Insights

Employed persons who are members of a pension fund can pay a maximum of CHF 7’056 into pillar 3a in 2024. The amount paid in can be deducted from income in the personal tax return 2024. Employees who are not affiliated to a pension fund may pay in a maximum of 20 % of their net income, the maximum amount is CHF 35’280. A payment can only be made in the corresponding calendar year, retroactive payments after the end of the calendar year are not possible.

The current valuation of real estate in the Canton of Zurich dates back to 2009. Several court rulings in recent years have confirmed that the current tax values are lower than market values and no longer comply with federal law. According to federal regulations, the taxable value of a property must not be less than 70% of its market value, and the imputed rental value must not be less than 60% of the market rent. An expert report commissioned by the cantonal tax office determined that, since 2009, market values of single-family homes and condominiums in the Canton of Zurich have increased by an average of over 50%, while rents for rental apartments have risen by around 15%. This prompted a revaluation of all properties, which will take effect on January 1, 2026.

Employed persons who are affiliated to a pension fund can pay a maximum of CHF 7,056 into pillar 3a in 2024. In 2024, the maximum Pillar 3a amounts remain unchanged compared to 2023.

Increase in maximum pillar 3a deductions in the 2023 tax year.