Swiss Pension and Tax Declaration

Switzerland’s pension system consists of 3 pensions (referred to as pillars). The first two are mandatory pensions and working individuals are contributing proportionally on an annual basis. The third pillar is an optional pension that one can pay into; to help bridge the gap for a pension shortfall. The two forms are called pillar 3a and pillar 3b.

In order to motivate their citizens, Swiss government allows everyone to deduct pillar 3a contributions from their taxable income. Payments into pillar 3a accounts have a cap, which is fixed by government annually. Though self-employed persons without a second pension scheme are allowed to pay up to 20% of their annual net income, with a cap which is yearly reviewed. The amount of tax deductions vary in each Canton. You can access your pillar 3a assets in different situations such as becoming self-employed, purchasing a property or in certain cases in the event of disability.

Contact us in order to provide you with a personal quotation for getting on your pillar 3a as well as if it is needed the complete tax declaration documents in any Canton you are living. Any questions? Get in touch with us.