Individual Tax Private individuals

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

Many working people plan to reduce their workload or take their pensions early before reaching normal pensionable age. However, it is often not taken into account that a reduction or termination of employment can also have consequences with regard to social insurance law.

Located at the heart of Europe, Switzerland is an attractive country to take up residence and employment. Its high standard of living, its legal and political stability, a well-developed infrastructure and a very low taxation regime with a broad double tax treaty network offer an attractive environment for employment and business opportunities. The purpose of this fact sheet is to provide a short overview of the Swiss tax system for individuals and a presentation of selected tax related planning opportunities.