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Don't miss the contribution into your 2nd and 3rd pillar account
Save taxes by paying into your 2nd and 3rd pillars and thereby reducing your taxable income.
Annual payment into your pillar 3a
Pay into your pillar 3a account and make individual and flexible provisions for the future. At the same time, you benefit from lower taxes, as your taxable income is reduced.
You can choose the amount of your annual deposit individually and it can be made as long as you are gainfully employed or receive unemployment compensation. Even if you have several retirement accounts, the sum of all payments may not exceed the maximum amount. The maximum amount for the year 2021 is as follows:
Maximum amount of pillar 3a*
- Employed with a pension fund CHF 6'883
- Employed without a pension fund max. CHF 34'416 (max. 20% of net income)
*The accumulated pillar 3a and pension fund savings and the income on them are exempt from income and wealth taxes.
Payment into the 2nd pillar (pension fund)
Another way to save taxes is the fully tax-deductible purchase into your pension fund. We will be pleased to advice you personally on these options.
Our advice for you
Take this opportunity and place the payment order for the deposit into your pillar 3a account by the end of November 2021 at the latest. Only amounts payed in the calendar year 2021 can be deducted from the tax return 2021.
If you consider buying into the pension fund, make the clarifications with your pension fund insurance company by the end of November at the latest. That leaves them enough time to organize everything.
For individual advice or further information, please contact Cornelia Hager, head of Tax department for private clients. hager@fineac.ch
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Kathrin Kühn, 18 October 2021
Keywords: Tax, Tax return, saving, pillar 2 account, pillar 3 account
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