Irrevocable Trust

An irrevocable trust is a trust which cannot be terminated by the trustor after the trust deed has been completed. Once an irrevocable trust has been created, the trustor has no power to terminate or alter the trust or to repossess their assets. The trust becomes a contract between the trustee and the trust beneficiary only.

In Switzerland, an irrevocable trust is considered the property of the beneficiary. A withholding tax is levied on assets which make up the trust fund. This withholding tax can be reclaimed if the beneficiary is a tax resident of Switzerland.

See also: Revocable trust

Special offers for Moneyland users

Moneyland Special Offers

Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Benefit now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Robo Advisor

Findependent

  • CHF 4000 free of charge with code "moneyland"

  • Free electronic tax statement

  • Sustainable investments

Profit now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Special offers for Moneyland users

Moneyland Special Offers

Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Benefit now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Robo Advisor

Findependent

  • CHF 4000 free of charge with code "moneyland"

  • Free electronic tax statement

  • Sustainable investments

Profit now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Deal of the Day
×
Swiss Broker

Saxo Bank Special Offer

Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

Learn more See all deals
Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at moneyland.ch.

Information

About moneyland.ch

 

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs. The guarantee of independence applies.

Compare Asset Management Services

Company
Users
Banks & Telecom
Insurance & Pensions
SSL
Swiss Made Logo
reCAPTCHA protected by
reCAPTCHA

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. Contact us