Can I deduct the asset management fees from my taxes?

As a general rule, the custody account fees and the fees for preparing the tax statement (free of charge with True Wealth) can be deducted from the tax return.

In addition to account management, True Wealth's wealth management fee also includes transaction costs and fees for deposits and withdrawals, which are generally not deductible. In most cantons, however, a flat-rate deduction of 1 to 3 per thousand of the assets under management can be claimed, with upper limits depending on the cantonal tax authority. Please consult the official tax return guide to find out how you can benefit from the lump-sum deduction in your canton of residence.