Insurance Plans Pillar 3B
Greetings! I am considering to invest in a life insurance-cum-savings plans under Pillar 3B. The intent is to use this to indirectly amortize part of my mortgage.
I am told, perhaps erroneously, that there may be tax deductions possible for such investments (canton GE) when invested under Pillar 3B. Would anyone know if there are specific tax deductions possible for insurance premiums under pillar 3B (not 3A)?
I know that contributions for insurance premiums and interest from savings accounts are eligible for some tax deductions but I could find anything to confirm this. Thanks in advance to the tax experts on this Forum!