The Fisca account is the pillar 3a retirement savings account of UBS. By paying regularly into the 3a account, you save on taxes now and save up capital for your retirement later.
Save on taxes
Payments into pillar 3a are deductible from taxable income
The amount and date can be freely selected within the framework of the maximum amount
Possible, for example when buying your own home becoming self-employed
Pillar 3a retirement savings account at a glance
- Tax-exempt interest earnings (interest rate 0.2%)
- Free account management
- Free annual account statement
- Check your account balance and performance at any time
Good advice pays off
We’re glad to answer any questions you may have about pensions and will give you comprehensive advice – for example, on the following topics:
- How can I invest my money to get higher returns?
- How can I finance my own home with pension funds?
- How can I best plan my retirement to save on taxes?
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Our tip: Combine your pillar 3a retirement savings account with a custody account. Your money will be invested in a Vitainvest investment fund – which gives you the chance to see higher earnings.
Savings are tax-deductible in a pillar 3a retirement savings account and build up assets for your future. Anyone with an income subject to AHV contributions is authorized to make payments.
You yourself determine if and how much you want to pay into your pillar 3a account. However, pillar 3a is subject to a maximum amount, which is set annually by the Federal Department of Social Security.
Your own home is counted as part of your retirement provision. This is why you can also use savings from pillar 3a before reaching the AHV retirement age to finance home ownership – provided you move into the house or apartment yourself.
In terms of financing, you have the following options:
- you can withdraw your retirement capital and thus increase the equity when purchasing the residential property – or you can use it to pay off an existing mortgage.
- you can pledge your retirement capital as collateral for your mortgage.
You can also use the amount you have paid in annually to the pillar 3a account to indirectly amortize the debt on the mortgage. You benefit additionally from preferential interest rates on the pension fund savings and also save on taxes.
We’ll gladly show you in detail how you can finance your own home with retirement savings.
The capital you hold in a pillar 3a retirement account is bound by law until you retire – and the earliest you can access it is five years before you reach the AHV retirement age. Advance withdrawal, however, is possible if you
- buy or build your own home, which you move into yourself;
- would like to pay back debt on a mortgage for a residential property you live in yourself;
- become self-employed;
- leave Switzerland permanently;
- buy into a pillar 2 pension fund;
- draw a 100% benefit from the Swiss Federal Invalidity Insurance and the invalidity risk is not insured.
With a pillar 3a retirement savings account, you save on taxes several times over:
- deduct the annual paid-in amount from taxable income.
- the capital saved up is exempt from wealth tax until maturity.
- your interest earnings are tax-exempt.
- when your retirement savings are paid out, they are taxed separately from income at a reduced rate.
- by staggering your 3a withdrawals, you can keep your tax rate even lower.
Staggering in detail
As soon as you have your pillar 3a assets paid out, these will progressively be taxed. That means: the higher the amount, the higher the tax rate. For tax purposes, it makes sense to stagger your withdrawal instead of taking out one great sum of money. To do so, open a few pillar 3a retirement savings accounts with us. Then you can make withdrawals bit by bit before you retire.
Assumption for sample calculation: a person has paid the maximum annual amount of CHF 6,826 into pillar 3a for 30 years, is single and of Roman Catholic denomination, has no dependent children and resides in Olten (the staggered withdrawal of retirement assets is not handled in the same way in all cantons, which may lead to no or reduced tax savings in some circumstances. Due to the withdrawal of other retirement assets (e.g. from pillar 2), pillar 3a assets should not be withdrawn at the time of retirement. This will prevent an increased tax burden.
Your personal tax savings
A general calculation does not represent your individual situation. We’re happy to work out a tailored solution with you according to your wishes.