Guide
Indirect mortgage amortisation via pillar 3a
Indirect amortisation is not a third OPP 3 route. It is a banking modality: the SBA directive (December 2023, section 2.2) allows amortising mortgage debt by contributing and pledging pillar 3a assets, instead of reducing the loan each year. The debt stays; the 3a stays invested and serves as collateral. Tax on a capital benefit arises only if a 3a sum is paid out.
Housing overview: pillar 3 and home ownership.
The wider frame is the Swiss third pillar.
Questions
Your questions, answered
The questions people ask before they request a comparison.
Is indirect amortisation set out in OPP 3?+−
Not as a standalone route. OPP 3 covers the housing early withdrawal (art. 3) and the pledge (art. 4). Indirect amortisation is an SBA banking modality: contribution and pledge of pillar 3a assets.
How does it differ from withdrawing 3a to repay the mortgage?+−
An early withdrawal pays out 3a capital and triggers separate tax on the capital benefit. With indirect amortisation the capital usually stays in the 3a, pledged to the bank; no withdrawal tax is due until a sum is paid out.
Official sources
Official sources
- FSIO — The third pillar (article 7 OPP 3) — Small and large contributions. Pillar 3a buy-backs concern gaps from 2025. The first buy-back is possible in 2026.
- FSIO — Amounts valid on 1 January 2026 — OASI pensions, BVG thresholds and 2026 pillar 3a ceilings. Last editorial check: 6 octobre 2026.
- Federal Council — pillar 3a deduction from 1 January 2027 — Press release of 2 October 2026: 7,373 francs with a 2nd pillar, 36,864 francs at most without one. The 20% rate is unchanged.
- FSIO — Your third-pillar contribution — Maximum with a 2nd pillar, or 20% of income inside the limit without one. The credit counts on 31 December for the tax year.
- FTA — Circular 18a (taxation of pillar 3a) — Tax on capital at withdrawal, staggering, transfer to the 2nd pillar.
- FTA — Pillar 3b life policies that can be surrendered — Flexible provision is not one single tax story. A policy follows the contract and the canton.
- FSIO — OPP 3 change (beneficiaries) — The FSIO announced a wider choice of pillar 3a beneficiaries from 1 June 2027. The applicable detail is on that page, not in a ceiling figure.
- OASI/disability information centre — Pensions, the 13th old-age pension, reference age and the transitional generation.
FSIO ceiling review: 6 octobre 2026. Pillar 3a ceilings cited for 2026, from the FSIO table. From 1 January 2027 the Federal Council sets 7,373 francs with a 2nd pillar and 36,864 francs at most without one. The 20% rate is unchanged. Press release of 2 October 2026: https://www.admin.ch/fr/newnsb/BqB41FVYi5FB. Cantonal pillar 3b amounts can change from one tax notice to the next. This is not personal advice.