The taxation of lump-sum benefits on withdrawals from the pension fund or the third pillar will be reduced in the canton of Zurich from the beginning of 2022 in order to take account of higher life expectancy and lower conversion rates in occupational pension provision.
The reduction applies to single taxpayers whose income exceeds CHF 210,000 and to married taxpayers whose income exceeds CHF 370,000.
The press release is available here.
