Sorry if these questions seem too noob or even stupid as I’m still trying to understand how things are working here and am not very good with taxes, finances & etc.
Question 1. Is it true that you can claim tax refund on 3rd pillar deposits only when one of the following applies (or a more correct question would be - is it true that one only fills taxes when one of the following applies):
a. earns over 120k
b. c-permit holder
c. is a home owner
If none of these applies to someone - is there a point then to look into 3rd pillar since not being able to claim the taxes on these deposits kinda loses the point of making those payments for me.
Question 2. Normally, with years the salary goes up and so does the tax rate, right? So, saving (returning) on 3rd pillar taxes, say, 10% now - wouldn’t one be paying more in the future for that same money when withdrawing when their tax rate is, say, 15%?
I.e. if we ignore the returns (and simplify things a bit), one deposits 6’000 CHF yearly for 10 years: 10 * 6’000 = 60’000 CHF
With 10% tax rate they are able to claim 6’000 CHF back during those 10 years (10 years * 600).
When they withdraw the money (be it leaving Switzerland permanently or payment on a house) they might have to pay a 15% tax rate (since their salary grew and so did their tax rate), so while they saved 6’000 CHF on tax claims - they then have to pay 9’000 CHF (60’000 * 15%) i.e. didn’t one just lose 3’000 CHF?
I suppose some 3rd pillar withdrawals are not taxable though (home payment), is that the case? If so - which withdrawals are taxables and which are not?