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Are pensions tax-free?

Only a few types of pensions are fully tax-exempt. These are, in particular, pensions from statutory accident insurance (e.g. pensions from employers' liability insurance associations), war pensions and pensions for severely disabled persons and reparation pensions. Otherwise, pensions are in principle partially subject to income tax.

Note

You can also find information about the Retirement Income Act in the "Tax Tips for Seniors".

 

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