Financial Planning

Pillar 3a Explained: How to Save on Taxes While Planning for Retirement

Jan 31, 2025

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💡 What is Pillar 3a?


Pillar 3a is a voluntary private pension plan that complements Switzerland’s social security system. It lets you save money for retirement while reducing your taxable income.


✅ Why it matters

  • Contributions are tax-deductible up to CHF 7,056 (2025).

  • Earnings on 3a accounts are tax-free until withdrawal.

  • It’s flexible: you can choose between banks or insurance providers.


💰 When you can withdraw it

  • Retirement (five years before the official age)

  • Buying a home for personal use

  • Becoming self-employed or leaving Switzerland


⚙️ FileTax tip

When you file with FileTax, it automatically includes your 3a contributions and calculates how much you’ve saved in taxes — no manual entry needed.

💡 What is Pillar 3a?


Pillar 3a is a voluntary private pension plan that complements Switzerland’s social security system. It lets you save money for retirement while reducing your taxable income.


✅ Why it matters

  • Contributions are tax-deductible up to CHF 7,056 (2025).

  • Earnings on 3a accounts are tax-free until withdrawal.

  • It’s flexible: you can choose between banks or insurance providers.


💰 When you can withdraw it

  • Retirement (five years before the official age)

  • Buying a home for personal use

  • Becoming self-employed or leaving Switzerland


⚙️ FileTax tip

When you file with FileTax, it automatically includes your 3a contributions and calculates how much you’ve saved in taxes — no manual entry needed.

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