You can deduct payments made into the pillar 3a retirement savings account from your taxable income. This lets you save on taxes now and set money aside for later.
The following maximum amount applies for 2018
- For beneficiaries with a pension fund: 6,768 Swiss francs
- Without a pension fund: 33,840 Swiss francs (max. 20% of net income)
3 practical tips for your retirement provision
Payments into pillar 3 are worth it. You can save hundreds of francs depending on your place of residence and how much you paid in. The more you pay in annually, the more taxes you save.
Our tip: Transfer a monthly fixed amount to your retirement savings account instead of paying one larger sum at the end of the year. The best way to do this is by standing order – that way you don’t have to worry about anything.
If you have a second or even a third retirement account, you can withdraw your money later in staggered amounts and, depending on the canton, save on taxes again when the savings are paid out.
A rule of thumb: If you have saved up roughly 50,000 francs in a pillar 3a retirement savings account, it makes sense to open another one.
If you're already a client of ours, you won't even need to come into a branch – you can open a retirement account yourself in e-banking.
A custody account is the ideal complement to the retirement savings account. Your money is invested in stocks, bonds and real estate. That way you have a higher earnings potential over the long run.
Don't miss the payment deadline
Allow us to remind you of the payment deadline – this way you will also be immediately informed of the current applicable maximum amount.