Tax Advantages with Pillar 3a

Contributions to Pillar 3a can be deducted from taxable income. Depending on income, place of residence and tax rate, this can save a significant amount – often several hundred to several thousand francs annually.

Example:

With a taxable income of CHF 90,000, a contribution of CHF 7,258 can lead to tax savings of CHF 1,000 to 2,500, depending on the canton.

Conclusion:

Contributing to Pillar 3a is a simple and efficient way to privately save for retirement – and save on taxes at the same time. Those who contribute the maximum amount annually benefit twice.

When can you change the deductible (health insurance)?

A change of deductible, whether an increase or decrease, is possible at the beginning of each year. Switching to a higher deductible in particular can help reduce monthly premiums.

For the change to be valid, certain deadlines must be met:

• Increasing the deductible: The application must reach the health insurer in writing by December 31 at the latest.
• Decreasing the deductible: An earlier deadline applies here – health insurers require the application by November 30 at the latest.