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Old 25.04.2007, 20:51
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Useful calculator for finding out how much tax you need to pay on 3rd pillar pay out

For those of us interested in having 3a pillar accounts, which help you save 2k max per year on tax if you are a normal employee, and you want to know how much cash you will have to pay on taking out money, go to

https://apps.ubs.com/financecalculat...tSaeule3a&LG=e

It is the fisca 3a pillar calculator, you will need to enter where you live, as your tax depends on your kanton and gemeinde.

It works quite neatly, and shows you for example how little you need to pay if you withdraw small amounts, i.e., it was 3.74% for 20k and 4.8 % for 60k for my kanton, in any case much less than the advertised 7 percent.

Last edited by muze7; 26.04.2007 at 22:53.
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Old 14.01.2012, 14:58
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

I just tried it, and I found it quite cumbersome. Especially that it keeps sending PDFs to you.

I have been trying to find something that explains the tax implications but have turned up nothing.

I note Jenny wrote in 2007 that there is not much point in doing a third pillar if you are not staying at least 10 years.

If I paid 6600 into a Pillar 3a in 2011, how much am I taxed if I withdraw it all in 2012, 2013, 2014, ... etc.?

Does anyone have a pointer to this seemingly basic information?
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Old 14.01.2012, 15:12
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

https://www.credit-suisse.com/ch/pri...auszahlung.jsp
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Old 14.01.2012, 16:06
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

I think it has sunk in. I can't just request the cash on demand. As usual with pension contributions, the money is no longer entirely your money.
Payout Options

Because retirement plans enjoy tax privileges, the legislator imposes certain conditions on the withdrawal of Pillar 3a retirement assets.
Pillar 3a retirement assets fall due when you reach the statutory retirement age* or, if you continue to work, up to five years later. Swiss law permits early withdrawal of Pillar 3a capital in the following situations:
Early Payout

  • At the earliest 5 years before you reach retirement age
  • For purchasing owner-occupied residential property
  • For repaying a mortgage on owner-occupied residential property
  • When becoming self-employed
  • When a self-employed person changes their line of work
  • When leaving Switzerland for good (emigration)
  • For purchasing pension fund benefits
  • When drawing a full disability pension
  • In the event of death, to the beneficiaries
Taxation on Payout

When your retirement capital is paid out, it is taxed at a lower rate and separately from other income.
*The statutory retirement age is 65 for men and 64 for women.
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Old 14.01.2012, 19:49
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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I just tried it, and I found it quite cumbersome. Especially that it keeps sending PDFs to you.

I have been trying to find something that explains the tax implications but have turned up nothing.

I note Jenny wrote in 2007 that there is not much point in doing a third pillar if you are not staying at least 10 years.

If I paid 6600 into a Pillar 3a in 2011, how much am I taxed if I withdraw it all in 2012, 2013, 2014, ... etc.?

Does anyone have a pointer to this seemingly basic information?
I tried the UBS program & was informed that I had more money in the 3a than is allowed. What a cr*p program.

The Credit Suisse one worked OK & said I would pay about 5% tax in my Kanton.....
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Old 14.01.2012, 20:12
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

3rd pillar contributions, no income
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Old 14.01.2012, 22:16
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

Thanks for the link, useful calculator.

The post says you can pay a max of CHF 6682 per year into your 3a then suggests you calculate based on 500,000 - that would take around 70 to 80 years of payments depending on annual interest paid on the 3a
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Old 15.01.2012, 23:21
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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Thanks for the link, useful calculator.

The post says you can pay a max of CHF 6682 per year into your 3a then suggests you calculate based on 500,000 - that would take around 70 to 80 years of payments depending on annual interest paid on the 3a
it is a compound interest rate account and would 46 years at 2% !!

why not have more than one account?
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Old 19.01.2012, 16:44
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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it is a compound interest rate account and would 46 years at 2% !!

why not have more than one account?
About "why not have more than one account?"

You can but you are still limited to 6682 per year - not per account.
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Old 19.01.2012, 21:23
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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About "why not have more than one account?"

You can but you are still limited to 6682 per year - not per account.
limit is only for the tax rebate in that given year! nothing to stop you saving into multiple accounts.
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Old 19.01.2012, 22:23
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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limit is only for the tax rebate in that given year! nothing to stop you saving into multiple accounts.
But why? You could also save into a normal account & avoid the 3a restrictions like - no withdrawls before age 65.
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Old 20.01.2012, 07:37
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Re: Useful calculator for finding out how much tax you need to pay on 3rd pillar pay

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But why? You could also save into a normal account & avoid the 3a restrictions like - no withdrawls before age 65.
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it is a compound interest rate account ...
and for my investment profile/horizon it suits me.
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