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Saving with Pillar 3a

What is saving with Pillar 3a? Read the explanation in the following section.

Deposits to Pillar 3a can be used to build up your private retirement provision. The deposits can be deducted from taxable income, which, depending on your individual tax burden, can amount to several thousand Swiss francs per year in tax savings. You can either save in a Pension Account – 3rd Pillar or invest in securities with a Pension securities Account – 3rd pillar.

Further terms on the topic of retirement provision are explained in the glossary.