Newly arrived expats in Switzerland may face a financial gap in retirement, as they have never contributed to the local pension system (pillars 1 and 2). A voluntary pillar 3a helps close this gap and maintains the accustomed standard of living in retirement.
To make the start into a secure financial future easier, we’ve compiled a list of the best pillar 3a insurance providers for foreigners in Switzerland. Each offers unique advantages – attractive investment strategies, protection against disability, and more. Here are our top 5 recommendations for 2025, carefully selected by our independent pension experts:
Swiss Life has over 160 years of experience and is Switzerland’s leading pension provider. Their wide-ranging portfolio caters to both security-focused and return-driven savers.
This modular product offers a highly customizable mix of security and return. If your life situation changes, you can easily increase your risk coverage through the Option Privilege add-on.
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This return-oriented product lets you flexibly choose between funds for a high-opportunity pension plan. Your investment strategy adapts to your needs thanks to the adjustable ratio between aggressive and defensive funds. An automatic rebalancing function ensures long-term consistency.
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Baloise has a long-standing history and is now positioned as a forward-looking full-service provider. It originally started as the Basel Fire Insurance Company and soon expanded into life insurance.
This flexible pension solution invests savings based on your personal risk profile. You can choose from carefully curated portfolios, ranging from security-oriented to growth-focused. It also offers guaranteed benefits in case of death or disability.
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Zurich started in the 19th century as a small insurance association and quickly grew into a global institution. Today, Zurich is one of the largest insurers worldwide and operates in over 200 countries.
This broadly diversified equity fund has a strong Swiss focus, with up to 75% invested in foreign currencies. It’s ideal for those willing to tolerate market fluctuations for long-term growth.
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With over 340 branches, AXA has Switzerland’s largest sales network. In addition to private clients, AXA insures about 40% of Swiss companies. It is also the only Swiss insurer with its own accident research center.
The Smartflex Plan allows you to shift your 3a portfolio at any time between four investment themes (Sustainability, Switzerland, Future Trends, Global) and adjust the balance between security and return. All within a single, tax-privileged contract.
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Generali is one of Europe’s oldest and largest insurers, known for its strong social engagement. Their customer portal allows clients to monitor 3a contributions and performance 24/7 and make additional payments instantly.
Generali’s best-seller Scala offers attractive returns plus various add-ons for accident and disability protection. In case of disability, Generali will cover up to CHF 3'000 annually in premiums so your pension continues even without income.
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Yes - anyone earning income subject to AHV (Swiss social security) can open a pillar 3a. It doesn't matter whether you're a citizen or a foreigner.
The annual contribution limit for 2025 is CHF 7'258. Self-employed individuals without a pillar 2 can contribute up to CHF 36'288 (but no more than 20% of net income).
All contributions can be fully deducted from your income taxes. Upon withdrawal at retirement, a reduced tax rate of approx. 4–11% applies (depending on the canton).
You may withdraw your pillar 3a balance up to 5 years before the official retirement age. Early withdrawal is also possible in specific cases, such as buying residential property, starting a business, or permanently leaving Switzerland.
Retroactive contributions will be allowed from 2025 onwards. However, you must first reach the maximum contribution for the current year.
Our independent pension experts are here for you – we’re happy to advise expats in Switzerland on optimal retirement planning. Contact us today.
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