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| I understand that the tax deductibility of the 3a contribution is
- some 6.5k if I pay into a 2nd pillar
- some 30k if I don't (or am self-employed)
My question is - is the status determined for the year, or at the end of the year?
More specifically, I was made redundant at the end of June. Hence I contributed into the company pension plan and paid AHV for half the year.
For the second half of the year, I am receiving unemployment, and still paying AHV, but no longer contributing to a pension plan.
Which category do I fall under??
my own guess (and hope) is that I can slip now into the second category and save a lot of tax by contributing say 20k into a 3a account? | |
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The "some 30k" is the max 3a contribution! The rule is 20% (if you have not contributed to a pension plan during the year) capped at approx 30k. To contribute and deduct the full amount, you must have a gross income of at least 150k.
Recipients of unemployed benefits are treated like employees contributing to a pension plan, i.e. 6.5k max.