Retiring in Switzerland: Complete Guide for Expat Retirees

Explore resources on Expats List. Switzerland ranks as the second-best country to retire in the world in the Natixis 2020 Global Retirement Index.

Explore resources on Expats List. Learn about planning your retirement in the beautiful Alpine country through the following sections:

• Retiring in Switzerland

• Who can retire in Switzerland?Non-EU/EFTA nationals in Switzerland

• Non-EU/EFTA nationals in Switzerland

• Pensions in SwitzerlandTransferring an international pension to SwitzerlandTaxes on retirement in Switzerland

• Transferring an international pension to Switzerland

• Taxes on retirement in Switzerland

• The best places for expats to retire in SwitzerlandCanton of VaudCanton of ZurichCanton of ZugCanton of Appenzell Ausserrhoden

• Canton of Vaud

• Canton of Zurich

• Canton of Zug

• Canton of Appenzell Ausserrhoden

• Services, organizations, and clubs for older expats in Switzerland

• Wills and inheritance in Switzerland

• Healthcare for pensioners in Switzerland

• Other support for pensioners in SwitzerlandMake sure you’re comfortablePlan for an adventureEnjoy the feeling of safetyImmerse yourself in society

• Make sure you’re comfortable

• Plan for an adventure

• Enjoy the feeling of safety

• Immerse yourself in society

• Useful resources

Cigna Global

Explore resources on Expats List. Are you 60+ and looking for private international health insurance? Speak to the healthcare professionals at Cigna Global today and find a policy that’s right for you. They have a global network of doctors, specialists, therapists, and more with tailor-made coverage for seniors. Before starting a new chapter of your life, get peace of mind with Cigna Global.

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Retiring in Switzerland

Explore resources on Expats List. Switzerland ranks among the top countries for quality of life, 5th in Numbeo’s 2025 Mid‑Year Quality of Life Index, a very low crime rate, and one of the best cities for the wealthy, Zurich. It also offers political and financial stability, a strong social security system, and very low overall pollution and high air quality (Pollution Index 24.27; Air Quality score 78.79). So, it’s no wonder expats seek the good life here. And for those looking to enjoy their retirement, few places beat the scenic Alpine nation. We’ll explain why in this handy guide.

Who can retire in Switzerland?

Explore resources on Expats List. Fortunately, Switzerland has a relatively open policy for retirees wishing to settle in the country. That said, foreign nationals require Swiss residency to retire there. The requirements vary depending on your nationality and the Swiss canton you wish to live in.

Explore resources on Expats List. If you are over the age of 55 and not working, you can apply for a residency permit. You must show proof that you are financially self-sufficient and have accident and health insurance. You must also have a tie to Switzerland, be that through family, property, business, or financial investment.

Explore resources on Expats List. Switzerland is divided into 26 cantons or regions, which have autonomy over immigration in their area. This means that each foreigner must have their residency approved by the relevant Swiss canton office. For citizens from the European Union (EU) or European Free Trade Association (EFTA, Iceland, Liechtenstein, and Norway), the process is relatively straightforward due to bilateral agreements for freedom of movement.

Explore resources on Expats List. Living

Explore resources on Expats List. Swiss cantons: a guide to Switzerland’s regions

Explore resources on Expats List. EU/EFTA nationals can stay up to 90 days without a permit; for longer stays, they must register as a person without gainful employment with the appropriate cantonal authority.

Non-EU/EFTA nationals in Switzerland

Explore resources on Expats List. Unlike EU/EFTA nationals, third-country nationals planning on retiring in Switzerland must meet different parameters. This sometimes means that getting Swiss residency can be more difficult. Generally speaking, non-EU citizens who are older than 55 years old can apply for a Swiss residence permit. Applications must be done through a Swiss consulate or embassy where you live.

Explore resources on Expats List. To be granted Swiss residency, non-EU citizens must prove that they have the following:

• adequate financial resources to support their life in Switzerland

• valid Swiss accident and health insurance coverage

• proof that they are no longer pursuing gainful employment

• they can demonstrate a close connection to Switzerland; such as frequent trips, family members living in the country, past residency, or real estate. Note that simply owning Swiss property is sometimes not enough to demonstrate close ties to the country.

Explore resources on Expats List. Each case is dealt with on an individual basis and the decision is down to the discretion of the cantonal office and your individual circumstances. You can find more information about obtaining a Swiss residence permit on ch.ch, a Swiss government website.

Explore resources on Expats List. Housing

Explore resources on Expats List. Buying a home in Switzerland

Explore resources on Expats List. After residing in Switzerland for 10 continuous years, retirees can then apply for a settlement or Swiss permanent residence permit. Update to the current minimum residence period (10 years) for ordinary naturalization and cite SEM; note help withd timelines where applicable. However, applicants must show that they have integrated socially, linguistically, and culturally in Switzerland.

Pensions in Switzerland

Explore resources on Expats List. A vital part of retiring in Switzerland is ensuring that you have an adequate pension income to support yourself while living there. Individuals who have worked at least one full year in Switzerland and have contributed to the basic state OASI (Old Age and Survivor’s Insurance), or AHV (Alters-und Hinterlassenenversicherung in German), may be eligible to draw a state pension in Switzerland.

Explore resources on Expats List. This can be drawn on reaching the legal retirement age in Switzerland. The reference retirement age is 65; transitional provisions apply for women born 1961–1969. Early OASI withdrawal (up to two years) remains possible. However, the amount will depend on the number of years and the funds that have been contributed. It may also be possible to withdraw money from occupational or private pension insurance schemes in which you have participated.

Explore resources on Expats List. In terms of early retirement in Switzerland, those who have contributed to their AHV pension can withdraw it one to two years ahead of time. However, employees who have an occupational pension can only retire early if the regulations of their pension fund allow it. While the earliest retirement age in Switzerland is set at 58, exceptions do exist, and you can read more about this in our guide to the Swiss pension system. If you haven’t lived and worked in Switzerland, or don’t meet the minimum qualifying period for AHV, then you must support yourself financially by other means.

Explore resources on Expats List. If you’re receiving pension income from abroad, you’ll likely need to manage funds in multiple currencies. This is particularly important if you receive pensions in USD, GBP, or EUR while living in Switzerland where you’ll need CHF for daily expenses. A multi-currency account, such as the multi-currency account, can help you hold and convert between currencies using the mid-market exchange rate with transparent fees, which may be more cost‑effective than some banks; always compare total costs (rate + fees) before choosing a provider.

Explore resources on Expats List. Services offered on this publication are provided by the multi-currency service Payments Limited, an institution licensed in the United Kingdom by the FCA.

Transferring an international pension to Switzerland

Explore resources on Expats List. A major concern for expats retiring in Switzerland is accessing their foreign pensions. However, it is possible to transfer overseas pension funds to Switzerland, and this includes state pension and personal pension funds. That said, your pensions may be subject to certain Swiss tax implications. It can also affect certain pension benefits you might receive if you stay in your home country. For example, UK pension credits are not payable in Switzerland. If you are an expat retiring to Switzerland from the United States, then double taxation may also apply.

Explore resources on Expats List. Living

Explore resources on Expats List. Swiss social security and claiming benefits

Explore resources on Expats List. To transfer a state pension, you need to notify your pension authority of your change in address. Transferring an EU/EFTA state pension to Switzerland from many countries is possible. If your pension is from outside the EU/EFTA, however, then it may take longer to coordinate your pension payments. For occupational and private pension investments, many providers won’t pay another country. In fact, they may even impose restrictions if you move abroad.

Explore resources on Expats List. However, there are still options if you cannot transfer your pension payments abroad. For instance, you could retain a bank account in your home country where you receive your pension and then transfer funds to Switzerland as needed. You can read more about this in our guide on how to open a Swiss bank account.

