Are Life Insurance Premiums Tax Deductible in Switzerland?

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

I read something which indicated that premiums paid for life insurance can be deducted from your taxable income. Is that true?

  • BenutzernameMoneyguru von
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4016

Hi there,

Yes, life insurance premiums can be deducted from your taxable income (along with accident insurance premiums and health insurance premiums).

However, all tax-deductible premiums (including those for other insurance coverages) are added together and collectively applied towards a single tax deduction (for insurance premiums and interest earned on savings). This deduction is limited.

Best regards from Moneyguru

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