Is Interest Earned on 3a Retirement Savings Taxable?

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Is interest earned on Swiss pillar 3a retirement savings counted as taxable income? Does the 35% withholding tax apply?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

Interest earned on savings held in 3a retirement accounts or the cash value of 3a life insurance policies, returns earned through 3a investment fund accounts and dividends paid out by 3a retirement funds are not subject to withholding tax and do not need to be included in your income declarations on your tax returns. Interest is taxed along with your total 3a assets at a special rate when you withdraw your assets (normally upon reaching the legal age).

Best regards from Moneyguru

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Cheap bank accounts with card

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  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

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  • Banking partner: Swissquote & Postfinance

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