Carefully plan and save on taxes!
The periodic contributions to Pillar 3a, made within the framework of the Federal Law on Occupational Old Age, Survivors' and Disability Pension Plans (BVG), are tax-deductible. The maximum contribution amounts for the tax year 2024 are legally limited as follows:
The annual maximum contribution for individuals affiliated with a second pillar pension plan is CHF 7'056.
For individuals not affiliated with a second pillar pension plan, the annual contribution is 20% of earned income, up to a maximum of CHF 35'280.
Retirees can contribute up to five years after reaching the official retirement age, provided they remain employed. Even with a temporary interruption of employment (military service, unemployment, etc.), the right to a tax deduction remains. No wealth tax is due on the retirement assets, and interest and capital gains are exempt from income and withholding tax.
The annual contribution must be credited to the retirement account by the end of the respective year.
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