The advantage of a Pillar 3a is that it can be completely deducted from income tax and that the capital saved is exempt from wealth tax. When paying out, the capital is taxed separately from other income at a reduced rate.
In addition, you will receive a tax receipt every year for the amount paid, which you can submit together with your tax return. This tax voucher will be created for you by our partner Liberty 3a pension foundation. You can find it in your Inyova dashboard under “Documents” in January of the year following your deposit.
The government specifies a maximum amount that you can pay into your Pillar 3a every year. You can find more information about this here.
In order to benefit from the advantages in the current tax period, you should make the payments into your Inyova Pillar 3a annually, before mid-December.