Pensions · Vaud

Life insurance and pensions in the canton of Vaud

Protecting your family and preparing your retirement in the canton of Vaud: death and disability cover, 3rd pillar 3a and 3b, and the canton's tax rules.

Updated on 05.10.2026

What is specific to the canton

In the canton of Vaud, as in most cantons, only pillar 3a contributions are deductible from taxable income. Pillar 3b remains useful for saving and protection, but premiums are not tax-deductible. Pension capital withdrawals are taxed separately, at a rate that depends on the canton and municipality.

Points to check

Death cover (pure risk) to protect your spouse and children
Income in case of incapacity to work, often the biggest gap
3rd pillar 3a: bank or insurance depending on your goals
3a ceiling 2026: 7'258 CHF with a pension fund, 20% of income (max 36'288 CHF) without

To go further, read our full guide: The 3rd pillar (pillar 3a).

Frequently asked questions

Is life insurance tax-deductible in the canton of Vaud?

Yes for pillar 3a, within the federal ceiling. Pillar 3b premiums are not deductible in this canton.

Bank or insurance for the 3rd pillar?

Bank 3a is flexible; insurance 3a adds death and disability cover but commits you long-term. The choice depends on your family and your goals.

Do you need death cover?

It's recommended as soon as someone depends on your income: children, a spouse, or a mortgage to repay.

Other cantons

Other insurance in the canton of Vaud

General information, not personal advice. Cantonal rules can change: an adviser checks your situation before any decision.