The legislature specifies a maximum amount you can pay into your Pillar 3a every year.
People who are affiliated with a pension fund through their employer, and who make the corresponding contributions, may pay in a maximum of CHF 7,056 for the year 2023. Self-employed persons or persons who do not reach the BVG entry threshold (annual income of less than CHF 21,510.–) are allowed to pay in 20% of the taxable income, up to a maximum of CHF 35,280 for the year 2023.
In order for your deposit to be deductible from income tax for the current fiscal year, it should be transferred to your Inyova account no later than the 27. December, 2 days before the last bank working day of the year (29. December). Since there is always the risk of booking delays, it is advisable to transfer the amount already mid-December. This avoids any possible delays and ensures the tax deduction for this year.
Kindly note, that a transfer of an existing pillar 3a can take up considerably more time. You can find more information here.
Good to know:
- If you do not live in Switzerland or do not have an income that is subject to OASI (old-age and survivors' insurance) you can only transfer the saved capital of an existing pillar 3a to Inyova.
- If your personal situation should ever change (e.g. you change your employment relationship from a salaried position to self-employment), just send us an e-mail to email@example.com and we will take care of everything else for you.