Viac Academy
2024: Pillar 3a maximum amount unchanged
Make the most of your tax advantages! You can deduct payments made into the pillar 3a retirement savings account from your taxable income. This lets you save on taxes now and set money aside for later to enjoy a worry-free retirement.
The maximum amount remains unchanged in 2024. The following maximum for pillar 3a deposits continues to apply:
With a pension fund: CHF 7’056
Without a pension fund (max. 20% of net income): CHF 35’280
How is the maximum amount calculated?
The maximum contribution in pillar 3a is directly derived from the BVG maximum. According to BVV 3, with a pension fund connection, 8% of the BVG maximum may be paid into Pillar 3a. Without a pension fund, it’s a maximum of 40%.
Maximum contributions for pillar 3a change every few years:
- In principle, Federal Council reviews every two years whether pensions need to be adjusted.
- This review includes the maximum AHV pension, which is CHF 29’400 per year.
- Three times this amount (CHF 88’200) corresponds to the BVG maximum.
The pensions are usually reviewed every two years by Federal Council, but can also remain the same over several years, such as 2015 to 2018. Below is an overview of the amounts of previous years:
| Year | With pension fund | Without pension fund |
|---|---|---|
| 2024 | CHF 7’056 | CHF 35’280 |
| 2023 | CHF 7’056 | CHF 35’280 |
| 2022 | CHF 6’883 | CHF 34’416 |
| 2021 | CHF 6’883 | CHF 34’416 |
| 2020 | CHF 6’826 | CHF 34’128 |
| 2019 | CHF 6’826 | CHF 34’128 |
| 2018 | CHF 6’768 | CHF 33’840 |
| 2017 | CHF 6’768 | CHF 33’840 |
| 2016 | CHF 6’768 | CHF 33’840 |
| 2015 | CHF 6’768 | CHF 33’840 |
| 2014 | CHF 6’739 | CHF 33’696 |
| 2013 | CHF 6’739 | CHF 33’696 |
| 2012 | CHF 6’682 | CHF 33’408 |
| 2011 | CHF 6’682 | CHF 33’408 |
| 2010 | CHF 6’566 | CHF 32’832 |
Your tax advantages in pillar 3a:
- 3a payments are deductible from taxable income – no more than the maximum amount may be paid in
- 3a retirement savings are exempt from wealth, income and Swiss withholding tax for the entire duration of the savings period
- 3a withdrawals are taxed at a reduced tax rate
- 3a assets can be used to finance owner-occupied residential property.