Is Interest Earned on 3a Retirement Savings Taxable?

Here you will find the right answers

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Please login in or sign up to participate in the forum.
 
avatar
  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Is interest earned on Swiss pillar 3a retirement savings counted as taxable income? Does the 35% withholding tax apply?

 
avatar
  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

Interest earned on savings held in 3a retirement accounts or the cash value of 3a life insurance policies, returns earned through 3a investment fund accounts and dividends paid out by 3a retirement funds are not subject to withholding tax and do not need to be included in your income declarations on your tax returns. Interest is taxed along with your total 3a assets at a special rate when you withdraw your assets (normally upon reaching the legal age).

Best regards from Moneyguru

More on this topic:
3a retirement account comparison