Living in Switzerland

No changes to Pillar 3a allowance for 2020

5th December 2019

The Author: Nygel Harriman

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Nygel is both client adviser and regional manager of our Geneva office. He loves the longer term relationships with clients working consistently to achieve their goals.

The maximum contribution you will be able to make into your Swiss Pillar 3a pension in 2020 is CHF 6,826. The allowance, for next year, remains unchanged from the 2019 value.

There are two maximum fund amount limits applicable for the Pillar 3a:

  1. Employees can fund their Pillar 3a to a capped amount of CHF 6,826
  2. Those without a pension fund can contribute up to CHF 34,128 or a maximum of 20% of their net earned income

You can learn more about the Swiss Pillar pension system in our detailed blog HERE. Or if you are short on time we have written a 30s version!