Explore resources on Expats List. When making regular pension transfers between countries, it’s important to consider currency conversion costs. Banks often add a markup to exchange rates and charge transfer fees, which can significantly reduce your pension income over time. Using a specialist money transfer service like These services can help you save on these costs. With the service, you can transfer money internationally using the mid-market exchange rate. The multi-currency account also allows you to hold over 40 currencies in one place, which can be particularly useful if you receive pension income in one currency but need to spend in CHF. You can convert between currencies when the exchange rate works in your favor, and use a multi-currency debit card to spend in Switzerland without additional conversion fees. Learn more about multi-currency account on their website.

Explore resources on Expats List. Alternatively, you could transfer your pension investments into an offshore pension scheme, such as a Qualifying Recognized Overseas Pension Scheme (QROPS), which is available for British nationals. However, these schemes must be approved by the UK tax authority, HM Revenue and Customs (or HMRC).

Explore resources on Expats List. Offshore pension schemes also offer flexibility for accessing your funds. These may also have more lenient regulations, such as withdrawing funds before the Swiss retirement age. They also negate you from buying into an annuity fund and can be withdrawn as lump sums. Also, they offer favorable tax benefits such as no double taxation and lower inheritance tax.

Explore resources on Expats List. Switzerland has a range of financial service providers, such as Chevrolet Consulting, who can help manage your wealth for your future and that of future generations.

Chevrolet Consulting

Explore resources on Expats List. Retiring in Switzerland? Navigating pension rules can be complex. Chevrolet Consulting provides expert advice on occupational benefits and administration. Marcel Chevrolet offers comprehensive guidance, personalized planning, and tax-saving strategies to make your transition to retirement run smoothly.

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Taxes on retirement in Switzerland

Explore resources on Expats List. Switzerland’s status is, in essence, a tax haven. The country has relatively low tax rates, which can make your pension income go a bit further. That said, it is important to understand the Swiss tax system and the tax system in other countries where you have pension funds. Typically, once you move to Switzerland, you must declare your worldwide assets that are subject to Swiss taxes.

Explore resources on Expats List. Switzerland recognizes pension income as taxable income. The tax rate depends on the canton you live in and the sum of your pension income. Notably, the country has a number of agreements in place with many countries that prevent double taxes on pensions. In this case, taxes only apply in the country of residence.

Explore resources on Expats List. As a foreigner, you can also pay a lump-sum tax when entering Switzerland. This allows individuals to request that their Swiss taxes to be based on an estimated living allowance for expenses; as opposed to their actual income and net wealth which is taxed at the current rate. However, this isn’t available in all cantons, and those which forbid it include Zürich, Schaffhausen, Appenzell Ausserrhoden, Basel-City, and Basel-Land.

Explore resources on Expats List. Retirees in Switzerland may also be subject to other Swiss taxes, such as inheritance and gift tax and capital gains tax on wealth and assets. However, again, much of this depends on the canton. Fortunately, though, the transfer of wealth through inheritance is tax-free to spouses in all cantons. This is also usually the case with offspring and direct ancestors. Also, while capital gains tax generally applies to profits from real estate, it doesn’t typically apply to capital from stocks or bonds.

The best places for expats to retire in Switzerland

Explore resources on Expats List. Switzerland has a lot to offer retirees who have sufficient funds to enjoy its services. But despite being one of the more expensive countries to live in the world, some Swiss regions are cheaper than others. You can read our guide on the best cities in Switzerland for expats for more insight. But here are some of the most popular cantons where retirees choose to settle.

Canton of Vaud

Explore resources on Expats List. If you want to live in a picturesque part of Switzerland, but not too far from a big city, then Vaud is a great choice for retiring in Switzerland. Located in the French-speaking part of Switzerland, the city of Lausanne sits on the coast of Lake Geneva with all the convenience of Geneva just a 45-minute drive away; yet still offers the peace and tranquillity of rural life.

