, but at the end of the video a list appears)

[Mystic]

For my part, I have several accounts:

– Postfinance (great for hold&buy) but does not announce your name in the shareholder register abroad. So no voting rights but dividends are still paid

– DKB.de: German site with non-existent custody fees. Just ridiculous transaction fees (10 EUR). Cons: when you sell a security, the money is not immediately in the account but within 48 hours and it is cheaper than on the German market (Xetra, Frankfurt, Berlin, Hamburg, Munich, etc.)

– Fortuneo: French site that also offers free deposit. Not tried yet, because in the meantime, the stock market has become very volatile. cheap on the French, Belgian and Dutch market.

I am looking at VZ Bank because the deposit fees are quite low and the transaction fees are flat regardless of the amount. We have more markets available.

Another possibility: cash.ch (partner of bank2plus). They speak French. Fixed deposit fees of 80 CHF per year up to 100,000 and flat rates for transaction fees: http://www.cash.ch/fr/banque/placements/fonds-de-placement/conditions

[Author]

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