For this year, the maximum amounts for pillar 3a have been increased again. The following amounts apply for the 2023 tax year:
CHF 7,056 for insured persons and employees with a pension fund
CHF 35,280 or max. 20% of net income for self-employed persons without pension fund.
Until when can I pay into the pension account?
Payments must be received in the retirement savings account by December 31, 2023 at the latest in order to claim the tax deduction for 2023.
Is it worth paying into pillar 3a?
Paying into pillar 3a is definitely worthwhile. Depending on where you live and your income, you can save several hundred francs, because the amount paid in each year can be deducted from your taxable assets. Furthermore, the assets remain exempt from any wealth tax during the term of the plan. Interest and capital gains on the income also remain tax-free.
If you would like personal advice, please contact us at info@findea.ch.
