2024 introduces significant adjustments to Switzerland's occupational pension scheme, including a retirement savings start at age 25 and adjustments to the coordination deduction. Key reforms aim to make retirement provision fairer, especially for part-time workers and low-income earners.
Switzerland is struggling with rising health insurance premiums due to increased healthcare costs. Saving tips such as comparing rates, reviewing insurance models, and adjusting the deductible can help reduce costs.
In 2023, the maximum amounts for pillar 3a will increase to CHF 7,056 for employees and CHF 35,280 for the self-employed. Contributions must be made by December 31, 2023, in order to receive tax advantages.