Pillar 3a: How much tax can I save?

It makes sense to pay into your pillar 3a, as the contributions can be deducted from your taxable income, the balance is not subject to wealth tax and any interest earned is not taxed as income. Depending on your taxable income and place of residence, for every 1,000 francs you invest in your third pillar, you can save up to 450 francs on income tax.