The maximum amount for Pillar 3a tax deductions is adjusted annually. For 2023/24 it is as follows:
The federal government promotes saving under Pillar 3 by providing generous tax advantages, letting you save significant amounts on taxes while building your nest egg.
Pillar 3a in particular is considered to be a sensible measure for tax optimization and therefore saving.
Tax advantages of Pillar 3a:
Tax advantages of Pillar 3b:
Pillar 3 is ideal for saving money and providing for the future. A distinction is made between restricted pension provision (Pillar 3a) and flexible pension provision (Pillar 3b): Generally speaking, we recommend a combination of the two.
By opting for Pillar 3 from an insurance company, you are protecting yourself and your loved ones in the event of disability and death. In addition, with private pension provision from an insurance company, you are committed to making regular payments up to retirement age, which has a positive effect on the capital you accumulate as well as a compound interest effect. The differences are explained in detail in our article Building up a pension – a comparison of banks and insurance companies.
Do you have any questions, or would you like a no-obligation pension consultation? Our experts are there for you.
The purpose of the three-pillar pension system is to provide financial security for people in Switzerland in old age and in the event of disability or death.
By making voluntary payments into restricted pension provision (Pillar 3a) or flexible pension provision (Pillar 3b), you can close income gaps from Pillars 1 and 2.
Those who want to build their savings for retirement reliably and sustainably will fare best with targeted investments in diversified shares.