The Swiss Federal Tax Administration (FTA) has updated the list of Pillar 3b endowment insurance policies that are eligible for surrender.
The list of surrenderable Pillar 3b endowment insurance policies contains all Pillar 3b insurance products on the market that have been submitted to the FTA for assessment with regard to the privileged treatment under income tax law pursuant to Art. 20 para. 1 lit. a and Art. 24 lit. b DBG. This list is drawn up in consultation with the Swiss Tax Conference (SSK) and the Swiss Insurance Association (SIA).
It is up to the cantonal assessment authority to examine whether, in an individual case, a lump-sum benefit from a Pillar 3b insurance product meets the requirements "as serving the pension scheme" for privileged treatment under income tax law.
The updated list of Pillar 3b endowment insurance policies eligible for surrender (as of December 31, 2022) is available here .
Further information, such as the circular on the list of Pillar 3b endowment insurance policies eligible for surrender, is available here .
