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 were able to save about 10 times as much.
Calculate your savings potential online with our tax savings calculator.
If, as an employee, you start paying in the maximum statutory amount regularly - year for year - from the age of 35, you can save around CHF 40,000 by the time you reach retirement. For the self-employed, an amount of CHF 300,000 and more can be saved – without actually spending a single franc. And every invested franc benefits the payer in old age when it is repaid but only taxed at a very moderate special tax rate. There can be no doubt that this makes sense – especially in times of uncertainty concerning our Swiss retirement provision.
The money saved is additional retirement money. For the gainfully employed, you can save enough every year to finance a vacation. Anyone who can afford the necessary sum is doing the right thing by paying in the maximum amount deductible from taxes every year into Pillar 3a.
Tax deduction limits for payments into Pillar 3a by 31.12. at the latest: