Tax breaks have been put in place by legislators to encourage Swiss taxpayers to make pension arrangements and thus avoid their being dependent on the State for financial support on retirement or in case of disability. These rules allow taxpayers to significantly reduce their taxable income and benefit from both risk coverage and savings according to their individual needs.
Tax rules on life insurance and pension products are complicated, primarily due to the Swiss federalist system: in some cases, the rules can vary from one canton to another. A full command of the relevant legal rules and cantonal practices is therefore essential to developing a proper understanding of this particular area.
An analysis of the client’s actual financial situation and objectives is essential to determining the most appropriate level of insurance cover, thereby avoiding their being over or under-insured. T&CO provides its clients with an objective analysis of their financial situation and their needs in terms of insurance cover.