Commission wants to extend retrospective purchases into pillar 3a
Published: Friday, Aug 16th 2024, 17:40
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In future, it should be possible to close contribution gaps in pillar 3a through subsequent purchases. The National Council committee responsible wants to go further than proposed by the Federal Council - and accept higher tax losses.
Last November, the state government submitted an amendment to the ordinance for consultation. If no or not the maximum permissible contributions have been paid into Pillar 3a, it should be possible to make up the resulting contribution gaps retrospectively through tax-deductible purchases for up to ten years. This is intended to strengthen individual pension provision.
The National Council's Social Affairs and Health Committee (SGK-N) has now been consulted on the corresponding amendment to the ordinance, as reported by the parliamentary services on Friday. By 16 votes to 9, it recommended that the Federal Council adhere to the wording and justification of the motion by Councillor of States Erich Ettlin (center/OW), which had been referred by Parliament, and align the rules for subsequent payments into pillar 3a with those in the first and second pillars.
Specifically, the Commission believes that it should be possible to make purchases into pillar 3a of up to CHF 35,280 every five years with as little bureaucracy as possible. It should be possible to close pension gaps retroactively from the age of 25, even for years without income subject to AHV contributions. The Federal Council does not want a retroactive rule.
The Commission has taken note of the fact that its model would lead to significantly higher, but not quantifiable, tax revenue reductions than the Federal Council's consultation proposal, the press release continued. The Federal Council assumes that its proposed implementation could reduce tax revenue by up to CHF 600 million.
According to the 2019 tax statistics for direct federal tax, around ten percent of taxpayers claim the maximum annual deduction permitted for tax-privileged personal pension provision.
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