As part of the debate surrounding relief package 27, parliament rejected the Federal Council’s plan to increase taxation on capital withdrawals from the second and third pillars. The Federal Council’s consultation draft provided for capital payments from pension plans to continue to be taxed separately at the federal level, but at a significantly higher progressive rate of up to 11.5%.
Yesterday, the National Council voted against such higher taxation of capital payments from pension plans, following in the footsteps of the Council of States, which had already done so in December last year.
The draft bill will remain under review until March 20, 2026. After that, a referendum is possible. The Green Party has already announced that it will seek one. If this is successful, a vote is expected to be held in September 2026.