Save right for your retirement and save on taxes
With the right planning, you can save on taxes both when paying into your pension fund and when withdrawing from it.
Voluntary payments into your pension fund can generally be deducted from your taxable income. Ideally these additional purchases should be staggered over several years. This will allow you to save more on taxes than if you had made a one-time contribution. However, be aware that you cannot withdraw from your pension fund, e.g., to buy a self-occupied residential property or as retirement income, for three years after you make an additional purchase. If you do so, the tax benefits of the additional purchases will be annulled.
Depending on your canton, you can save a lot of money by drawing on your retirement savings in stages, for example, to repay the mortgage on your home or when you retire. This way you can avoid paying higher rates of tax. You should thus try to stagger the capital withdrawals you make from your pillar 3a account, pension fund or, if applicable, vested benefits foundation. One way of doing this is by holding multiple pillar 3a accounts.
Pension fund rules often allow for semi-retirement. Continuing to work part-time can also have tax advantages, with many cantons allowing you to make two lump-sum withdrawals.
If you plan on moving home when you retire, check whether your tax situation is better where you are now or at the new address. Your income and wealth taxes are generally calculated according to where you are living on 31 December of a given year. By contrast, lump sum withdrawals from your pension fund or pillar 3a savings are taxed according to where you are living when the money is paid out.
You will also need to review and plan withdrawals of retirement savings if you decide to move abroad.
Three steps to your worry-free retirement
The goal of our retirement advice is to ensure that you can enjoy a worry-free retirement. Our pension specialists examine your situation and help you to plan your retirement strategy and implement a concrete plan of action.
Understanding your requirements
Our first meeting is about listening carefully to you. We want to understand your personal and financial goals for the future.
Analyzing your financial situation
Next we analyze how your income, assets and tax situation will change over time and how this will impact your goals.
Drawing up a retirement strategy
Based on this knowledge, we sit down together and draw up a tailored retirement strategy and a concrete plan of action.
Can we help you on your journey?
- Experienced pension specialists
- Personal advice
- Retirement strategies tailored to your individual needs
Our specialists are here for you – we look forward to hearing from you.
Because a personal conversation is worth a lot
What can we do for you? We’re happy to address your concerns directly. You can contact us in the following ways: