Risk-only insurance premiums: pillar 3A or 3B?

[Ardius]

Because in Vaud I can’t.

[Moustachienne]

@gaijin

You mean health care? If so, not this is not possible. Deduction in 3a or 3b is only for life insurance.

Thanks!

[Daniel]

@zelias

I believe one would need to run actual numbers because the initial tax benefits are not exactly the same.

It’s true that there are a lot of variables. A lot has to do with how dividend/interest-intensive you invest your assets, as the absence of income tax on dividends and interest is the only real argument for using the pillar 3a for savings/investment rather than insurance.

Then there are factors specific to your personal situation. In my case, for example, I deduct my full (pillar 3b) term life insurance premiums using the deduction for insurance premiums and interest. That is possible because I have a lot of kids, so the tax deduction is higher, and health insurance premium reductions cut down the portion taken up by health insurance. So no point in using the pillar 3a for life insurance, in my case.