Multiple pillar 3a accounts

Can I open multiple pillar 3a accounts?

The law does not limit how many accounts you can hold.

Contributions made in a calendar year may not exceed the maximum amount for pillar 3a (all 3a accounts combined).

Maximum amount pillar 3a

We recommend holding multiple 3a accounts, as pillar 3a lump-sum payments are taxed progressively. A staggered withdrawal usually results in tax savings.

Tax practices governing the withdrawal of pension funds are not the same in all cantons. Staggering that is too extensive may not be accepted by the tax authorities. Check with the tax authorities in your canton of residence whether and how many staggered withdrawals of pension funds are permitted.