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New maximum contribution for Savings 3a
To ensure that you make the largest possible tax savings, the maximum amount should be paid in:
- CHF 7,056 for individuals with a pension fund
- 20% of earned income up to a maximum of CHF 35,284 for individuals without a pension fund
«Paying in the maximum amount for Savings 3a right at the start of the year rather than just before Christmas at the year-end gives you not only the tax benefit but also a year longer to benefit from higher returns.»
Bruno Stocker, Occupational Benefits Consultant at Zuger Kantonalbank
Go about Savings 3a in the right way
- Payments into Pillar 3a can make sense even with smaller amounts. What ultimately makes the difference is not just the interest or other types of return, but above all how long and how regularly payments are made.
- If you are only looking to take advantage of the tax benefit and are not investing your 3a savings, paying in the maximum amount at the start of the year gives you an additional year of interest.
- If you want to invest your 3a assets, stagger your payments on a monthly basis by paying through a standing order. By spreading your payments in this way you will even out any losses over the year.
- Open several 3a accounts so that staggered withdrawal is possible.
- The savings in question can be used for the acquisition of owner-occupied residential property.
- The 3a assets can also be used for embarking on self-employment.
If you emigrate from Switzerland permanently, the tied 3a assets can be withdrawn early.