Private pension provision is becoming more and more important, especially Pillar 3. It's easy to save taxes in Pillar 3a: Pay in the maximum amount to Pillar 3a by December 31 and secure tax benefits of up to CHF 2,000.
Employed persons can make voluntary contributions into their private pension provision – Pillar 3a – and at the same time reduce their tax bill considerably. Last year, an employee earning CHF 80,000 achieved tax savings averaging CHF 1,462. Self-employed persons without a pension fund can even save about 10 times as much.
Calculate your savings potential online with our tax savings calculator.
If you start paying in the maximum statutory amount regularly - year for year - from the age of 35, you can save around CHF 40,000 in taxes by the time you reach retirement. For the self-employed, it can be CHF 300,000 or more.
And, for every franc you pay in, you benefit again in old age when it is repaid but only taxed at a moderate special tax rate. In times when questions are being asked about the future of our Swiss old-age provision, there is no disputing that Pillar 3a makes good sense.
Tax deduction limits for payments into Pillar 3a by 31.12 at the latest: