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I am of a mind to withdraw the money from one of my 3a accounts when I turn 60 and then keep paying into my other account to get the tax deduction until I turn 65, when I will withdraw the money from that account. Can I keep paying to a (different) 3a account after closing my first account?
Hi there,
Once you reach the legal age for withdrawing 3a assets (5 years ahead of legal retirement age), you can cash out your 3a accounts and savings at any time you choose until you reach legal retirement age (or up to 5 years past retirement age if you remain employed).
At the same time, as long as you are employed, you can continue to contribute to the third pillar and claim tax deductions.
So you can close one 3a retirement account but continue saving using additional 3a accounts.
Best regards from Moneyguru
More on this topic:
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3a Retirement Funds: Things You Should Know
What Does a Swiss 3a Retirement Account Cost?
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Pillar 3a: Maximum contributions
