News Taxes

Don't miss out on paying into your 2nd and 3rd pillar!

Pay into your Pillar 3a and make individual and flexible provisions for the future. At the same time, you benefit from lower taxes, as this reduces your taxable income.

The amount of the annual deposit can be chosen by you individually and is possible as long as you have an income subject to AHV/IV or income in lieu of employment. Even if you have several pension accounts, the total of all payments may not exceed the specified maximum amount. The following applies as the new maximum amounts for 2023:

Maximum amount for pillar 3a*

Employed with a pension fund CHF 7’056
Self-employed without a pension fund max. CHF 35'280 (max. 20% of net earned income)

Contributions into the 2nd pillar (pension fund)

Another way to save taxes is to make a fully tax-deductible contribution to your pension fund*. We will be happy to advise you personally about these options.

*Pillar 3a and pension fund (pillar 2) assets are exempt from wealth tax and the income is not subject to income tax. A lump-sum withdrawal is also subject to privileged taxation. A withdrawal as a pension, on the other hand, is fully taxable.

Our advice for you

Take advantage of this opportunity and place the payment order for the deposit into your pillar 3a by the end of November. In order for the amount paid in to be deducted from your 2023 taxes, it must effectively be booked on your 3a account in the calendar year 2023.

If you are considering a purchase into the pension fund, contact your pension fund by the beginning of November so that you have enough time to initiate this.

For individual advice or further information, please contact Barbara Bucher or Carmen Hofmann, Mandate Manager Tax Private Clients. steuern.NP@fineac.ch

WHAT we do is not unique, but HOW we do it.

Kathrin Kühn, 2 October 2023

Keywords: Tax, Tax return, saving tip, pillar 3a, 2nd pillar