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Old 25.04.2019, 21:02
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Pillar 3 contributions when wife stops working

Hi all, my wife stopped working a cpl of years ago to have kids, but we each continued paying the max (c6,750chf/yr) into both pillar 3 accounts, especially since that's how the mortgage is amortized.

I just realized I'm not 100% sure whether the pillar 3 is only supposed to be for if you're employed, and the info I've researched is a bit vague. Anyone know anything about this?

thanks
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Old 25.04.2019, 21:17
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Re: Pillar 3 contributions when wife stops working

From CS website

QUOTE
For employed persons with a pension fund: CHF 6,826
For employed persons without a pension fund: 20% of net earned income, maximum CHF 34,128
UNQUOTE

Very likely you have been over contributing and locking the cash without any tax benefit. Check your tax assessments from previous years, my guess is tax office only accepted your contribution as tax deductible and not your wife's.
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Old 25.04.2019, 21:44
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Re: Pillar 3 contributions when wife stops working

Thanks, itís this vague wording thatís rather unclear. My bank has accepted the payments which go into a fund, so maybe thatís fine and just not the tax benefit
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Old 25.04.2019, 22:40
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Re: Pillar 3 contributions when wife stops working

You can only deduct it from taxes if employed.

You can always put money in, but why?

Tom
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