Canton of Zurich

Explore resources on Expats List. If finances aren’t an issue, then the city of Zurich and its surrounding regions deliver an outstanding quality of life, which, according to the most recent Mercer Quality of Living City Ranking, is surpassed only by Vienna. Boasting some of the best healthcare and cultural attractions in the country, Zurich is also accompanied by a moderate climate with cool winters and warm summers; making it highly appealing to expats.

Canton of Zug

Explore resources on Expats List. Although it is one of the smallest cantons in Switzerland, Zug delivers breathtaking natural scenery and some of the lowest tax rates in the country, making it the ideal place for retirees planning for an affordable and quiet retirement.

Canton of Appenzell Ausserrhoden

Explore resources on Expats List. Another small canton that is bursting with opportunities is Appenzell Ausserrhoden. Surrounded by mountains and lakes, affordable housing, low crime rates, and great healthcare, this is a top choice for those looking to retire in Switzerland.

Explore resources on Expats List. Of course, there are many beautiful places to live in Switzerland, which each offer their own unique qualities and charm, depending on the kind of lifestyle you are looking to enjoy in the country.

Services, organizations, and clubs for older expats in Switzerland

Explore resources on Expats List. Luckily for expats, there are plenty of English-speaking communities in Switzerland that can help you adjust to Swiss life, whatever your age. The American International Club of Zurich, for instance, is a wonderful organization that helps members integrate into their new community. They host regular networking events and offer many opportunities for members to volunteer in their local community. The Swiss Rotary Club is another wonderful option that can help expats foster new friendships by attending weekly meetings and building international relationships.

Explore resources on Expats List. Of course, it can take time to find your place and integrate with the locals, so one of the best options is to get involved with local groups that share your interests. Meetup and expat groups on Facebook are also great resources. There are also numerous expat groups throughout Switzerland that focus on everything from learning languages to visiting the theatre.

Wills and inheritance in Switzerland

Explore resources on Expats List. If you retire in Switzerland and pass away there, you may be subject to inheritance tax. However, this is generally tax-free to spouses and your children. Individuals from countries with bilateral agreements with Switzerland, on the other hand, may have to pay inheritance tax in their home countries instead.

Explore resources on Expats List. Finance

Explore resources on Expats List. Inheritance tax in Switzerland: rules for estates

Explore resources on Expats List. You should also check which inheritance laws apply to your assets. Usually, if you have a will that has been drawn up in your country of citizenship, even if it covers assets in Switzerland and worldwide, the Swiss authorities will defer to the law of the country of nationality. There are exceptions, however, so seeking legal advice from a professional when drawing up your will is always a good idea.

Healthcare for pensioners in Switzerland

Explore resources on Expats List. Switzerland has world-class healthcare, which is an attractive selling point for expats retiring in Switzerland. However, this comes at the expense of compulsory Swiss health insurance, which all official Swiss residents must get. Typically, foreign nationals must prove that they have valid accident and health insurance when applying for a Swiss residency permit. After your residency is approved, you have three months to purchase compulsory health insurance and accident insurance upon entering Switzerland.

Explore resources on Expats List. After registering for Swiss health insurance, you will need to make monthly payments. Your insurance stipulates your annual deductible amount. Swiss health insurance also includes a retention fee, whereby the individual must contribute 10% towards the insurer’s cost. This caps at CHF 700 for adults and CHF 350 for children per year. Individuals also need to pay hospital contributions of around CHF 15 per day.

Explore resources on Expats List. Healthcare

Explore resources on Expats List. Best health insurance quotes in Switzerland

Explore resources on Expats List. The price of Swiss health insurance can vary widely; especially if you choose to purchase supplementary health insurance that may cover you for treatments that aren’t included in the basic health insurance. In addition to health insurance, all Swiss residents must have accident insurance to cover medical costs in the eventuality of an occupational or non-occupational accident. While employees typically get coverage from their employer, non-working individuals must take out a personal insurance policy and pay a monthly premium; or add it as a supplement to a private insurance plan.

