Last update: 17.09.2024 08:32
The Federal Social Insurance Office set the maximum pillar 3a amount in 2023. This is because there is usually an adjustment every 2 years. Find out which increased maximum amount applies in 2023 compared to the previous year.
These are the new pillar 3a maximum amounts for 2023
In 2023, the pillar 3a maximum amount will increase significantly compared to last year. From 2023, as an employee you can deduct CHF 173 more than in the previous year. The maximum amount you can pay into pillar 3a in 2023 is now:
- for employees with a pension fund CHF 7,056 (small maximum amount pillar 3a 2023)
- for employed persons without a pension fund up to 20 % of net earned income , up to a maximum of CHF 35,280 (the large maximum Pillar 3a 2023 amount for self-employed persons or part-time employees without a pension fund)
The maximum deductions are also the relevant deposit limits. This means that you may not pay in more and may not deduct more than this amount for tax purposes. Rounding up payments is not permitted.
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How is the pillar 3a maximum amount determined?
The Federal Council sets the maximum AHV pension at least every two years. In doing so, it takes price and wage trends into account. In October 2022, the Federal Council decided to increase the maximum AHV pension by CHF 720 per year with effect from 1.1.2023. Numerous other pension figures are derived from this maximum AHV pension, including the maximum BVG annual salary. According to Article 7 paragraph 1 BVV 3, contributions to recognized forms of pension provision of up to 8 percent or 40 percent of the maximum BVG annual salary are deductible per year (see circular no. 18 of the EStV on the tax treatment of pillar 3a pension contributions and benefits).
This results in the following maximum deductions as the maximum pillar 3a amount in 2023:
- 8% of 88,200 = CHF 7,056 for employees with a pension fund, the “small” pillar 3a contribution (Art. 7 para. 1 letter a BVV 3)
- 40 % of 88,200 = 35,280 francs for employed persons without a pension fund, the “large” pillar 3a contribution (Art. 7 para. 1 letter b BVV 3)
The results are rounded to whole francs.
Our pillar 3a tips: Get a free reminder to pay in
With the pillar 3a timer, you’ll never miss your pillar 3a payment again. We’ll remind you to pay into your pillar 3a free of charge. Simply enter your next steps below. Depending on the reminder cycle you choose, we will send your text entry in the “My next steps” field 30, 90 or 365 days later. And of course: you’ll also find a link to unsubscribe in every email đ
Historical development of the pillar 3a maximum amount
Voluntary pension provision (Pillar 3a) was regulated in the BVV3 Ordinance and came into force on January 1, 1987. The framework for this is set out in the Ordinance of 13 November 1985 on the tax deductibility of contributions to recognized forms of pension provision (“BVV 3”).
As a rule, the pillar 3a maximum amount is adjusted every two years, as it is linked to the development of the AHV pension. You can see the historical development of the pillar 3a maximum amount in the chart.
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Summary of pillar 3a maximum amount 2023
The pillar 3a maximum amount in 2023 will increase significantly compared to the previous year. Employed persons with a pension fund may pay in a maximum of CHF 7,056. If you are not affiliated to a pension fund, you may pay in up to 20% of your net earned income, up to a maximum of CHF 35,280.
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