The 3rd pillar A (tied pension provision) lets you deduct your contributions from taxable income, within limits set each year by the Confederation. As December approaches, a few points deserve your attention.<\/p>\n
Only amounts credited to your account or policy before the end of the year<\/strong> are deductible for that year. An order placed too late may be booked in January: allow a few working days.<\/p>\n The maximum amount differs depending on whether you are an employee affiliated to a pension fund or a self-employed person without a 2nd pillar. It is adjusted periodically: check the current ceiling with your institution or the tax authority.<\/p>\n A 3a account or securities offer flexibility; an insurance solution can add cover in case of loss of earnings or death. The choice depends on your goals, your investment horizon and your family situation.<\/p>\n 3a assets are taxed separately on withdrawal, at a progressive rate that varies by canton. Spreading your assets over several accounts<\/strong> lets you stagger withdrawals over several years and limit the tax burden.<\/p>\nA ceiling that depends on your status<\/h2>\n
Bank or insurance?<\/h2>\n
Think about withdrawal<\/h2>\n