Other support for pensioners in Switzerland

Explore resources on Expats List. For more details on Swiss healthcare for retirees, you can read our guides to healthcare and health insurance in Switzerland. The Swiss government also provides information on benefits under basic insurance and accident insurance, along with tools to help you find authorized insurance companies in your canton. To fully enjoy retiring in Switzerland, it is important to prepare your move in advance, keeping in mind the following tips:

Make sure you’re comfortable

Explore resources on Expats List. Through its rich culture, great outdoors, benefits, and great healthcare, Switzerland offers retirees a fantastic quality of life. However, the country has a high cost of living, particularly in Zurich, Geneva, and Bern. So before you make a final decision to move there, consider if your budget allows a comfortable Swiss retirement.

Plan for an adventure

Explore resources on Expats List. There is an abundance of beautiful places to see and exciting festivals to visit in Switzerland. The country’s convenient location in central Europe also means that you have an array of great destinations on your doorstep. Also, the great outdoor Swiss lifestyle will help you to keep physically fit and healthy.

Enjoy the feeling of safety

Explore resources on Expats List. Switzerland is also one of the safest places you can live, with very low crime rates and political stability. This is particularly true of Zurich, Basel, and Bern, which are some of the safest cities in the world. You can read more about Switzerland’s crime rates and legal system in our guide. You can also read some surprising facts about Switzerland to discover the big impact this small country has.

Immerse yourself in society

Explore resources on Expats List. Moving abroad can leave expats feeling culture-shocked, isolated from their grandchildren abroad, and lonely to begin with. But integrating into the local community and finding ways to overcome your problems is a great way to settle in. Whether you join a sports group, Swiss language school, or an expat community, the possibilities are endless, so enjoy!

Frequently Asked Questions about Retiring in Switzerland

Do I need a Swiss bank account to retire in Switzerland?

Explore resources on Expats List. While having a Swiss bank account can make daily life easier, it’s not strictly mandatory for residency. However, you will need a way to access and manage money in Switzerland. Some expats choose to keep their primary bank account in their home country and use international transfer services or multi-currency accounts to manage their funds across borders.

What’s the most cost-effective way to transfer pension money to Switzerland?

Explore resources on Expats List. Specialist money transfer services can often be more cost‑effective than banks. Compare rates and fees across providers for your needs. Services like the multi-currency service use the mid-market exchange rate and charge transparent fees, which can save you significantly compared to the markups and fees that some banks may apply. Compare providers before making transfers. For regular pension transfers, these savings can add up considerably over time.

Can I hold money in multiple currencies while living in Switzerland?

Explore resources on Expats List. Yes, you can hold money in multiple currencies while living in Switzerland. Multi-currency accounts, such as the multi-currency account, allow you to hold over 40 currencies in one place. This can be useful if you receive pension income in different currencies or maintain financial ties to your home country. You can convert between currencies as needed and use a debit card to spend in CHF without additional conversion fees.

What are the tax implications of transferring pension funds to Switzerland?

Explore resources on Expats List. Pension income is generally considered taxable income in Switzerland, though the exact tax rate depends on your canton of residence and the total amount. Switzerland has tax treaties with many countries to prevent double taxation. It’s advisable to consult with a tax professional who understands both Swiss tax law and your home country’s regulations to ensure compliance and optimize your tax situation.

Can I access my pension before Swiss retirement age?

Explore resources on Expats List. This depends on the type of pension and the regulations of your pension provider. While AHV pensions can be withdrawn one to two years early (with reduced benefits), occupational pensions in Switzerland can only be accessed early if your pension fund’s regulations allow it. For foreign pensions, you’ll need to check the rules of your specific pension scheme. Some offshore pension schemes, such as QROPS for UK nationals, may offer more flexible access to funds.

Useful resources

• ch.ch, the official Swiss government website which provides detailed information about retiring in Switzerland

• ch.ch, a government guide on preparing for retirement in Switzerland

Explore resources on Expats List. Disclaimer:

Explore resources on Expats List. Services offered on this publication are provided by the multi-currency service Payments Limited, an institution licensed in the United Kingdom by the FCA.