Insurance & tax · Module 12

Life insurance –
and the tax?

Pay in, grow, pay out: at every stage, tax has a say.

%

Placing it right for tax

Paying in

What you can deduct

Pillar 3acontributions fully deductible

Pillar 3bonly the general deduction

In practicethe 3b deduction is often used up

During the term

Interest & surplustax-free during the term

Pillar 3ano wealth tax

3b surrender valuecounts as wealth

At payout

Pillar 3areduced special rate

Pillar 3bexempt from income tax where the statutory conditions are met

Pure riskdeath capital by canton

The special case

Non-surrenderableno wealth tax

Annuity policyonly while deferred

Product decidesthe type of policy counts

Good to know

💡 First step: For life insurance, tax weighs heavily on the return – have your policy and situation checked before you sign.

This video is no substitute for personal advice.
Baeriswyl Beratungen GmbH · Finance & pension planning · Fribourg