How much tax can you save?
Deduct your contributions in 3rd pillar B from your taxable income
What is your maximum deductible amount?
In Geneva, the maximum deductible amounts for the year 2022 are as follows:
- Single person: CHF 2,232
- Married couple: CHF 3,348
- Family: CHF 913 per dependent child
A married couple with two children is able to deduct up to CHF 5,174 from their taxable income, and depending on their marginal tax rate, save approximately one third of this amount in tax.
A personal pension planning analysis will enable you to calculate the exact tax savings that are possible through 3rd pillar B.
What are the other advantages of 3rd pillar B?
Like 3rd pillar A, 3rd pillar B aims to build up capital for your retirement so as to supplement your AVS and LPP pensions and maintain the standard of living to which you are accustomed. However, 3rd pillar B, which is also known as the unrestricted 3rd pillar, offers more flexibility than 3rd pillar A, which is known as the restricted 3rd pillar.
You can withdraw your funds at any time without having to wait until you reach retirement age, for example. It also allows you to freely designate the beneficiaries of your pension when you die. A full pension planning analysis will allow you to ascertain all the advantages of 3rd pillar B.
What is a pension planning analysis?
The pension planning analysis is a financial check-up which includes one or more forecasts of your position on your retirement, taking your spending plans into account. It is a neutral decision-making tool which gives a clear and precise vision of your current and future financial position.
This global approach also provides clarity and helps you to make your choices calmly. In a neutral and independent way, we explain things to you in plain language with an analytical and constructive approach and ultimately propose solutions. And we do so on a non-binding basis.