Shopping in the Swiss pension fund
October 16, 2016 | 30,00 EUR | answered by StB Patrick Färber
I am a cross-border commuter, living in Germany and working in Switzerland. This year, I would like to "buy into" my Swiss pension fund by depositing 20,000 CHF into the mandatory part. Will this 20,000 CHF be completely deducted from my taxable income by the tax office? Where do I need to declare this amount on my tax return?
Dear inquirer,
Based on your question, I can provide the following guidance:
The deposit must be certified as a mandatory deposit into the mandatory pension fund according to Swiss BVG regulations. Additionally, based on the new tax laws, it will be completely lost in terms of tax benefits.
The payment will only be considered for tax purposes if the total amount of your ONGOING deposits and the PURCHASE AMOUNT into the PenKa (in addition to other domestic contributions) for single individuals does not exceed approximately EUR 22,000, and for married individuals, the double amount.
Furthermore, in 2016, only 82% of this total amount will be taken into account, and the tax-exempt employer contribution will be subtracted from that.
Therefore, it is not possible to determine the exact amount immediately.
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