Catch-up payments into pillar 3a will be possible from 2025
Published: Wednesday, Nov 6th 2024, 11:30
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Anyone who has not paid any contributions or only partial contributions into the pillar 3a pension plan in certain years can now make up for this. The Federal Council amended an ordinance to this effect on Wednesday and brought it into force at the beginning of 2025.
By amending the ordinance on the tax deductibility of contributions to recognized forms of pension provision, the national government is fulfilling a parliamentary mandate. Anyone who has an income subject to AHV contributions in Switzerland can pay into pillar 3a - the tied private pension plan.
Subsequent payments - a maximum of CHF 7258 in 2025 - can only be made for years with income subject to AHV contributions in Switzerland and only in years in which such income was earned.
The ordinary annual contribution to the tax-privileged pillar 3a must also have been paid in full before a catch-up purchase is made. The Federal Council estimates that the additional payments will reduce federal tax receipts by CHF 100 to 150 million per year.
©Keystone/SDA
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