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Step 3: What Is the Tax Situation for Retired People?

When you retire you also embark upon a new phase of life from a tax viewpoint. We show you what changes and how you can optimize your taxes.

Tax after Retirement

Contrary to widespread opinion, it is not always the case that you pay less tax after retirement. On the one hand both Pillar 1 (AHV/AVS) and Pillar 2 (Pension Fund) pensions count as fully taxable income, and on the other hand a number of deductions no longer apply.

Save Tax: Staggered Payment of Retirement Benefits

Depending on the canton, it is worthwhile considering a staggered payment of Pillar 2 or Pillar 3 funds. This allows you to reduce progressive taxation. Calculate here the level of tax for a lump-sum payment from Pillar 2 and Pillar 3.

Tax after Retirement

Save Tax: Give Away Residential Property, Grant Usufructuary Rights

If you own residential property, from a tax viewpoint it may be worthwhile for you to make a gift of it during your lifetime and to grant yourself usufructuary or residential rights. In this way, you transfer a part of your assets and pay less tax in future.

Gifts and Advancements

Consider whether you would like to bequeath part of your assets to your heirs now (anticipatory succession). In tax terms, gifts and bequests are treated in the same manner in most cantons. A gift makes sense if you no longer need a certain part of your assets and it is in the interest of your heirs to have it at their disposal now.

Save Tax: Change of Domicile

There can be considerable differences in taxation levels from canton to canton and municipality to municipality. Use our Tax Calculator to calculate your total tax burden in your place of residence.

Tax optimization remains a relevant topic even after retirement. Contact us for a no-obligation consultation .  

Step 4: What Should I Do with My Home If It No Longer Meets My Needs?  

 

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