Thread: Third pillars
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Old 19.07.2021, 15:32
catandmouse catandmouse is offline
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Re: Third pillars

If you are employed, only 3a accounts are applicable. I've never understood the point of a 3a insurance policy, as you get tied in until retirement. A 3a bank account is nothing more than an ordinary savings account with tax benefits and if you don't pay in one year, it has few consequences (except that obviously you won't get the tax deduction for that year).
It's recommended to open more than one 3a account, again for tax reasons when you close them. The tax applied goes up exponentially, so try and keep the total to less than about 50k CHF per account. Once you get there, open a new account and then start closing them, one per year, once you get to 60.
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