Tax deductions for insurance premiums in Switzerland

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

Can I deduct insurance premiums from my taxable income in Switzerland?

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

Hi there,

Whether or not insurance premiums can be deducted from taxable income depends primarily on the type of insurance in question.

Premiums for car insurance, motorcycle insurance, household insurance and most other forms of property insurance cannot be deducted.

Premiums for health insurance, accident insurance and life insurance are tax deductible.

The maximum deductions for insurance premiums vary between cantons and are also affected by other factors (like whether the insurance is part of a retirement plan).

Best regards from Moneyguru

More on this topic:
Swiss federal income tax calculator