Thread: Third pillars
View Single Post
  #6  
Old 19.07.2021, 15:44
HickvonFrick HickvonFrick is offline
Forum Legend
 
Join Date: Jul 2020
Location: Frick, Aargau
Posts: 2,875
Groaned at 63 Times in 51 Posts
Thanked 4,066 Times in 1,899 Posts
HickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond repute
Re: Third pillars

Quote:
View Post
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.
I think the correct amount of 3a accounts is 5 (with equal capital in each), as you have 5 years in which you can close them.
Reply With Quote
This user would like to thank HickvonFrick for this useful post: