Restriction on Pension Fund Contributions and Savings Deposits

Pension funds and voluntary purchases into them are an important instrument of retirement provision. However, excessive wage deductions or purchases can circumvent the principle of taxation according to ability to pay and thus achieve significant tax advantages. This initiative aims to restrict such tax practices and ensure fair taxation for all.

Problem

• High earners as well as occasionally employers use excessive pension fund contri…: High earners as well as occasionally employers use excessive pension fund contributions and purchases to avoid taxes. This undermines tax fairness, especially since only a fraction of the taxation app…

Solution

• Employee and employer savings contributions are limited overall to 30% of gross …: Employee and employer savings contributions are limited overall to 30% of gross salary, and voluntary purchases to 10 times the AHV maximum pension (2026: approx. CHF 302,000). Contributions above thi…
• Ongoing savings contributions from employer and employee are only tax‑deductible…: Ongoing savings contributions from employer and employee are only tax‑deductible up to 30 % of gross salary. Higher contributions remain allowed but are taxable.

Benefit

• The measure strengthens the constitutional principle of taxation based on econom…: The measure strengthens the constitutional principle of taxation based on economic capacity in accordance with Art. 127 para. 2 BV. Targeted tax avoidance via the pension fund is curtailed without cha…
• Eingeschränkte Abzüge erhöhen die Steuerbasis bei Gutverdienenden. Die Mehreinna…: Eingeschränkte Abzüge erhöhen die Steuerbasis bei Gutverdienenden. Die Mehreinnahmen entlasten die öffentliche Hand und können für Sozialwerke wie AHV und IV oder Investitionen in Bildung genutzt werd…