3rd pillar

Swibeco continues to innovate by allowing you to transfer the value of your Swipoints directly on your account 3rd pillar. Assure(insure) your future while saving(sparing) until 2 ‘ 000 CHF of tax a year!

DETAILS

Pension plans: Besides the state AHV (1st pillar) and occupational pensions (2nd pillar) you can also save for your retirement by contributing to a private pension plan (3rd pillar).

S’agissant de la prévoyance vieillesse privée, on distingue entre le pilier 3a et le pilier 3b:

pilier 3a – prévoyance individuelle liée ouverte aux salariés comme aux travailleurs indépendants:
Les versements sont déductibles du revenu imposable dans la limite d’un plafond. Il s’agit d’une forme de prévoyance liée, ce qui signifie que l’avoir n’est disponible qu’à certaines conditions.

pilier 3b – prévoyance individuelle libre (ou « non liée ») ouverte à tous:
Les versements ne sont pas plafonnés. Mais le pilier 3b présente moins d’avantages fiscaux que le pilier 3a.

Paying into the 3a pillar – Maximum annual contributions

Anyone earning an income can pay a set amount into the 3a pillar pension plan with their bank or insurance company. This amount can be deducted from your taxable income in your tax return. A distinction is made between:

people without an occupational pension plan (generally self-employed), who can pay in a higher amount or

people already paying into an occupational pension plan (generally employed).

The maximum amount that can be paid in is set each year by the Federal Social Insurance Office and published on its website. In 2018 employed persons with an occupational pension plan can pay a maximum of CHF 6’768 into the 3a pillar. Self-employed persons without an occupational pension plan can pay in up to 20 % of their annual earned income, but a maximum of CHF 33’840.

The annual contribution must be booked into the relevant pension account by the end of the year in question. Be sure to take account of the holidays and make the payment in good time. Detailed information can be obtained from your pension fund or your bank/post office).

Pensioners who continue to work can still pay into a pension plan up to five years after reaching the official retirement age.

You can still pay in the maximum deductible amount even if you are unable to work for a time (e.g. due to military service, unemployment etc.).

You do not have to pay wealth tax on your pension plan savings. Nor do you have to pay income tax or withholding tax on interest and capital gains.

3rd pillar withdrawals

You can only withdraw money from a 3a pillar pension plan before reaching retirement age if you want to use it to buy or build a residential property, go abroad to live permanently, or set up your own business.

You can also withdraw your savings if you are unable to work and you draw full invalidity benefit.

You can withdraw money from your pension fund up to five years before the official retirement age, but the full amount must be withdrawn by this time. If you continue in employment,  you must withdraw the full amount up to five years after the official retirement age. Contact your third pillar scheme for the amount of money saved and the terms of withdrawal.

There are no special conditions regarding 3b pillar private pension funds.

If you withdraw funds from a 3rd pillar pension plan before you reach the official retirement age, these will be taxed at a much lower rate and separately from other income. There is a one-off tax which corresponds to the amount that you would pay in one year on this income, however, it is calculated at a reduced rate..

Source : https://www.ch.ch/en/3rd-pillar/