Pillar 3a lets you save taxes while making provisions for your retirement income. This private pension option is open to anyone resident in Switzerland, subject to tax payment and who is gainfully employed.
- You can save as part of pillar 3a with life insurances, retirement savings accounts or retirement custody accounts
- Save tax from your very first payment into a 3a pension solution
- Provision contributions / premiums are deducted straight from your income on your tax return, which means it is really worthwhile paying in the maximum amount every year
Capital saved in pillar 3a will be paid out at the earliest five years before you reach the official retirement age. In certain circumstances, you can withdraw capital earlier (for example, if you want to start a company or purchase residential property).