In Switzerland, the term “pillar 3a” refers to a category of tax-privileged private retirement savings. Saving for retirement using the pillar 3a category is optional. Contributions made to a 3a retirement account, 3a investment account, 3a life insurance policy or 3a retirement fund are tax deductible. The federal government sets the limit on annual 3a contributions every year.
The earliest point at which 3a assets can be accessed is 5 years ahead of legal retirement age. Assets can be accessed before the legal age if their holder leaves Switzerland permanently, uses them to purchase real estate as a primary residence or invests them in founding a new business.
3a retirement account comparison