Pillar 3a / Pensions

Tax deduction


The paid in amount can be deducted completely (up to the legal maximum amount) from the taxable income. Capital growths (interest rate or increase in value in the case of securities) are exempt from taxation.

Payments into a Pillar 3a product can be deducted from income tax. Banks and insurance companies offer forms that confirm payment and that have to be attached to the tax declaration. However, the annual amount of payments are legally limited (see maximum depositable amount).