Pillar 3a after retirement?

Pro­vi­ded that you con­ti­nue to be employ­ed, you can con­ti­nue to pay Pil­lar 3 con­tri­bu­ti­ons for a maxi­mum of five years beyond the nor­mal reti­re­ment age. During this peri­od you can con­ti­nue to make depo­sits.

Maximal amount unchanged

The defi­ni­ti­on of the maxi­mum amount does not chan­ge. This also app­lies if you work beyond the regu­lar reti­re­ment date:

  • If you are affi­lia­ted with a pen­si­on fund, you can pay in the small maxi­mum amount.
  • If you do not (no lon­ger) pay pen­si­on fund con­tri­bu­ti­ons, you can pay in the lar­ge amount (but no more than 20% of net ear­ned inco­me).

Maximum amount also unchanged in the year of retirement

The abo­ve-men­tio­ned regu­la­ti­on also app­lies in the year of reti­re­ment. If you are affi­lia­ted to a pen­si­on fund, you can pay in the maxi­mum amount of Pil­lar 3 even if you only work a frac­tion of the year. If you are no lon­ger affi­lia­ted to a pen­si­on fund, the maxi­mum amount is based on the lar­ge 3rd pil­lar. This is sub­ject to the known restric­tion that the con­tri­bu­ti­on may not exce­ed 20% of your actu­al net ear­ned inco­me in the year of reti­re­ment.

Net ear­ned inco­me
(after deduc­tion of AHV/IV/EO/ALV)
maxi­mum depo­sit with Pen­si­on Fund
(CHF 6’826)
maxi­mum depo­sit without pen­si­on fund
(CHF 34’128 or 20 %)
CHF 10’000CHF 6’826CHF 2’000
CHF 50’000CHF 6’826CHF 10’000
CHF 100’000CHF 6’826CHF 20’000
CHF 250’000CHF 6’826CHF 34’128

Does it still make sense to make a deposit in the year of retirement?

This que­sti­on can­not be ans­we­red in gene­ral terms: It depends on whe­re you live, how much tax­able inco­me you have in the year of reti­re­ment and how much reti­re­ment assets you will draw in the same year.

  1. Cal­cu­la­te how much tax you can save by pay­ing in the year of reti­re­ment. If your tax­able inco­me is low, the purcha­se is worth less than if your inco­me is high. Plea­se note: Any pen­si­on bene­fits from Pil­lar 1 and 2 from the time of reti­re­ment must also be taken into account as tax­able inco­me.
  2. Cal­cu­la­te how much (more) tax you have to pay for the purcha­se. Plea­se note that all lump-sum bene­fits from the pen­si­on plan in the same year are added tog­e­ther (usual­ly also tho­se of your part­ner). This is rele­vant becau­se the lump-sum with­dra­wal tax is pro­gres­si­ve.

Once you have made the two cal­cu­la­ti­ons, you will see whe­ther it is still worth making a depo­sit in the year of reti­re­ment. In many cases, it may be worthwhile to pay in the full amount again in the year of reti­re­ment.

Proof of the continuation of employment

To con­ti­nue your 3a pen­si­on rela­ti­ons­hip, you must pro­vi­de the pen­si­on foun­da­ti­on with pro­of of your enti­t­le­ment. If you are employ­ed, you can do so by means of an employ­ment con­tract or sala­ry state­ment. If you are self-employ­ed, it is best if you sub­mit a con­fir­ma­ti­on from the Aus­gleichs­kas­se respon­si­ble for you.

writ­ten on 07.05.2020

Cur­r­ent­ly, fin­pen­si­on offers solu­ti­ons for vested bene­fit savings with secu­ri­ties and indi­vi­du­al manage­ment pen­si­on plans 1e. A 3a secu­ri­ties app is under deve­lo­p­ment.